Major Rating Factors:
History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.3) with operating losses during 2022.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (6.9) despite. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Med mal (74.1%), other (25.9%)
Licensed in:
All states except AL, AR, DC, DE, HI, MD, ME, MN, MS, ND, NE, NH, NM, NY, OK, SC, SD, VA, VT
Principal Investments:
Investment grade bonds (78.6%), common stock (10.0%), non investment grade bonds (1.1%), cash (0.6%), other (9.7%)
Corporate Info
Group Affiliation
Physicians Ins A Mutual Co
Investment Rating
--
Company Address
601 Union Street
Seattle, WA 98101
Seattle, WA 98101
Phone Number
(206) 343-7300
NAIC Number
40738
Website
Largest Affiliates