E
ACADEMIC HLTH PROFESSIONALS INS ASSO
Buffalo, NY
Data as of
September 30, 2020
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
-0.04
Risk Adjusted
Capital Ratio #2
-0.04
Loss
Ratio
-71.00%
Total
Assets
294.27M
Capital
-7.89M
Net
Premiums
12.02M
Net
Income
2.08M
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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 (0.5) that places pressure on both capital and profits. In four of the last five years, reserves (one year development) were between 97% and 16% deficient.
Other Rating Factors: Weak profitability index (0.3) with operating losses during 2016. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years and negative cash flow from operations for 2019. 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 (100.0%)
Licensed in: NY
Principal Investments: Investment grade bonds (76.0%), common stock (12.6%), cash (2.3%), preferred stock (1.2%), other (7.9%)
Ratios
Premium to Surplus
-329.7%
Reserve to Surplus
--
1-Year Reserve Development
97.4%
2-Year Reserve Development
86.9%
Expense Ratio
121.0%
Combined Ratio
50.0%
Cash From Underwriting
62.1%
Net Premium Growth
-74.0%
Investments in Affiliates
-0.2%
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
99 Park Ave - 23rd Floor
Buffalo, NY 14203
Phone Number
(646) 808-0600
NAIC Number
42544
Largest Affiliates
No affiliate information available.
Weiss Ratings