ProAssurance Indemnity Co
Major Rating Factors:
Good long-term capitalization index (6.6 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. Fair reserve development (5.0) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2022 and 2023. Return on equity has been low, averaging 3.1% over the past five years.
Other Rating Factors:
Excellent liquidity (8.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (96.6%), other (3.4%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (81.5%), non investment grade bonds (6.2%), preferred stock (0.9%), real estate (0.8%), cash (0.7%), common stock (0.6%), other (9.4%)
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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