Major Rating Factors:
Poor long-term capitalization index (0.1 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 results on operational trends, weak risk diversification and negative cash flow from operations for 2023. The largest net exposure for one risk is excessive at 221.4% of capital. Fair profitability index (3.9) with operating gains in each of the last five years. Return on equity has been fair, averaging 72.4% over the past five years.
Other Rating Factors:
Ample reserve history (8.5) that helps to protect the company against sharp claims increases. 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 (2.0%), other (98.0%)
Licensed in:
KY
Principal Investments:
Investment grade bonds (99.8%), cash (0.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
200 West Main Street
Frankfort, KY 40601
Frankfort, KY 40601
Phone Number
(502) 875-5940
NAIC Number
32727
Website
Largest Affiliates
No affiliate information available.
