Major Rating Factors:
Poor long-term capitalization index (0.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (0.0) with operating losses during 2023 and the first six months of 2024. Return on equity has been fair, averaging 229.6% over the past five years. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years and weak results on operational trends. History of adequate reserve strength (5.0) as reserves have been consistently at an acceptable level.
Stability Factors:
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (37.8%), common stock (24.4%), non investment grade bonds (5.0%), cash (3.6%), other (29.3%)
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
Physicians Reciprocal Insurers
Investment Rating
--
Company Address
1800 Northern Boulevard
Roslyn, NY 11576
Roslyn, NY 11576
Phone Number
(516) 365-6690
NAIC Number
41467
Website
Largest Affiliates
