E
ACADEMIC HLTH PROFESSIONALS INS ASSO
BuffaloNY
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 (0.2). Underreserving can have an adverse impact on capital and profits. In the last five years, reserves (two year development) fluctuated between 612% and 87% deficeint.
Other Rating Factors: Weak profitability index (1.9). Weak expense controls. Weak overall results on stability tests (0.1) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2021. Excellent liquidity (7.6) 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 (71.4%), common stock (12.4%), cash (2.9%), preferred stock (1.3%), other (12.1%)
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
(646) 808-0600
NAIC Number
42544
Largest Affiliates
No affiliate information available.
Weiss Ratings