Michigan Prof Ins Exchange
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including excessive premium growth. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Weak profitability index (1.9) with operating gains in each of the last five years. Return on equity has been fair, averaging 12.4% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (9.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (100.0%)
Licensed in:
IN, MI, OH, WI
Principal Investments:
Investment grade bonds (94.2%), cash (2.1%), common stock (0.6%), other (3.1%)
Ratios
Premium to Surplus
--
Reserve to Surplus
--
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
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
Largest Affiliates