Bifurcated System Resource RRG
Major Rating Factors:
Fair long-term capitalization index (4.7 on a scale of 0 to 10) based on weak current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Weak overall results on stability tests (0.0) including weak risk diversification, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 221.2% of capital. Fair reserve development (4.9) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 23.2% deficient.
Other Rating Factors:
Excellent profitability index (9.7) despite modest operating losses during the first six months of 2025. Excellent expense controls. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
SC
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
100 Brigade Street
Charleston, SC 29403
Charleston, SC 29403
Phone Number
(843) 577-1032
NAIC Number
17369
Website
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Largest Affiliates
No affiliate information available.