Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with operating losses during 2021, 2023 and 2024. Average return on equity over the last five years has been poor at -0.7%. Fair overall results on stability tests (4.8) including excessive premium growth and negative cash flow from operations for 2024.
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. Superior liquidity (10.0) 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:
Med mal (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (95.7%), cash (2.6%), non investment grade bonds (0.2%), other (1.6%)
Corporate Info
Group Affiliation
Curi Holdings Inc
Investment Rating
--
Company Address
700 Spring Forest Road
Raleigh, NC 27609
Raleigh, NC 27609
Phone Number
(800) 328-5532
NAIC Number
33090
Website
Largest Affiliates