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. Weak profitability index (1.9) with operating losses during 2021, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -3.3%.
Other Rating Factors:
Strong long-term capitalization index (8.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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