Major Rating Factors:
Fair overall results on stability tests (4.5 on a scale of 0 to 10) including negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 6.2% of capital. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.1) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 25.8%. Superior liquidity (9.2) 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:
Product liab. (32.2%), other (67.8%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (85.0%), common stock (1.0%), other (14.0%)
Corporate Info
Group Affiliation
ProAssurance Corporation
Investment Rating
Company Address
4795 Meadow Wood Lane
Chantilly, VA 20153
Chantilly, VA 20153
Phone Number
(703) 652-1300
NAIC Number
22241
Website
Largest Affiliates