B
ProAssurance Indemnity Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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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. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Fair profitability index (4.8) with operating losses during 2022 and 2023. 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:
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%)
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
ProAssurance Corporation
Investment Rating
PRA
Company Address
100 Brookwood Place
Birmingham, AL 35209
Phone Number
(205) 877-4400
NAIC Number
33391
Largest Affiliates
B
San Francisco, CA - P&C
B
Franklin, TN - P&C
C
Lancaster, PA - P&C
C
Birmingham, AL - P&C
C
Chantilly, VA - P&C