ProAssurance Amer Mutl A RRG
Major Rating Factors:
History of adequate reserve strength (6.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.4) with operating losses during 2020 and 2021. Average return on equity over the last five years has been poor at -0.5%.
Other Rating Factors:
Fair overall results on stability tests (4.7) including negative cash flow from operations for 2024. 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.
Stability Factors:
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:
DC
Principal Investments:
Investment grade bonds (79.8%), other (20.2%)
Corporate Info
Group Affiliation
ProAssurance Corporation
Investment Rating
Company Address
100 Brookwood Place
Birmingham, AL 35209
Birmingham, AL 35209
Phone Number
(205) 877-4400
NAIC Number
15647
Website
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