Michigan Prof Ins Exchange
Major Rating Factors:
Weak profitability index (2.0 on a scale of 0 to 10). Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.6) including excessive premium growth and weak results on operational trends.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
MI, OH
Principal Investments:
Investment grade bonds (98.7%), cash (1.0%), common stock (0.2%)
Corporate Info
Group Affiliation
Curi Holdings Inc
Investment Rating
--
Company Address
7650 Edinborough Way
Minneapolis, MN 55435
Minneapolis, MN 55435
Phone Number
(800) 328-5532
NAIC Number
31429
Website
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