Major Rating Factors:
Good long-term capitalization index (5.9 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.2) despite negative cash flow from operations for 2024. The largest net exposure for one risk is high at 3.3% of capital. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9) with operating losses during 2024.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (68.7%), non investment grade bonds (7.4%), cash (1.0%), common stock (0.8%), other (22.1%)
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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