Financial Strength
A.M. Best assigns an A- Rating to Advocate, MD
Founded in 1899, A.M. Best Company is the oldest and most experienced rating agency in the world. The A.M. Best rating of A- (Excellent) was assigned to Advocate, MD after completing an extensive quantitative and qualitative evaluation of the Company’s financial strength, operating performance and market profile.
The rating reflects Advocate, MD’s experienced management team, strong market position in the medical professional liability industry, outstanding capital strength, consistent policyholder retention and favorable operating performance. The rating also took into consideration the company’s aggressive claims management philosophy and proactive risk management practices.
For A.M. Best’s Ratings, an overview of the rating process and rating methodologies, visit www.ambest.com/ratings.
Financial Highlights of
Advocate, MD Insurance of the Southwest Inc.
UN-AUDITED AS OF DECEMBER 31, 2009
| Total Assets |
$1,031,483,000 |
| Total Statutory Capital and Surplus |
|
| Gross Premium Written - Q4-09 |
|
| Writing Ratio (Premium to Surplus ratio) |
.60 to 1 |
Total Claim Liabilities Including Incurred
But Not Reported (IBNR) Claims |
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Advocate, MD is a wholly owned independent subsidiary of FPIC Insurance Group (FPIC). Financial information reflects corporate data as of December 31, 2009. All rights reserved. © 2010 Advocate, MD Insurance of the Southwest Inc.
Reinsurance information for Advocate, MD only
$800,000 excess of $200,000 per claim, all with AM Best "A+" rated reinsurers
Annual Statements
2009 Annual Statement
2008 Annual Statement
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