Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -4.9%. Good overall results on stability tests (5.1) despite negative cash flow from operations for 2024. The largest net exposure for one risk is high at 4.8% of capital. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (9.1) 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.
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 (69.6%), other (30.4%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (85.8%), common stock (7.7%), cash (6.5%)
Corporate Info
Group Affiliation
ISMIE Mutual Ins Co
Investment Rating
--
Company Address
20 North Michigan Avenue
Chicago, IL 60602
Chicago, IL 60602
Phone Number
(312) 782-2749
NAIC Number
11084
Website
Largest Affiliates