Major Rating Factors:
Fair profitability index (3.0 on a scale of 0 to 10) with operating losses during each of the last five years. Fair long-term capitalization index (4.7) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.9) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.4% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Med mal (85.7%), other (14.3%)
Licensed in:
AZ, CO, FL, GA, ID, IL, IN, MD, MI, MO, NJ, NM, NV, OH, OK, PA, SC, TX, WI
Principal Investments:
Investment grade bonds (96.4%), preferred stock (1.3%), non investment grade bonds (0.2%), cash (0.2%), other (1.8%)
Corporate Info
Group Affiliation
Texas Medical Liability Trust
Investment Rating
--
Company Address
Barton Oaks Plaza V
Austin, TX 78746
Austin, TX 78746
Phone Number
(512) 425-5800
NAIC Number
10393
Website
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