Major Rating Factors:
Good long-term capitalization index (6.5 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 overall results on stability tests (6.3) despite negative cash flow from operations for 2024. The largest net exposure for one risk is high at 3.1% of capital. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.9) with operating losses during 2024. Return on equity has been fair, averaging 8.2% over the past five years. Excellent liquidity (8.6) with ample operational cash flow and liquid investments.
Stability Factors:
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:
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
Largest Affiliates