ProAssurance Indemnity Co
Major Rating Factors:
Good long-term capitalization index (6.8 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios). Over the last several years, capital levels have remained relatively consistent. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Good overall profitability index (5.9) despite operating losses during 2022 and 2023.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.7). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Med mal (95.6%), other (4.4%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (81.8%), non investment grade bonds (6.6%), common stock (0.8%), preferred stock (0.8%), cash (0.3%), real estate (0.1%), other (9.6%)
Corporate Info
Group Affiliation
ProAssurance Corporation
Investment Rating
--
Company Address
100 Brookwood Place
Birmingham, AL 35209
Birmingham, AL 35209
Phone Number
(205) 877-4400
NAIC Number
33391
Website
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