Integris Assurance Co
Major Rating Factors:
Fair long-term capitalization index (4.4 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios) reflecting improvement over results in 2024. A history of deficient reserves (0.9). Underreserving can have an adverse impact on capital and profits. In the last five years, reserves (two year development) fluctuated between 21.5% and 88.0% deficient. Weak profitability index (2.6) with operating losses during 2021, 2022, 2023 and 2024.
Other Rating Factors:
Good liquidity (5.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.0) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025. Strengths include potentially strong support from affiliation with Integris Group Incorporated. The largest net exposure for one risk is conservative at 1.6% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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 (100.0%)
Licensed in:
AL, FL, GA, IL, IN, MO, NC, OH, OK, PA, TX, VA
Principal Investments:
Investment grade bonds (56.9%), cash (5.2%), common stock (0.4%), other (37.5%)
Corporate Info
Group Affiliation
Integris Group Incorporated
Investment Rating
--
Company Address
76 South Laura Street
Jacksonville, FL 32202
Jacksonville, FL 32202
Phone Number
(904) 482-4068
NAIC Number
13793
Website
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