PROASSURANCE INDEMNTIY CO INC
Major Rating Factors:
Fair overall results on stability tests (4.5 on a scale of 0 to 10) including potential drain of affiliation with ProAssurance Corp and weak results on operational trends. The largest net exposure for one risk is conservative at 1.1% of capital. Fair profitability index (3.8) with operating losses during 2019 and 2022. Return on equity has been fair, averaging 5.1% over the past five years.
Other Rating Factors:
History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (99.4%), other (0.6%)
Licensed in:
All states except NY, PR
Principal Investments:
Investment grade bonds (77.4%), non investment grade bonds (5.2%), real estate (1.5%), common stock (0.4%), preferred stock (0.4%), other (15.1%)