Major Rating Factors:
Weak overall results on stability tests (2.3 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 13.6% of capital. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.7) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been excellent over the last five years averaging 19.1%. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
CO, FL, IN, KS, KY, LA, MO, NV, OH, OK, SC, TN, TX, UT, WV
Principal Investments:
Investment grade bonds (86.5%), common stock (0.2%), other (13.3%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
One Park Plaza
Nashville, TN 37203
Nashville, TN 37203
Phone Number
(615) 344-5807
NAIC Number
35904
Largest Affiliates
No affiliate information available.