Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair profitability index (4.8) with operating losses during 2020 and 2022. Return on equity has been low, averaging 2.5% over the past five years. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent liquidity (7.6) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (76.9%), personal/comm auto (4.8%), other (18.3%)
Licensed in:
MA
Principal Investments:
Investment grade bonds (55.8%), common stock (16.4%), non investment grade bonds (11.0%), preferred stock (1.2%), cash (0.4%), other (15.2%)
Corporate Info
Group Affiliation
Medical Professional Mutual Ins Co
Investment Rating
--
Company Address
One Financial Center
Boston, MA 02111
Boston, MA 02111
Phone Number
(617) 330-1755
NAIC Number
10206
Website
Largest Affiliates