E
PHYSICIANS RECIPROCAL INSURERS
RoslynNY
Data as of
March 31, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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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). A history of deficient reserves (1.8) that places pressure on both capital and profits. The one year reserve development was deficient in three of the last five years by between 21% and 38%.
Other Rating Factors: Weak profitability index (0.9). Fair expense controls. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2021. 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: --
Licensed in: NY
Principal Investments: Investment grade bonds (56.5%), non investment grade bonds (10.3%), common stock (5.9%), cash (3.6%), other (23.6%)
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
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
D
Roslyn, NY - P&C
Weiss Ratings