Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.7) with operating losses during 2022. Return on equity has been low, averaging 1.0% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (79.0%), other (21.0%)
Licensed in:
All states except AL, AR, DC, DE, HI, IL, MD, ME, MN, MS, ND, NE, NH, NM, NY, OK, SC, SD, VA, VT
Principal Investments:
Investment grade bonds (78.9%), common stock (10.0%), non investment grade bonds (0.8%), other (10.2%)
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