Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.8) with operating losses during 2021 and 2022. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (8.1). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Med mal (61.1%), work comp (2.0%), other (36.8%)
Licensed in:
All states except NY, WY
Principal Investments:
Investment grade bonds (69.0%), common stock (17.9%), non investment grade bonds (6.5%), cash (2.2%), other (4.4%)
Corporate Info
Group Affiliation
ISMIE Mutual Ins Co
Investment Rating
--
Company Address
20 North Michigan Avenue
Chicago, IL 60602
Chicago, IL 60602
Phone Number
(312) 782-2749
NAIC Number
32921
Website
Largest Affiliates