E
ACADEMIC HLTH PROFESSIONALS INS ASSO
BuffaloIL
Rating Date
December 2023
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 (0.9 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. In four of the last five years reserves (two year development) were between 46% and 612% deficient.
Other Rating Factors: Weak profitability index (0.2) with operating losses during 2022. Weak overall results on stability tests (0.3) including weak results on operational trends and weak risk adjusted capital in prior years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. 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 (78.4%), common stock (11.3%), cash (3.4%), preferred stock (1.2%), other (5.7%)
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
None
Investment Rating
--
Company Address
77 Goodell Street Suite 310
Buffalo, NY 14203
Phone Number
(414) 369-5033
NAIC Number
42544
Largest Affiliates
No affiliate information available.
Weiss Ratings