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).
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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:
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