E
PHYSICIANS RECIPROCAL INSURERS
Roslyn, NY
Data as of
September 30, 2020
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
-0.11
Risk Adjusted
Capital Ratio #2
-0.10
Loss
Ratio
20.40%
Total
Assets
957.21M
Capital
-74.51M
Net
Premiums
121.85M
Net
Income
22.47M
Loading...
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 profitability index (0.4) with operating losses during 2015 and 2016.
Other Rating Factors: Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years and negative cash flow from operations for 2019. History of adequate reserve strength (5.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. F - Negative cash flow. 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 (99.2%), other (0.8%)
Licensed in: NY
Principal Investments: Investment grade bonds (76.7%), non investment grade bonds (8.1%), cash (4.6%), common stock (4.0%), other (6.6%)
Ratios
Premium to Surplus
-172.4%
Reserve to Surplus
--
1-Year Reserve Development
38.3%
2-Year Reserve Development
44.6%
Expense Ratio
36.9%
Combined Ratio
57.3%
Cash From Underwriting
62.0%
Net Premium Growth
-1.8%
Investments in Affiliates
0.0%
Corporate Info
Group Affiliation
AJB Ventures Ins (New York)
Investment Rating
--
Company Address
1800 Northern Boulevard
Roslyn, NY 11576
Phone Number
(516) 365-6690
NAIC Number
41467
Largest Affiliates
U
Roslyn, NY - P&C
Weiss Ratings