Major Rating Factors:
History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Excellent profitability index (8.6) with operating gains in each of the last five years.
Other Rating Factors:
Superior liquidity (9.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.5). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (55.8%), other (44.2%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (73.8%), common stock (14.1%), cash (0.2%), other (11.9%)
Corporate Info
Group Affiliation
National Chiropractic Mutual Holding Co
Investment Rating
--
Company Address
14001 University Avenue
Clive, IA 50325
Clive, IA 50325
Phone Number
(515) 313-4500
NAIC Number
15865
Website
Largest Affiliates