Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.7) including excessive premium growth and negative cash flow from operations for 2024. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Weak profitability index (1.9) with operating losses during 2021, 2023 and 2024.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (71.6%), other (28.4%)
Licensed in:
All states
Principal Investments:
Cash (55.8%), investment grade bonds (41.2%), other (3.0%)
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
10638
Website
Largest Affiliates