PracticeProtection Ins Co (a R
Major Rating Factors:
Vulnerable liquidity (1.5 on a scale of 0 to 10) as a spike in claims may stretch capacity. Weak overall results on stability tests (1.0) including weak results on operational trends, negative cash flow from operations for 2024 and weak risk diversification. The largest net exposure for one risk is excessive at 19.9% of capital. Fair profitability index (3.6) with operating losses during 2021, 2022, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -2.3%.
Other Rating Factors:
History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.7) 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.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (99.9%)
Licensed in:
AL
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
Practice Protection Inc
Investment Rating
--
Company Address
12276 San Jose Blvd
Jacksonville, FL 32223
Jacksonville, FL 32223
Phone Number
(888) 217-2779
NAIC Number
16189
Largest Affiliates