Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -0.8%. Strong long-term capitalization index (7.8) 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 liquidity (7.9) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.3). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (67.6%), work comp (1.6%), other (30.8%)
Licensed in:
All states except NY, WY
Principal Investments:
Investment grade bonds (69.0%), common stock (16.9%), non investment grade bonds (6.3%), cash (2.6%), other (5.2%)
Corporate Info
Group Affiliation
ISMIE Mutual Ins Co
Investment Rating
--
Company Address
20 North Michigan Avenue
Chicago, IL 60602
Chicago, IL 60602
Phone Number
(312) 782-2749
NAIC Number
32921
Website
Largest Affiliates