Major Rating Factors:
Poor long-term capitalization index (0.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak overall results on stability tests (0.0) including weak risk diversification, weak results on operational trends and negative cash flow from operations for 2024. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good profitability index (4.9) with operating losses during each of the last five years and the first three months of 2025. Return on equity has been low, averaging 0.0% over the past five years. Superior liquidity (10.0) 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (99.5%), cash (0.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1812 Centre Creek Drive
Austin, TX 78754
Austin, TX 78754
Phone Number
(512) 452-4370
NAIC Number
32697
Website
Largest Affiliates
No affiliate information available.