Major Rating Factors:
Good overall profitability index (5.4 on a scale of 0 to 10) despite operating losses during 2024. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.8) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.2% of capital.
Other Rating Factors:
Fair reserve development (4.4) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (7.0) based on good current risk adjusted capital (severe and moderate loss scenarios). However, capital levels have fluctuated somewhat during past years.
Stability Factors:
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (76.1%), non investment grade bonds (7.3%), common stock (1.1%), cash (0.8%), other (14.8%)
Corporate Info
Group Affiliation
ProAssurance Corporation
Investment Rating
--
Company Address
3000 Meridian Boulevard
Franklin, TN 37067
Franklin, TN 37067
Phone Number
(615) 371-8776
NAIC Number
14460
Website
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