Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more!...

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® Analysis of Risk Retention Groups Second Quarter 2017 Demotech, Inc. September 2017 www.demotech.com Volume 7 Issue 3

Transcript of Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more!...

Page 1: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

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Analysis of Risk Retention GroupsSecond Quarter 2017

Demotech, Inc.

September 2017

www.demotech.com Volume 7 Issue 3

Page 2: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

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Call 800-354-7207 or visit www.Demotech.com/FSRBenefits

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Regional and Specialty insurers are often mistakenly thought of as financially unstable due to their size.

Financial Stability Ratings® look beyond the size of an insurer and evaluate solvency using a quantitative model based on insurance fundamentals.

Innovative thinking, strategic analysis, commitment, insight and on-going involvement with the insurance industry allow us to provide solutions as unique as your company.

Nature knows size and survival are independent.Demotech, Inc. has proven that to the insurance industry.

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A review of the reported financial results of risk retention groups (RRGs) reveals insurers that continue to collectively provide specialized coverage to their insureds while remaining financially stable. Based on reported financial information, RRGs have a great deal of

financial stability and remain committed to maintaining adequate capital to handle losses. It is important to note that ownership of RRGs is restricted to the policyholders of the RRG. This unique ownership structure required of RRGs may be a driving force in their strengthened capital position.

Balance Sheet Analysis

Since second quarter 2016, cash and invested assets (1.2 percent), total admitted assets (1.9 percent), and total liabilities (3.1 percent) all decreased. Also, over the same time period through second quarter 2017, policyholders’ surplus remained stable by only increasing .1 percent. These reported results indicate that RRGs are adequately capitalized in aggregate and able to remain solvent if faced with adverse economic conditions or increased losses. The level of policyholders’ surplus becomes increasingly important in times of difficult economic conditions by allowing an insurer to remain solvent when facing uncertain economic conditions.

Liquidity, as measured by liabilities to cash and invested assets, for second quarter 2017 was 68.1 percent. A value less than 100 percent is considered favorable as it indicates that there was more than a dollar of net liquid assets for each dollar of total liabilities.

Loss and loss adjustment expense (LAE) reserves represent the total reserves for unpaid losses and LAE. This includes reserves for any incurred but not reported losses as well as supplemental reserves established by the company. The cash and invested assets to loss and LAE reserves ratio measures liquidity in terms of the carried reserves. The cash and invested assets to loss and LAE

reserves ratio for second quarter 2017 was 214.6 percent. These results indicate that RRGs remain conservative in terms of liquidity.

In evaluating individual RRGs, Demotech, Inc. prefers companies to report leverage of less than 300 percent. Leverage for all RRGs combined, as measured by total liabilities to policyholders’ surplus, for second quarter 2017 was 149.8 percent. The loss and LAE reserves to policyholders’ surplus ratio for second quarter 2017 was 102.5 percent. The higher the ratio of loss reserves to surplus, the more an insurer’s stability is dependent on having and maintaining reserve adequacy.

Regarding RRGs collectively, the ratios pertaining to the balance sheet appear to be appropriate and conservative.

Premium Written Analysis

Since RRGs are restricted to liability coverage, they tend to insure medical providers, product manufacturers, law enforcement officials and contractors, as well as other professional industries.

RRGs collectively reported over $1.9 billion of direct premium written (DPW) through second quarter 2017, a decrease of nearly 1 percent over second quarter 2016. RRGs reported over $1.1 billion of net premium written (NPW) through second quarter 2017, a decrease of 7.1 percent over second quarter 2016.

The DPW to policyholders’ surplus ratio for RRGs collectively through second quarter 2017 was 83.4 percent. The NPW to policyholders’ surplus ratio for RRGs through second quarter 2017 was 48.6 percent. Please note that these ratios have been adjusted to reflect projected annual DPW and NPW based on second quarter results.

An insurer’s DPW to surplus ratio is indicative of its policyholders’ surplus leverage on a direct basis, without consideration for the effect of reinsurance. An insurer’s NPW to surplus ratio is indicative of its policyholders’ surplus leverage on a net basis. An insurer relying heavily on reinsurance will have a large disparity in these two ratios.

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RRGs Remain Financially Stable Despite Underwriting Losses Financial analysis of Risk Retention Groups based on reported historical results.

Douglas A Powell | Senior Financial Analyst, Demotech, Inc.

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A DPW to surplus ratio in excess of 600 percent would subject an individual RRG to greater scrutiny during the financial review process. Likewise, a NPW to surplus ratio greater than 300 percent would subject an individual RRG to greater scrutiny. In certain cases, premium to surplus ratios in excess of those listed would be deemed appropriate if the RRG had demonstrated that a contributing factor to the higher ratio is relative improvement in rate adequacy.

In regards to RRGs collectively, the ratios pertaining to premium written appear to be conservative.

Income Statement Analysis

RRGs collectively reported a $9.7 million underwriting loss through second quarter 2017. However, RRGs collectively reported a net investment gain of nearly $124 million and a net income of $95.4 million. RRGs have collectively reported a net income at each year-end since 1996.

The loss ratio for RRGs collectively, as measured by losses and loss adjustment expenses incurred to net premiums earned, through second quarter 2017 was 73.5 percent. This ratio is a measure of an insurer’s underlying profitability on its book of business.

The expense ratio, as measured by other underwriting expenses incurred to net premiums written, through second quarter 2017 was 19.1 percent. This ratio measures an insurer’s operational efficiency in underwriting its book of business.

The combined ratio, loss ratio plus expense ratio, through

second quarter 2017 was 92.6 percent. This ratio measures an insurer’s overall underwriting profitability. A combined ratio of less than 100 percent typically indicates an underwriting profit.

Regarding RRGs collectively, the ratios pertaining to income statement analysis appear to be appropriate. Moreover, these ratios have remained within a profitable range.

Conclusions Based on Second Quarter 2017 Results

Despite political and economic uncertainty, RRGs remain financially stable and continue to provide specialized coverage to their insureds. The financial ratios calculated based on the reported results of RRGs appear to be reasonable, keeping in mind that it is typical and expected that insurers’ financial ratios tend to fluctuate over time.

The results of RRGs indicate that these specialty insurers continue to exhibit financial stability. It is important to note again that while RRGs have reported net income, they have also continued to maintain adequate loss reserves while increasing premium written year over year. RRGs continue to exhibit a great deal of financial stability.

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The reported results of RRGs indicate that these specialty insurers continue to exhibit financial stability.

Douglas Powell supports the formulation and assignment of Financial Stability Ratings® by providing analysis of statutory financial statements and business information. He also performs financial and operational and peer group analyses, as well as benchmark studies for client companies. Email your questions or comments to [email protected].

The ratios, percentages and calculations contained herein have been compiled from data considered reliable or are expressions of opinion. They are not intended to be complete, and we do not assume responsibility for the accuracy of the data prepared or provided by others. No ratio or other presentation herein constitutes or shall be considered as a recommendation to enter in a contractual relationship, is meant as an offer to sell dispose of any securities, or is a solicitation to buy the securities of any of the companies included in the listing.

ISSN 2168-7013 (online) Published June 29, 2017 COPYRIGHT©

2017 Demotech, Inc.

Special thank you to the following people for their past and current commitment:

James Cutts | Publisher, Risk Retention Reporter

Joseph Deems | Executive Director, National Risk Retention Association

Melissa-Anne Duncan | Executive Director,

Insurance Industry Charitable Foundation

Keith Enslow | Senior Program Manager, SNL Center for Financial Education

Barry Koestler | Chief Ratings Officer, Demotech, Inc.

Mechlin Moore | Communications Director,

National Risk Retention Association

Paul Osborne | Senior Consultant, Demotech, Inc.

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Company Information and Financial Results

Risk Retention Groups

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NAIC # COMPANY FSR

Financial Stability Ratings (FSRs) - Risk Retention Groups®

as of 9/25/2017

12252 AEGIS Healthcare RRG, Inc. A

11710 Allied Professionals Insurance Company, RRG A

12631 American Builders Insurance Company RRG, Inc. A

11598 Applied Medico-Legal Solutions RRG, Inc. A'

33677 Attorneys Insurance Mutual of the South, Inc RRG A

11825 CARE RRG, Inc. A

11976 Centurion Medical Liability Protective RRG, Inc. A

14388 Cherokee Guarantee Company Inc., RRG A

10075 Consumer Specialties Insurance Company RRG A

11798 Continuing Care RRG, Inc. A

15893 Doctors Professional Liability RRG, Inc. A

14163 Emergency Capital Management, LLC, RRG A

12003 Emergency Medicine Professional Assurance Company RRG (EMPAC) A

11714 Emergency Physicians Insurance Exchange RRG (EPIX) A

11832 Health Care Industry Liability Reciprocal Insurance Company, RRG A

13014 Lancet Indemnity Risk Retention Group, Inc. A

11999 Midwest Insurance Group, Inc., a Risk Retention Group A

11806 National Assisted Living RRG, Inc. A

10234 National Service Contract Insurance Company (RRG) A

44130 Paratransit Insurance Company, RRG A'

11973 PCH Mutual Insurance Company, RRG A

16088 SeniorsFirst Risk Retention Group, Inc. A

13557 Sigma RRG, Inc. A

10754 Spirit Mountain Insurance Company RRG, Inc A

14026 Sunland Risk Retention Group, Inc. A

11958 Trinity Risk Solutions Reciprocal Insurance Company RRG A

The most current FSRs must be verified by visiting www.demotech.com.

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Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP

12934 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

WAYNE WHEELER (802) 264-4575 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

ADVANCED PHYSICIANS INS RRG INC12166 2700 NORTH THIRD STREET, SUITE 3050, PHOENIX, AZ 85004-4620

EDWARD LEE CALDWELL (602) 200-6900 AZPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

AEGIS HEALTHCARE RRG, INC.12252 555 FAIRMOUNT AVENUE, BALTIMORE, MD 21286

ANGELA STODDARD 410-339-7263 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP13677 30 MAIN STREET, SUITE 330, BURLINGTON, VT 05401-8427

ANNE MARIE BUECHE (802) 658-9405 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP13606 1010 WEST CHARLESTON BOULDEVARD LAS VEGAS, NV 89135

RICK O'BRIEN (702) 938-3175 NVPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

AGRI INSURANCE EXCHANGE RRG28380 5825 LAWTON LOOP EAST DRIVE INDIANAPOLIS, IN 46216-1064

KEVIN MANDEVILLE (317) 541-1800 INPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

ALLEGIANT INS CO INC A RRG11965 745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3800

ANNIE WOO (808) 585-3594 HIPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

ALLIANCE OF NONPROFITS FOR INS RRG10023 2418 AIRPORT ROAD, SUITE 2A, BARRE, VT 05641-8702

CINDY L. LYFORD (802) 371-2227 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

ALLIED PREMIER INSURANCE A RRG15639 1130 WEST OLIVE AVENUE, SECOND FLOOR, BURBANK, CA 91506-2214

BRIAN JOHNSTON (215) 805-0272 CTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 1100 W. TOWN & COUNTRY RD., STE. 1400, ORANGE, CA 92868

DOUGLAS JOSEPH HAUSER 714-571-1864 AZPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

ALLIED SERVICES RISK RETENTION GROUP12013 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384

LEN T. LOGAN (877) 872-7475x SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

AMERICAN ASSOC OF OTHODONTISTS RRG10232 2418 AIRPORT ROAD, SUITE 2A, BARRE, VT 05641-8702

REBECCA J. AITCHISON (802) 371-2229 AZPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 5151 HAMPSTEAD HIGH STREET, SUITE 200, MONTGOMERY, AL 36116

SCOTT STONE 615-250-7701 ALPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

AMERICAN CONTRACTORS INS CO RRG12300 2600 NORTH CENTRAL EXPRESSWAY, SUITE 800, RICHARDSON, TX 75080-2064

JENNIFER STEUK (800) 563-6051 TXPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

AMERICAN EXCESS INS EXCHANGE RRG10903 12544 HIGH BLUFF DRIVE, SUITE 430, SAN DIEGO, CA 92130-3052

KATHRYN MICHENER BOUCHER (802) 863-4400 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

AMERICAN FOREST CASUALTY COMPANY RRG11590 1605 MAIN STREET, SUIT 800, SARASOTA, FL 34236-5840

TERESA MARIE MATTHEWS (941) 373-1162 VTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

AMERICAN RISK MGMT RRG INC.15853 263 KING STREET, SUITE C, CHARLESTON, SC 29401-1420

MATTHEW G. WATSON (843) 853-0446 TNPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

AMERICAN SAFETY RRG INC25448 1899 POWERS FERRY ROAD, SUITE 460, ATLANTA, GA 30339-5748

DUSTIN K. PARTLOW (802) 391-3083 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

Analysis of Risk Retention Groups

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Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG11534 111 NORTH HIGGINS AVENUE, SUITE 300A, MISSOULA, MT 59802-4401

PATRICIA LORRAINE MALONEY- (406) 523-3908 MTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

AMERIGUARD RRG INC12171 2418 AIRPORT ROAD, SUITE 2A, BARRE, VT 05641-8702

CINDY L. LYFORD (802) 371-2227 VTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

A-ONE COMMERCIAL INSURANCE RISK RETENTION GROUP, INC.15597 150 FOURTH AVENUE, NORTH, SUITE 1100, ONE NASHVILLE PLACE, NASHVILLE, TN 37219-2475

MARY ELIZABETH GAROFALO (941) 373-1114 TNPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 2555 E. CAMELBACK RD., PHOENIX, AZ

LEE MILIZIA 623-427-3208 AZPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

ARCHITECTS & ENGINEERS INS CO RRG44148 2056 WESTINGS AVENUE, SUITE 20, NAPERVILLE, IL 60563-2495

MICHAEL T. IANNOTTI (800) 437-2342 DEPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

ARCOA RISK RETENTION GROUP, INC.13177 5555 KIETZKE LANE, SUITE 100, RENO, NV 89511-2096

MICHAEL JOHN HAGGERTY (602) 263-6582 NVPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP13580 1700 EASTPOINT PARKWAY LOUISVILLE, KY 40223-4140

SUSAN LEDFORD (502) 244-1343 KYPhoneStatement Contact Primary Line of BusinessBoiler and Machinery Domiciled

ASPEN SPECIALTY RISK RETENTION GROUP, INC.15354 100 BANK STREET, SUITE 500, BURLINGTON, VT 05401-4699

DAVID D. GUERINO (802) 264-2060 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 263 KING STREET, SUITE C, CHARLESTON, SC 29401-1420

MATTHEW G. WATSON (843) 853-0446 SCPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

ASSOCIATION OF CERTIFIED MORTGAGE ORIGINATORS RISK RETENTION GROUP, INC.

14425 9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042

LINDA VILLANI (941) 373-1116 NVPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

ATTORNEYS INSURANCE MUTUAL OF THE SOUTH, INC RRG33677 200 INVERNESS PARKWAY, BIRMINGHAM, AL 35242-4813

SANDRA MCDONALD 205-980-0009 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

ATTORNEYS INSURANCE MUTUAL RRG INC22670 150 BANK STREET, SECOND FLOOR, BURLINGTON, VT 05401-4411

KAREN M. VENNER (802) 735-0113 HIPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 311 SOUTH WACKER DRIVE, SUITE 5700, CHICAGO, IL 60606-6629

KEITH RUSSELL CRAVEN (312) 697-6950 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

ATTORNEYS LIAB PROTECTION SOC RRG32450 FLORENCE BUILDING, 111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401

MARY PATRICIA NORDHAGEN (406) 728-3113 MTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 1050 K STREET, NW, SUITE 400, WASHINGTON, DC 20001-4448

GARRETT JAMES DAVENPORT (260) 486-0418 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307

TROY WINCH (800) 226-0793 NVPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 111 NORTH HIGGINS AVENUE, SUITE 300A, MISSOULA, MT 59802-4401

DANIEL JOHN SEMAN (406) 541-2876 MTPhoneStatement Contact Primary Line of BusinessProduct Liability (Occurrence) Domiciled

Analysis of Risk Retention Groups

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Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

BAR VERMONT RISK RETENTION GROUP INC10174 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

MICHELE DURHAM (802) 264-4705 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

BAY INSURANCE RISK RETENTION GROUP, INC.15582 146 FAIRCHILD STREET, SUITE 135, CHARLESTON, SC 29492-8231

STEPHEN E. MCCARTHY (802) 652-1569 SCPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

BEACONHARBOR MUTUAL RISK RETENTION GROUP14487 ONE CITY CENTER PORTLAND, ME 04101-4009

BARBARA T. SINCLAIR (207) 775-2791 MEPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 100 BANK STREET, SUITE 500, BURLINGTON, VT 05401-4699

ERIN N. DUFFY (802) 264-2067 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP13010 9550 SOUTH EASTERN AVENUE LAS VEGAS, NV 89123-8038

MICHAEL T. ROGERS (702) 678-6868 NVPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

BROADLINE RISK RETENTION GROUP, INC.13788 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

AARON P. CIULLO (802) 864-2747 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

BTTS INSURANCE RISK RETENTION GROUP, INC.15591 146 FAIRCHILD STREET, SUITE 135, CHARLESTON, SC 29492-8231

STEPHEN E. MCCARTHY (802) 652-1569 SCPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

C.A.R. RISK RETENTION GROUP, INC.15921 725 COOL SPRINGS BOULEVARD, SUITE 600, FRANKLIN, TN 37067-2716

RAMON ROBERT RAMOS V (802) 371-2275 TNPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

CALIFORNIA HEALTHCARE INS CO INC RRG44504 9229 SIERRA COLLEGE BOULEVARD ROSEVILLE, CA 95661-5919

JEFFREY DUECK (916) 772-5110 HIPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CALIFORNIA MEDICAL GRP INS CO RRG12180 2929 NORTH CENTRAL AVENUE, SUITE 1700, PHOENIX, AZ 85012-2761

MATTHEW D. R. TAKAMINE (808) 521-1121 AZPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CARE RRG, INC.11825 2233 WISCONSIN AVE, N.W., SUITE 310, WASHINGTON, DC 20007

LINDA VILLANI 941-373-1116 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CAREGIVERS UNITED LIAB INS CO RRG11544 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384

KIM CONNELLY BLOOMER (802) 371-2251 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP12373 1850 WEST WINCHESTER ROAD, SUITE 109, LIBERTYVILLE, IL 60048-5355

CHAD CURTIS SWIGERT (847) 549-8225 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CASSATT RISK RETENTION GROUP INC10808 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

SCOTT ANDREW MAILLE (802) 264-4711 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CENTRAL PA PHYSICIANS RRG INC11694 263 KING STREET, SUITE C, CHARLESTON, SC 29401-1420

MATTHEW G. WATSON (843) 853-0446 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 2700 N. THIRD STREET, SUITE 3050, PHOENIX, AZ

GEMMA TUANQUI 941-373-1144 AZPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CHEROKEE GUARANTEE COMPANY INC., RRG14388 18835 N. THOMPSON PEAK PARKWAY, SUITE 210, SCOTTSDALE, AZ 85255

TEMPERANCE WICK ROBINS 480-320-2978- AZPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CIRCLE STAR INS CO RRG11839 58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324

RENEE LAGUE (802) 479-7803 VTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

Analysis of Risk Retention Groups

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Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

CLAIM PROFESSIONALS LIAB INS CO RRG12172 2418 AIRPORT ROAD, SUITE 2A, BARRE, VT 05641-8702

ANITA M. PERKINS (802) 371-2219 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

CLARIAN HLTH RRG INC11992 340 WEST 10TH STREET, SUITE 3100, INDIANAPOLIS, IN 46202-3082

TONIA A. EPPS (843) 577-1034 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Occurrence) Domiciled

CMIC RISK RETENTION GROUP13756 2418 AIRPORT ROAD, SUITE 2A, BARRE, VT 05641-8702

MICHELE EMMONS (802) 371-2221 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

COLLEGE LIABILITY INS CO A RECIP RRG44598 745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3810

TONI S. KANEHIRA (808) 585-3584 HIPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

COLLEGE RISK RETENTION GROUP, INC.13613 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

JENNIFER L. PETTENGILL (802) 864-2111 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

COLUMBIA NATIONAL RRG INC10803 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

JOHN H. RAYMOND (802) 864-2751 VTPhoneStatement Contact Primary Line of BusinessWarranty Domiciled

COMCARE PRO INS RECIPROCAL RRG11864 30 MAIN STREET, SUITE 330, BURLINGTON, VT 05401-8427

ANNE MARIE BUECHE (802) 658-9405 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

COMMERCIAL HIRECAR INSURANCE COMPANY, A RISK RETENTION GROUP15836 725 COOL SPRINGS BOULEVARD, SUITE 600, FRANKLIN, TN 37067-2702

RAMON ROBERT RAMOS V (802) 371-2275 TNPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

COMMUNITIES OF FAITH RRG INC11807 2711 MIDDLEBURG DRIVE, SUITE 309-A, COLUMBIA, SC 29204-2475

MARY ELIZABETH GAROFALO (941) 373-1114 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

COMMUNITY BLOOD CENTERS EXCH RRG13893 2600 MEIDINGER TOWER, 462 SOUTH FOURTH STREET, LOUISVILLE, KY 40202-3452

JEREMY TODD ROSENBAUM (502) 882-4459 INPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

COMMUNITY CARE RISK RETENTION GROUP, INC.15798 711 TROY-SCHENECTADY ROAD, SUITE 201, LATHAM, NY 12110-2461

JAY E. CURTIS (802) 264-2073 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

COMMUNITY HEALTH ALLIANCE RECIP RRG11536 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

MELISSA H. LAROSE (802) 864-1716 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

COMMUNITY HOSPITAL RRG11259 2551 WASHINGTON ROAD OFFICE, SUITE 810, UPPER SAINT CLAIR, PA 15241-2513

DONNA B. NORMAND (412) 212-3476 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

COMPASS SPECIALTY INSURANCE RISK RETENTION GROUP, INC.15867 525 ROUTE 73 NORTH, SUITE 218, MARLTON, NJ 08053-3422

DEBRA GAGLIOTI (888) 305-8889 TNPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

CONSUMER SPECIALTIES INSURANCE COMPANY RRG10075 2418 AIRPORT ROAD, SUITE 2A, BARRE, VT 05641

PAULA FRENCH 802-371-2321 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

CONTINUING CARE RRG, INC.11798 58 EAST VIEW LANE, SUITE 2, BARRE, VT 05641-0000

STEVE BEVINS 802-479-7802 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CONTRACTORS INS CO OF NORTH AMER RRG11603 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929

STACEY GIBBS (802) 264-4588 HIPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

CONTROLLED RISK INS CO OF VT RRG10341 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

BECKI M. MINOLI (802) 264-4576 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

Analysis of Risk Retention Groups

Page 11: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

COPIC, A RISK RETENTION GROUP14906 263 KING STREET, SUITE C, CHARLESTON, SC 29401-1420

SHARON GRIMES (802) 371-2220 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

COUNTY HALL INSURANCE COMPANY, INC., A RISK RETENTION GROUP15947 401 NORTH TRYON STREET, 10TH FLOOR, CHARLOTTE, NC 28202-2101

DANIEL ERIC GEORGE (941) 587-1000 NCPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

COVERYS RRG, INC.14160 ONE FINANCIAL CENTER, 13TH FLOOR, BOSTON, MA 02111-2621

MICHAEL RICHARD GABREE (617) 428-9888 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CPA MUTUAL INS CO OF AMERICA RRG10164 4923 NORTHWEST 43RD STREET, SUITE C, GAINESVILLE, FL 32606-4460

DAVID CARLETON TATLOCK (802) 861-3227 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

CROSSFIT RISK RETENTION GROUP, INC.13720 111 NORTH SEPULVEDA BOULEVARD, SUITE 325, MANHATTAN BEACH, CA 90266-6849

TONY JAMES SCHMIDT (808) 988-3215 MTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

CRUDEN BAY RRG INC11676 2418 AIRPORT ROAD, SUITE 2A, BARRE, VT 05641-8702

RACHEL REYNOLDS (802) 371-2218 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 159 BANK STREET, FOURTH FLOOR, BURLINGTON, VT 05401-4479

DAVID CARLETON TATLOCK (802) 861-3227 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

DAN RISK RETENTION GROUP, INC.15928 1327 ASHLEY RIVER ROAD, SUITE 200C, CHARLESTON, SC 29407-5386

KIM CONNELLY BLOOMER (802) 371-2251 SCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

DOCTORS COMPANY RISK RETENTION GROUP, A RECIPROCAL EXCHANGE14347 185 GREENWOOD ROAD NAPA, CA 94558-6270

DOUGLAS CHARLES WILL (707) 226-0100 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Occurrence) Domiciled

DOCTORS PROFESSIONAL LIABILITY RRG, INC.15893 1605 MAIN STREET, SUITE 800, SARASOTA, FL 34236

TERESA MATTHEWS 800-226-0793 NCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

DUBOIS MEDICAL RRG11842 1090 VERMONT AVENUE, NW WASHINGTON, DC 20005-4905

BRIAN S. KLINE (814) 375-6377 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

EASTERN DENTISTS INS CO RRG10115 159 BANK STREET, FOURTH FLOOR, BURLINGTON, VT 05401-4479

KAREN L. MAHONEY (802) 383-0419 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

ELITE TRANSPORTATION RRG INC10125 58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324

ANDREW CARLTON (941) 373-1113 VTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

EMERGENCY CAPITAL MANAGEMENT, LLC, RRG14163 1444 I STREET, NW, SUITE 950, WASHINGTON, DC 20005

MELISSA ANNE HANCOCK 202-802-1439- VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)12003 9550 S. EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123

ANDREW CARLTON 941-373-1113 NVPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

EMERGENCY PHYSICIANS INSURANCE EXCHANGE RRG (EPIX)11714 13620 LINCOLN WAY, SUITE 230, AUBURN, CA 95603

MICHAEL ANDREW KOLLATH 916-772-2080 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

EVERGREEN USA RRG INC38466 10 FALCON ROAD LEWISTON, ME 04240-5833

ERIC GILCRIS (802) 264-4577 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

EXCELA RECIPROCAL RRG15337 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

MELISSA H. LAROSE (802) 864-1716 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

Analysis of Risk Retention Groups

Page 12: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

FAIRWAY PHYSICIANS INS CO RRG11840 29899 AGOURA ROAD, SUITE 110, AGOURA HILLS, CA 91301-2493

ROBERT KENNETH WILEY (818) 889-7240 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

FIRST MEDICAL INS CO RRG11278 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

SHERYL L. LESLIE (802) 864-6369 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Occurrence) Domiciled

FORT WAYNE MEDICAL SURETY COMPANY, RRG12625 2555 EAST CAMELBACK ROAD, SUITE 700, PHOENIX, AZ 85016-4264

STEPHANIE ANN LEFKOWSKI (602) 427-3287 AZPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

FRANKLIN CASUALTY INS CO RRG10842 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

DELISCA A. CHRISTIAN (802) 864-2110 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

FREDERICKSBURG PROFESSIONAL RISK EXC12016 2386 AIRPORT ROAD BARRE, VT 05641-8629

REBECCA J. AITCHISON (802) 371-2229 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

GABLES RISK RETENTION GROUP, INC.14032 100 BANK STREET, SUITE 500, BURLINGTON, VT 05401-4699

JAY E. CURTIS (802) 264-2073 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

GEISINGER INS CORP RRG12000 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

MICHELLE MURPHY (802) 862-4400 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

GERIC INSURANCE RISK RETENTION GROUP, INC.13782 THREE CALEDON COURT, SUITE A, GREENVILLE, SC 29615-3192

PHILLIP M. BARNHILL (802) 371-2271 HIPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

GLOBAL HAWK INSURANCE COMPANY RRG11948 CHACE MILL, ONE MILL STREET, SUITE 324, BURLINGTON, VT 05401-1523

STEPHEN MARK BROWN (802) 497-2740 VTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

GOLDEN INS CO RRG11145 18835 NORTH THOMPSON PEAK PARKWAY, SUITE 210, SCOTTSDALE, AZ 85255-6254

NANCY VELASQUEZ (303) 469-8450 NVPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 146 FAIRCHILD STREET, SUITE 135, CHARLESTON, SC 29492-8231

GERGANA N. PENCHEVA (843) 614-3143 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.13973 9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042

ANDREW CARLTON (941) 373-1113 NVPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

GRACO RRG INC11581 P.O. BOX 22556 CHARLESTON, SC 29413-2556

COURTNEY CHRISTINE FLYNN (843) 414-9714 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

GREEN HILLS INS CO RRG11941 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

JEFFREY M. TUCKER (802) 864-5599 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

GUARDIAN RRG INC11696 100 MAIN STREET, SUITE 500, BURLINGTON, VT 05401-8475

HOLLY WAGNER (406) 420-3050 MTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

GUTHRIE RRG12014 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238

JASON MCMILLAN (843) 577-1031 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

HAMDEN ASSURANCE RRG, INC.13057 30 MAIN STREET, SUITE 330, BURLINGTON, VT 05401-8427

JACQUELINE MARIE COURVILL (802) 658-9405 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

HEALTH CARE CAS RRG INC12236 8725 WEST HIGGINS ROAD, SUITE 810, CHICAGO, IL 60631-2734

JOSEPH ROGER HERMAN (773) 864-8280 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

Analysis of Risk Retention Groups

Page 13: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

HEALTH CARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG11832 130 S. FIRST STREET, 4TH FLOOR, ANN ARBOR, MI 48104

PETER M FEENEY 734 996-2700 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Occurrence) Domiciled

HEALTH NETWORK PROVIDERS MUT INS CO11813 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104

STEVE BEVINS (802) 479-7802 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

HEALTH PROVIDERS INS RECIPROCAL RRG10080 1003 BISHOP STREET, SUITE 1220, HONOLULU, HI 96813-6436

JASON L. PALMER (808) 271-6627 HIPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

HEALTHCARE PROVIDERS INS CO RRG11683 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384

GEOFFREY LEWIS SALMON (404) 835-0454 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

HOME CONSTRUCTION INS CO RRG11950 9950 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-0001

MARY ELIZABETH GAROFALO (941) 373-1114 NVPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

HOSPITALITY RISK RETENTION GROUP, INC.16038 58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324

PAMELA LANESE (941) 373-1147 VTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

HOUSING AUTHORITY RRG INC26797 189 COMMERCE COURT CHESHIRE, CT 06410-1253

NICOLE M. JORDAN (203) 272-8220x VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

HPIC RISK RETENTION GROUP15866 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384

GEOFFREY LEWIS SALMON (404) 835-0454 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 1401 H STREET, NW, SUITE 1000, WASHINGTON, DC 20005-2031

MICHAEL ANTHONY HEISER (202) 326-5360 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

INDIANA HEALTHCARE RECIP RRG11692 100 BANK STREET, SUITE 500, BURLINGTON, VT 05401-4699

ALIHAN ALIHAN (802) 658-9466 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

INNOVATIVE PHYSICIAN SOLUTIONS RRG12320 100 BANK STREET, SUITE 500, BURLINGTON, VT 05401-4699

AMANDA R. WESCOTT (802) 658-9466 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Occurrence) Domiciled

IQS INSURANCE RISK RETENTION GROUP, INC.15080 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

ANDREW HAMME (802) 264-4592 VTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

IRONSHORE RISK RETENTION GROUP, INC.14375 1341 G STREET, NW, FLOOR 10, WASHINGTON, DC 20005-3105

MELISSA ANNE HANCOCK (202) 802-1439 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

J.M. WOODWORTH RRG, INC.12594 1100 WEST TOWN & COUNTRY ROAD, SUITE 1400, ORANGE, CA 92868-4655

DOUGLAS JOSEPH HAUSER (714) 571-1864 NVPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

KENTUCKIANA MEDICAL RECIPROCAL RRG11872 201 EAST JEFFERSON STREET, SUITE 201B, LOUISVILLE, KY 40202-1286

TANJA KORFF (802) 864-2752 KYPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

KENTUCKY HOSPITAL INS CO RRG11939 2501 NELSON MILLER PARKWAY LOUISVILLE, KY 40223-2221

APRIL NICOLE SMITH (502) 992-4329 KYPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

LAKE STREET RRG INC11803 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

DANIEL S. SCOTT (802) 862-4400 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

LAMMICO RRG, INC.14444 ONE GALLERIA BOULEVARD, SUITE 700, METAIRIE, LA 70001-7510

THOMAS LANE MCCORMICK (504) 831-3756 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

Analysis of Risk Retention Groups

Page 14: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 9550 S. EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123

ANDREW CARLTON 800-226-0793 NVPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

LONE STAR ALLIANCE, INC., A RISK RETENTION GROUP15211 PLAZA V, 901 SOUTH MOPAC EXPRESSWAY, SUITE 500, AUSTIN, TX 78746-5776

BRETT PAUL LAROCK (512) 425-5800 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

LVHN RRG11684 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238

MANNU LUO (843) 577-1035 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP12554 1925 LOVERING AVENUE WILMINGTON, DE 19806-2157

COURTNEY CHRISTINE FLYNN (843) 414-9714 DEPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

MARATHON FIN INS CO INC RRG11117 1476 NORTH GREEN MOUNT ROAD O'FALLON, IL 62269-3465

CHRISTINA GIBSON (800) 205-8988 DEPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

MCIC VERMONT INC RRG10697 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

DIANE M. HANSON (802) 652-1571 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

MD RISK RETENTION GROUP, INC.12355 805 MADISON STREET, SUITE 901, SEATTLE, WA 98104-1172

PAUL A. FROMENT (406) 282-0170 MTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

MED MAL RISK RETENTION GROUP, INC.14446 741 COOL SPRINGS BOULEVARD FRANKLIN, TN 37067-2750

JENNIFER MERANDA (615) 375-9002 TNPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

MEDAMERICA MUTUAL RRG INC26257 3000 OAK ROAD, SUITE 600, WALNUT CREEK, CA 94597-2071

CHRISTOPHER PAUL MERTES (925) 949-0101 HIPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

MEDCHOICE RISK RETENTION GROUP, INC.15738 40 JUNE WAY MILTON, VT 05468-3529

JONATHAN J. MCKENZIE (855) 326-3408 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

MEDPRO RRG RISK RETENTION GROUP13589 1050 K STREET, NW, SUITE 400, WASHINGTON, DC 20001-4448

GARRETT JAMES DAVENPORT (260) 486-0418 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

MENTAL HEALTH RISK RETENTION GROUP44237 389 INTERPACE PARKWAY, FOURTH FLOOR, PARSIPPANY, NJ 07054-1132

RICHARD WELLS (802) 863-2398 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

MICA RISK RETENTION GROUP, INC.15527 2602 EAST THOMAS ROAD PHOENIX, AZ 85016-8202

MATTHEW G. WALKER (602) 808-2171 DCPhoneStatement Contact Primary Line of Business Domiciled

MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT

THAO T NGUYEN 802-391-3082 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

MLM RISK RETENTION GROUP, INC.16026 333 SOUTH SEVENTH STREET, SUITE 2200, MINNEAPOLIS, MN 55402-2451

SCOTT A. TURNER (612) 341-4530 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

MMIC RRG, INC.14062 7701 FRANCE AVENUE, SOUTH, SUITE 500, MINNEAPOLIS, MN 55435-5288

JON GARY BEHNKEN (952) 838-6766 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

PETER A. JOY (802) 862-4400 VTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

MOUNTAIN LAUREL RRG INC11547 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

JOAN M. HUSSEY (802) 864-2744 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

Analysis of Risk Retention Groups

Page 15: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

MOUNTAIN STATES HEALTHCARE RECIP RRG11585 100 BANK STREET, SUITE 500, BURLINGTON, VT 05401-4699

JARED PALARDY (802) 264-2072 MTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

NASW RISK RETENTION GROUP, INC.14366 1401 EYE STREET, NW, SUITE 600, WASHINGTON, DC 20005-2225

THOMAS P. ADAMCZAK (802) 660-7706 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

NATIONAL ASSISTED LIVING RRG, INC.11806 3740 DAVINCI COURT, STE. 130, NORCROSS, GA 30092

ROSE PATRICK 770-255-4913 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

NATIONAL BUILDERS & CONTRACTORS INS12235 9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042

JUTHAMAS LEE EVERETT (800) 226-0793 NVPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

NATIONAL CATHOLIC RRG10083 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476

DUSTIN K. PARTLOW (802) 391-3083 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

NATIONAL GUARDIAN RISK RETENTION GROUP36072 737 BISHOP STREET, SUITE 2100, HONOLULU, HI 96813-3280

PHILLIP M. BARNHILL (802) 371-2271 HIPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Occurrence) Domiciled

NATIONAL HOME INSURANCE CO RRG44016 3025 SOUTH PARKER ROAD, SUITE 711, AURORA, CO 80014-2925

HUGH B. MCCREERY (303) 306-0002 COPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

NATIONAL INDEPENDENT TRUCKERS IC RRG11197 610 WEST SAINT GEORGES AVENUE, SUITE 618, LINDEN, NJ 07036-5646

NICOLE S. HUBLER (802) 371-2249 SCPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.12529 146 FAIRCHILD STREET, SUITE 135, CHARLESTON, SC 29492-8231

GERGANA N. PENCHEVA (843) 614-3143 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007

RENEE LAGUE 802-479-7803 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

NATIONAL TRANSPORTATION INSURANCE COMPANY RISK RETENTION GROUP, LLC16011 1620 PROVIDENCE ROAD TOWSON, MD 21286-1525

MARY CLAIRE GOFF (877) 587-1763 NCPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

NCMIC RISK RETENTION GROUP, INC.14130 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476

DUSTIN K. PARTLOW (802) 391-3083 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP13792 10375 EAST HARVARD AVENUE, SUITE 100, DENVER, CO 80231-3966

TINA NGUYEN (720) 747-6119 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

NEW STAR RISK RETENTION GROUP, INC.12532 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238

TONIA A. EPPS (843) 577-1034 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 1001 PENNSYLVANIA AVENUE, NW, SUITE 400 SOUTH, WASHINGTON, DC 20004-2505

LINDA VILLANI (941) 373-1116 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

OASIS RECIPROCAL RISK RETENTION GROUP13644 100 BANK STREET, SUITE 500, BURLINGTON, VT 05401-4699

GARY A. GRISWOLD (802) 658-9466 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

OCEANUS INS CO A RRG12189 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384

LEN T. LOGAN (877) 872-7475x SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

OMS NATL INS CO RRG44121 6133 NORTH RIVER ROAD, SUITE 650, ROSEMONT, IL 60018-5173

KATHERINE ANN EHMANN (847) 653-8730 ILPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

Analysis of Risk Retention Groups

Page 16: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

ONYX INSURANCE COMPANY, INC., A RISK RETENTION GROUP15208 575 S SALIMAN ROAD, CARSON CITY, NV 89701

RENEA LOUIE 775-887-2480 TNPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

OOIDA RISK RETENTION GROUP INC10353 58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324

STEVE BEVINS (802) 479-7802 VTPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

OPHTHALMIC MUTUAL INS CO RRG44105 655 BEACH STREET SAN FRANCISCO, CA 94109-1336

LES J. SCACCALOSI (415) 202-4618 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

ORANGE COUNTY MEDICAL RECIP INS RRG12183 2929 NORTH CENTRAL AVENUE, SUITE 1700, PHOENIX, AZ 85012-2761

MARY ELIZABETH GAROFALO (941) 373-1114 AZPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

ORTHOFORUM INSURANCE COMPANY (A RISK RETENTION GROUP)14260 1441 MAIN STREET, SUITE 806, COLUMBIA, SC 29201-2848

THERESA MAE CARPENTER (802) 658-9466 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

P&S INSURANCE RISK RETENTION GROUP, INC.15583 146 FAIRCHILD STREET, SUITE 135, CHARLESTON, SC 29492

MICHAEL JOHN COULTER (843) 614-3135 SCPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

PACE RRG INC11575 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

GARY P. O'HARE (802) 652-1568 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PALLADIUM RISK RETENTION GROUP, INC.15279 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

GARY P. O'HARE (802) 652-1568 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PARATRANSIT INSURANCE COMPANY, RRG44130 775 RIDGE LAKE BOULEVARD, SUITE 105, MEMPHIS, TN 38120

ANITA M. PERKINS 802-371-2219 TNPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

PCH MUTUAL INSURANCE COMPANY, RRG11973 1605 MAIN STREET, SUITE 800, SARASOTA, FL 34236

TERESA MARIE MATTHEWS 941-955-0793 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

PEACE CHURCH RRG INC11846 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476

MEGAN E. OGDEN (843) 225-7168 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PELICAN INS RRG11587 30 MAIN STREET, SUITE 330, BURLINGTON, VT 05401-8427

STACEY BEAUDOIN (802) 658-9405 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PHOEBE RECIPROCAL RRG12004 263 KING STREET, SUITE C, CHARLESTON, SC 29401-1420

MATTHEW G. WATSON (843) 853-0446 SCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 LAKEVIEW CENTER, 2660 EASTCHASE LANE, SUITE 300, MONTGOMERY, AL 36117-7024

JOHN S. MALONEY (718) 937-2010 ALPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 3902 FLATIRON LOOP, SUITE 101, WESLEY CHAPEL, FL 33544-7827

PIPER H. CROCKETT (843) 573-4946 NVPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP12507 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238

CHRISTOPHER GLENN (843) 577-1364 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PHYSICIANS PROFESSIONAL LIABILTY RRG11514 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

STACEY GIBBS (802) 264-4588 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PHYSICIANS REIMBURSEMENT RRG10934 2418 AIRPORT ROAD, SUITE 2A, BARRE, VT 05641-8702

MICHELE EMMONS (802) 371-2221 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Occurrence) Domiciled

Analysis of Risk Retention Groups

Page 17: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

PHYSICIANS SPECIALTY LTD RRG11513 4535 DRESSLER ROAD, NW CANTON, OH 44718-2545

JEFFRY M. DELMAS (802) 371-2252 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP13582 C/O WILLIS MANAGEMENT (HAWAII), 1003 BISHOP STREET, SUITE 1220, HONOLULU, HI 96813-6436

JASON L. PALMER (808) 271-6627 HIPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PINNACLE CONSORTIUM OF HIGHER ED RRG11980 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

MARCY WATERFALL (802) 864-6269 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

PLATINUM TRANSPORT INSURANCE RISK RETENTION GROUP, INC.15796 745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3800

ANNIE WOO (808) 585-3594 HIPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

PONCE DE LEON LTC RRG, INC.11809 1100 WEST TOWN & COUNTRY ROAD, SUITE 1400, ORANGE, CA 92868-4655

DOUGLAS JOSEPH HAUSER (714) 571-1864 FLPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 1620 PROVIDENCE ROAD TOWSON, MD 21286-1525

MARY CLAIRE GOFF (877) 587-1763 MTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

PREFERRED PHYSICIANS MEDICAL RRG44083 11880 COLLEGE BOULEVARD, SUITE 300, OVERLAND PARK, KS 66210-2141

DEANNA RENEE OLSON (913) 262-2585 MOPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PREFERRED PROFESSIONAL RRG14919 11605 MIRACLE HILLS DRIVE, SUITE 200, OMAHA, NE 68154-4467

KAREN ANNETTE RILEY (402) 392-1566 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PROASSURANCE AMERICAN MUTUAL, A RISK RETENTION GROUP15647 100 BROOKWOOD PLACE BIRMINGHAM, AL 35209-6811

ELAINE MARIE SPARKS (615) 301-1445 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PROBUILDERS SPECIALTY INS CO RRG11671 3025 SOUTH PARKER ROAD, SUITE 711, AURORA, CO 80014-2925

HUGH B. MCCREERY (303) 306-0002 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

PROFESSIONAL EXCHANGE ASSURANCE COMPANY (A RISK RETENTION GROUP)14461 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929

DUSTIN BLASIUS (808) 540-4318 HIPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP

12608 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

MICHAEL A. CZAPLICKE (802) 864-2109 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PROFESSIONALS RISK RETENTION GROUP, INC.13067 191 JEWEL BASIN COURT, SUITE 4A, BIGFORK, MT 59911-6294

PAUL A. FROMENT (406) 282-0170 MTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PROSPECT MEDICAL HOLDINGS RISK RETENTION GROUP, INC. IC15990 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

SCOTT ANDREW MAILLE (802) 264-4711 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

MARCY WATERFALL (802) 864-6269 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

RECREATION RISK RETENTION GROUP, INC.15905 159 BANK STREET, FOURTH FLOOR, BURLINGTON, VT 05401-4479

PATRICIA L. HENDERSON (802) 860-1958 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

RED CLAY RISK RETENTION GROUP, INC.13078 701 EAST BAY STREET, SUITE 514, CHARLESTON, SC 29403-5095

LAURA ROEMER RODRIGO (843) 884-5902 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

Analysis of Risk Retention Groups

Page 18: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

RED ROCK RISK RETENTION GROUP, INC.13736 2555 EAST CAMELBACK ROAD, SUITE 700, PHOENIX, AZ 85016-4264

LEE M. MILIZIA (623) 427-3208 AZPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

REPUBLIC RRG12019 1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384

ROBERT G. MEETZE (843) 573-4676 SCPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

RESTORATION RISK RETENTION GROUP, INC.12209 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

JEFFREY M. CALLANE (802) 264-4719 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

ROMULUS INSURANCE RISK RETENTION GROUP, INC.15744 1327 ASHLEY RIVER ROAD, SUITE 200C, CHARLESTON, SC 29407-5386

JEFFRY M. DELMAS (802) 371-2252 SCPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

RPX RRG14135 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929

DUSTIN BLASIUS (808) 540-4318 HIPhoneStatement Contact Primary Line of BusinessProduct Liability (Occurrence) Domiciled

SAGE RISK RETENTION GROUP, INC.15631 3651 LINDELL ROAD, SUITE D1152, LAS VEGAS, NV 89103-1254

JONATHAN J. MCKENZIE (855) 326-3408 NVPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

SAINT LUKE'S HLTH SYSTEM RRG11712 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384

ALICIA D. COLELLA (802) 371-2238 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

SAMARITAN RISK RETENTION GROUP, INC.12511 146 FAIRCHILD STREET, SUITE 135, CHARLESTON, SC 29492-8231SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP12988 3651 LINDELL ROAD, SUITE D1152, LAS VEGAS, NV 89103-1254

JONATHAN J. MCKENZIE (855) 326-3408 NVPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

SECURITY AMERICA RRG INC11267 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

REBECCA K. BUTLER (802) 864-2034 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

SELECT MD RRG14136 191 JEWEL BASIN COURT, SUITE 4A, BIGFORK, MT 59911-6294

PAUL A. FROMENT (406) 282-0170 MTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

SENIORSFIRST RISK RETENTION GROUP, INC.16088 5630 UNIVERSITY PARKWAY, WINSTON-SALEM, NC 27105

LILIA M WHITTEMORE 800-226-0793 NCPhoneStatement Contact Primary Line of Business Domiciled

SIGMA RRG, INC.13557 C/O AON RISK SERVICES, INC., 1120 20TH ST., N.W.,, WASHINGTON, DC 20036

EMI SWAIM 202-862-5339 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 146 FAIRCHILD STREET, SUITE 135, CHARLESTON, SC 29492-8231

KELLY BOURNE (843) 614-3132 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Occurrence) Domiciled

SPIRIT COMMERCIAL AUTO RISK RETENTION GROUP14207 9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042

TERESA MARIE MATTHEWS (941) 373-1162 NVPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

SPIRIT MOUNTAIN INSURANCE COMPANY RRG, INC10754 2233 WISCONSIN AVE., N.W., SUITE 310, WASHINGTON, DC 20007

JUTHAMAS LEE EVERETT 800-226-0793 DCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

ST CHARLES INS CO RRG11114 38 BROAD STREET, SUITE 210, CHARLESTON, SC 29401-3042

CHARLES A. WANNER (602) 200-6900 SCPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

ST LUKES HEALTH NETWORK INS CO RRG11688 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

KYLE ADAM METAYER (802) 264-4710 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

Analysis of Risk Retention Groups

Page 19: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

STATES SELF-INSURERS RRG44075 222 SOUTH NINTH STREET, SUITE 2700, MINNEAPOLIS, MN 55402-3332

LYNN MAJIWA (612) 766-3000 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

STICO MUT INS CO RRG10476 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

BECKI M. MINOLI (802) 264-4576 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC13135 146 FAIRCHILD STREET, SUITE 135, CHARLESTON, SC 29492-8231

ELIZABETH J. FORNEY (843) 614-3140 SCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

SUNLAND RISK RETENTION GROUP, INC.14026 14362 N FRANK LLOYD WRIGHT BLVD., STE 1000, SCOTTSDALE, AZ 85260

CHARLA M SMYSER 800-800-4324- TNPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

TERRA INS CO RRG10113 2418 AIRPORT ROAD, SUITE 2A, BARRE, VT 05641-8702

PAULA A. FRENCH (802) 371-2321 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

TERRAFIRMA RISK RETENTION GROUP LLC14395 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

MARCY WATERFALL (802) 864-6269 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

THE HEALTHCARE UNDERWRITING CO RRG10152 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

MARCY WATERFALL (802) 864-6269 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Occurrence) Domiciled

TITAN INS CO INC RRG11153 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384

WAI-HANG FLORA CHAN (972) 331-1000x SCPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

TITLE INDUSTRY ASSURANCE CO RRG10084 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

KIM FRASCA (802) 264-3538 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

TRANSPORT RISK SOLUTIONS RISK RETENTION GROUP, INC.16025 146 FAIRCHILD STREET, SUITE 135, CHARLESTON, SC 29492-8231

KELLY BOURNE (843) 614-3132 SCPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

TRANSPORTATION INSURANCE SERVICES RISK RETENTION GROUP, INC.15767 146 FAIRCHILD STREET, SUITE 135, CHARLESTON, SC 29492-8231

KELLY BOURNE (843) 614-3132 SCPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

TRINITY RISK SOLUTIONS RECIPROCAL INSURANCE COMPANY RRG11958 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104

STEVE BEVINS (802) 479-7802 DCPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

UNITED CENTRAL PA RRG11548 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

RONDA LYNN DEVINO (802) 264-4593 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

UNITED EDUCATORS INS RRG INC10020 7700 WISCONSIN AVENUE, SUITE 500, BETHESDA, MD 20814-3556

KAREN LEE VERDON (301) 215-6423 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

UNITED HOME INSURANCE CO A RRG10712 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

JOHN H. RAYMOND (802) 864-2751 VTPhoneStatement Contact Primary Line of BusinessWarranty Domiciled

URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042

ANDREW CARLTON (941) 373-1113 NVPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

URGENT MD RISK RETENTION GROUP, INC.15908 58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324

ANDREW CARLTON (941) 373-1113 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Occurence) Domiciled

UV INSURANCE RISK RETENTION GROUP, INC.13988 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929

STEPHEN CHONG (808) 540-4323 HIPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

Analysis of Risk Retention Groups

Page 20: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

Company NameNAIC Address

Risk Retention Groups - Listing by Company Name

VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP11063 2007 POOLE DRIVE HUNTSVILLE, AL 35810-3891

SUSAN MARIE URIE (843) 640-3170 OKPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

VELOCITY INSURANCE COMPANY, A RISK RETENTION GROUP15956 1327 ASHLEY RIVER ROAD, SUITE 200C, CHARLESTON, SC 29407-5386

JEFFRY M. DELMAS (802) 371-2252 SCPhoneStatement Contact Primary Line of BusinessCommercial Auto Liability Domiciled

VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 191 JEWEL BASIN COURT, SUITE 4A, BIGFORK, MT 59911-6294

PAUL A. FROMENT (406) 282-0170 MTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

WELLSPAN RRG11682 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

JENNIFER L. PETTENGILL (802) 864-2111 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

WESTERN CATHOLIC INSURANCE COMPANY RRG14122 140 KENNEDY DRIVE SOUTH BURLINGTON, VT 05403-6710

TRICIA LYNN ALGER (802) 922-9456 VTPhoneStatement Contact Primary Line of BusinessOther Liability (Occurrence) Domiciled

WESTERN PACIFIC MUT INS CO RRG40940 9265 MADRAS COURT LITTLETON, CO 80130-4444

SHERLYN WILKINSON FARRELL (303) 263-0311 COPhoneStatement Contact Primary Line of BusinessOther Liability (Claims-made) Domiciled

YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)11796 2418 AIRPORT ROAD, SUITE 2A, BARRE, VT 05641-8702

ANITA M. PERKINS (802) 371-2219 VTPhoneStatement Contact Primary Line of BusinessMedical Professional Liability (Claims-made) Domiciled

Analysis of Risk Retention Groups

Page 21: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAICCash & Invested

AssetsReinsurance Recoverables

Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data

Other Assets Total AssetsLoss & LAE

ReservesUnearned

Premium Reserve Other Liabilities Total LiabilitiesPolicyholders'

Surplus

Prior Year-End Loss LAE Reserve Developed

(Savings)/Deficiency (000s)

ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP

12934 $3,731,836 $0 $4,882,192$1,150,356 $1,027,075 $70,895 $1,480,149$382,179 $3,402,043 ($6)

ADVANCED PHYSICIANS INS RRG INC12166 $1,434,543 $0 $1,554,995$120,452 $17,161 $80,545 $143,851$46,145 $1,411,144 $0

AEGIS HEALTHCARE RRG, INC.12252 $2,047,086 $220,261 $5,532,757$3,265,410 $1,820,275 $484,952 $3,208,795$903,568 $2,323,962 ($1)

AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP13677 $6,769,730 $0 $7,807,989$1,038,259 $728,833 $184,106 $2,327,239$1,414,300 $5,480,750 ($1)

AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP13606 $0 $0 $0$0 $0 $0 $0$0 $0 $0

AGRI INSURANCE EXCHANGE RRG28380 $18,609,068 $0 $18,622,772$13,704 $2,522,000 $474,084 $3,612,201$616,117 $15,010,571 ($244)

ALLEGIANT INS CO INC A RRG11965 $20,535,034 $2,930,213 $28,341,701$4,876,454 $10,472,866 $0 $17,096,103$6,623,237 $11,245,598 $540

ALLIANCE OF NONPROFITS FOR INS RRG10023 $85,665,959 $0 $101,698,681$16,032,722 $47,455,553 $14,117,800 $64,750,608$3,177,255 $36,948,073 $226

ALLIED PREMIER INSURANCE A RRG15639 $2,769,522 $664,770 $3,435,191$899 $1,613,748 $0 $2,482,945$869,197 $952,247 ($714)

ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 $45,949,104 $713,999 $48,952,492$2,289,389 $20,792,831 $5,551,061 $28,533,552$2,189,660 $20,418,940 $72

ALLIED SERVICES RISK RETENTION GROUP12013 $6,250,546 $0 $6,276,883$26,337 $1,659,343 $0 $1,885,680$226,337 $4,391,203 ($170)

AMERICAN ASSOC OF OTHODONTISTS RRG10232 $0 $0 $0$0 $0 $0 $0$0 $0 $0

AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 $602,443 $0 $856,984$254,541 $65,077 $147,668 $248,802$36,057 $608,182 $0

AMERICAN CONTRACTORS INS CO RRG12300 $10,003,333 $0 $49,269,552$39,266,219 $0 $0 $39,211,920$39,211,920 $10,057,631 $0

AMERICAN EXCESS INS EXCHANGE RRG10903 $305,954,214 $0 $308,732,081$2,777,867 $116,165,852 $19,896,847 $139,887,720$3,825,021 $168,844,361 ($7,132)

AMERICAN FOREST CASUALTY COMPANY RRG11590 $7,798,263 $0 $8,464,641$666,378 $2,457,090 $936,579 $3,884,204$490,535 $4,580,437 $0

AMERICAN RISK MGMT RRG INC.15853 $2,532,164 $0 $4,016,902$1,484,738 $1,115,949 $1,228,115 $2,462,484$118,420 $1,554,418 $13

AMERICAN SAFETY RRG INC25448 $6,041,537 $0 $7,817,440$1,775,903 $1,989,885 $170,744 $2,375,717$215,088 $5,441,723 $0

AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG

11534 $31,084,690 $15,525 $41,140,052$10,039,837 $20,489,278 $9,031,746 $33,903,458$4,382,434 $7,236,594 $570

AMERIGUARD RRG INC12171 $15,161,305 $0 $15,213,165$51,860 $4,166,795 $0 $6,372,112$2,205,317 $8,841,053 ($799)

A-ONE COMMERCIAL INSURANCE RISK RETENTION GROUP, INC.15597 $9,285,532 $1,413,574 $14,602,135$3,903,029 $7,590,713 $3,572,414 $11,895,285$732,158 $2,706,850 $917

APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 $106,555,143 $2,000 $144,420,465$37,863,322 $69,265,383 $20,766,847 $102,163,217$12,130,987 $42,257,248 $0

ARCHITECTS & ENGINEERS INS CO RRG44148 $13,330,964 $0 $21,100,772$7,769,808 $4,031,510 $1,963,259 $11,032,790$5,038,021 $10,067,982 ($204)

ARCOA RISK RETENTION GROUP, INC.13177 $16,032,872 $0 $17,353,432$1,320,560 $9,014,145 $0 $9,884,352$870,207 $7,469,080 ($23)

ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP

13580 $3,210,861 $0 $4,432,140$1,221,279 $150,000 $453,341 $950,163$346,822 $3,481,977 $0

ASPEN SPECIALTY RISK RETENTION GROUP, INC.15354 $293,406 $66,849 $407,755$47,500 $0 $0 $25,750$25,750 $382,005 $0

ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 $1,057,297 $0 $1,084,735$27,438 $63,009 $0 $68,444$5,435 $1,016,291 ($14)

ASSOCIATION OF CERTIFIED MORTGAGE ORIGINATORS RISK RETENTION GROUP, INC.

14425 $1,503,467 $0 $2,113,773$610,306 $67,091 $0 $982,768$915,677 $1,131,005 $0

ATTORNEYS INSURANCE MUTUAL OF THE SOUTH, INC RRG33677 $11,176,134 $0 $11,273,454$97,320 $2,647,000 $1,347,895 $5,106,988$1,112,093 $6,166,466 $66

ATTORNEYS INSURANCE MUTUAL RRG INC22670 $14,136,476 $0 $14,803,922$667,446 $5,148,371 $0 $5,971,758$823,387 $8,832,163 ($83)

ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 $1,998,666,150 $0 $2,043,702,195$45,036,045 $977,184,431 $101,255,252 $1,393,454,577$315,014,894 $650,247,618 ($49,881)

ATTORNEYS LIAB PROTECTION SOC RRG32450 $108,050,688 $0 $119,024,078$10,973,390 $54,723,786 $16,817,347 $78,861,795$7,320,662 $40,162,283 ($701)

ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 $1,695,033 $0 $3,164,241$1,469,208 $105,010 $61,827 $2,094,013$1,927,176 $1,070,228 ($1)

AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 $0 $0 $0$0 $0 $0 $0$0 $0 $0

AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 $1,408,094 $0 $2,316,755$908,661 $1,133,623 $310,165 $1,707,832$264,044 $608,923 $390

BAR VERMONT RISK RETENTION GROUP INC10174 $24,420,954 $0 $27,366,231$2,945,277 $4,276,035 $508,965 $8,831,519$4,046,519 $18,534,712 $92

BAY INSURANCE RISK RETENTION GROUP, INC.15582 $160,148 $0 $808,141$647,993 $0 $0 $131,785$131,785 $676,356 $0

BEACONHARBOR MUTUAL RISK RETENTION GROUP14487 $37,218 $0 $1,035,243$998,025 $0 $0 $0$0 $1,035,243 $0

BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 $25,352,756 $0 $46,578,581$21,225,825 $30,660,031 $5,399,010 $37,409,190$1,350,149 $9,169,391 $0

BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP13010 $3,016,661 $0 $3,362,415$345,754 $207,832 $1,246,927 $1,513,467$58,708 $1,848,947 ($61)

BROADLINE RISK RETENTION GROUP, INC.13788 $80,745,482 $0 $85,939,524$5,194,042 $58,188,198 $0 $58,544,782$356,584 $27,394,742 $471

BTTS INSURANCE RISK RETENTION GROUP, INC.15591 $611,152 $0 $672,704$61,552 $0 $0 $169,588$169,588 $503,116 $0

Analysis of Risk Retention Groups

Page 22: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAICCash & Invested

AssetsReinsurance Recoverables

Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data

Other Assets Total AssetsLoss & LAE

ReservesUnearned

Premium Reserve Other Liabilities Total LiabilitiesPolicyholders'

Surplus

Prior Year-End Loss LAE Reserve Developed

(Savings)/Deficiency (000s)

C.A.R. RISK RETENTION GROUP, INC.15921 $312,991 $0 $1,669,299$1,356,308 $282,663 $0 $318,081$35,418 $1,351,218 $21

CALIFORNIA HEALTHCARE INS CO INC RRG44504 $109,894,072 $0 $126,050,881$16,156,809 $52,941,992 $8,213,511 $69,153,937$7,998,434 $56,896,944 ($453)

CALIFORNIA MEDICAL GRP INS CO RRG12180 $13,334,110 $0 $18,708,796$5,374,686 $10,154,520 $4,141,144 $14,467,440$171,776 $4,241,356 $2,155

CARE RRG, INC.11825 $16,318,757 $75,768 $19,430,330$3,035,805 $12,786,429 $3,132,505 $14,554,823($1,364,111) $4,875,507 ($285)

CAREGIVERS UNITED LIAB INS CO RRG11544 $39,554,449 $0 $42,370,776$2,816,327 $12,955,693 $2,640,863 $16,575,654$979,098 $25,795,122 ($14)

CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP12373 $73,785,128 $0 $89,204,038$15,418,910 $16,736,090 $4,978,529 $37,286,954$15,572,335 $51,917,081 $0

CASSATT RISK RETENTION GROUP INC10808 $3,293,363 $0 $11,152,538$7,859,175 $0 $0 $7,416,715$7,416,715 $3,735,823 $8

CENTRAL PA PHYSICIANS RRG INC11694 $50,839,454 $0 $54,521,802$3,682,348 $24,005,370 $6,264,510 $32,481,714$2,211,834 $22,040,088 $390

CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 $17,013,274 $0 $20,062,903$3,049,629 $3,121,421 $3,048,112 $7,271,671$1,102,138 $12,791,232 $0

CHEROKEE GUARANTEE COMPANY INC., RRG14388 $19,709,969 $1,566,161 $22,019,459$743,329 $12,161,944 $3,683,181 $17,342,531$1,497,406 $4,676,928 $1

CIRCLE STAR INS CO RRG11839 $2,513,032 $0 $7,495,840$4,982,808 $688,499 $230,760 $5,943,318$5,024,059 $1,552,522 ($1)

CLAIM PROFESSIONALS LIAB INS CO RRG12172 $3,593,653 $0 $4,516,812$923,159 $578,651 $333,022 $1,948,720$1,037,047 $2,568,092 ($10)

CLARIAN HLTH RRG INC11992 $6,868,595 $0 $10,295,277$3,426,682 $0 $0 $7,529,764$7,529,764 $2,765,513 $330

CMIC RISK RETENTION GROUP13756 $4,081,891 $0 $6,721,884$2,639,993 $457,662 $1,077,042 $3,850,450$2,315,746 $2,871,434 $1

COLLEGE LIABILITY INS CO A RECIP RRG44598 $10,894,934 $0 $13,059,960$2,165,026 $6,344,744 $0 $6,382,286$37,542 $6,677,673 $1,843

COLLEGE RISK RETENTION GROUP, INC.13613 $24,036,027 $0 $25,188,873$1,152,846 $11,646,232 $1,027,747 $15,296,084$2,622,105 $9,892,789 $0

COLUMBIA NATIONAL RRG INC10803 $1,662,666 $0 $1,894,789$232,123 $0 $376,303 $650,150$273,847 $1,244,639 $0

COMCARE PRO INS RECIPROCAL RRG11864 $4,805,895 $0 $5,027,502$221,607 $1,338,991 $229,400 $2,017,897$449,506 $3,009,605 $779

COMMERCIAL HIRECAR INSURANCE COMPANY, A RISK RETENTION GROUP

15836 $1,342,362 $0 $4,697,438$3,355,076 $605,000 $1,045,471 $3,201,450$1,550,979 $1,495,988 ($37)

COMMUNITIES OF FAITH RRG INC11807 $13,797,914 $0 $14,656,414$858,500 $1,554,139 $572,744 $2,182,089$55,206 $12,474,325 $0

COMMUNITY BLOOD CENTERS EXCH RRG13893 $18,674,608 $0 $19,272,218$597,610 $2,001,936 $859,026 $4,058,376$1,197,414 $15,213,842 $0

COMMUNITY CARE RISK RETENTION GROUP, INC.15798 $4,124,935 $0 $6,889,871$2,764,936 $3,899,062 $0 $4,219,698$320,636 $2,670,173 ($46)

COMMUNITY HEALTH ALLIANCE RECIP RRG11536 $44,694,207 $0 $48,009,725$3,315,518 $22,131,195 $0 $36,812,967$14,681,772 $11,196,758 $119

COMMUNITY HOSPITAL RRG11259 $241,800,427 $0 $261,131,641$19,331,214 $113,742,284 $18,241,123 $138,853,761$6,870,354 $122,277,880 $554

COMPASS SPECIALTY INSURANCE RISK RETENTION GROUP, INC.15867 $2,204,264 $0 $2,903,482$699,218 $220,765 $1,016,226 $1,478,188$241,197 $1,425,294 ($29)

CONSUMER SPECIALTIES INSURANCE COMPANY RRG10075 $3,893,710 ($21,562) $4,193,006$320,858 $1,295,877 $223,804 $1,705,702$186,021 $2,487,303 ($47)

CONTINUING CARE RRG, INC.11798 $1,002,718 $44,993 $4,919,921$3,872,210 $1,954,345 $1,096,897 $3,361,591$310,349 $1,558,330 ($75)

CONTRACTORS INS CO OF NORTH AMER RRG11603 $25,410,806 $0 $37,121,076$11,710,270 $6,043,351 $323,515 $9,732,598$3,365,732 $27,388,478 ($2,055)

CONTROLLED RISK INS CO OF VT RRG10341 $65,529,242 $0 $110,166,762$44,637,520 $16,024,372 $10,858,200 $70,112,238$43,229,666 $40,054,518 ($2)

COPIC, A RISK RETENTION GROUP14906 $643,733 $0 $845,619$201,886 $9,000 $15,591 $202,660$178,069 $642,959 $0

COUNTY HALL INSURANCE COMPANY, INC., A RISK RETENTION GROUP15947 $3,730,802 $0 $6,774,936$3,044,134 $1,724,289 $3,147,150 $4,529,896($341,543) $2,245,040 ($9)

COVERYS RRG, INC.14160 $19,285,172 $0 $23,197,428$3,912,256 $4,091,145 $572,422 $10,786,138$6,122,571 $12,411,290 $233

CPA MUTUAL INS CO OF AMERICA RRG10164 $13,979,955 $0 $16,334,108$2,354,153 $6,541,896 $1,725,006 $10,509,609$2,242,707 $5,824,498 $0

CROSSFIT RISK RETENTION GROUP, INC.13720 $5,931,456 $0 $7,473,493$1,542,037 $1,862,156 $1,001,952 $5,482,227$2,618,119 $1,991,266 $241

CRUDEN BAY RRG INC11676 $16,393,855 $0 $17,503,523$1,109,668 $8,121,885 $1,008,219 $10,104,474$974,370 $7,399,049 $820

CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 $18,504,587 $0 $20,421,830$1,917,243 $10,244,105 $0 $16,997,139$6,753,034 $3,424,691 $0

DAN RISK RETENTION GROUP, INC.15928 $0 $0 $0$0 $0 $0 $0$0 $0 $0

DOCTORS COMPANY RISK RETENTION GROUP, A RECIPROCAL EXCHANGE

14347 $6,221,766 $0 $19,012,019$12,790,253 $3,348,020 $8,871,703 $15,149,342$2,929,619 $3,862,677 ($1)

DOCTORS PROFESSIONAL LIABILITY RRG, INC.15893 $2,530,702 $192,578 $3,125,007$401,727 $426,266 $687,271 $1,385,203$271,666 $1,739,804 ($13)

DUBOIS MEDICAL RRG11842 $0 $0 $0$0 $0 $0 $0$0 $0 $0

EASTERN DENTISTS INS CO RRG10115 $49,945,040 $1,107,365 $56,164,909$5,112,504 $23,417,061 $5,066,139 $31,200,316$2,717,116 $24,964,593 ($1)

ELITE TRANSPORTATION RRG INC10125 $6,426,923 $0 $12,342,557$5,915,634 $6,498,396 $2,316,984 $10,848,024$2,032,644 $1,494,533 $0

EMERGENCY CAPITAL MANAGEMENT, LLC, RRG14163 $9,027,990 $240,444 $9,499,176$230,742 $4,403,512 $1,496,954 $6,569,753$669,287 $2,929,424 $0

Analysis of Risk Retention Groups

Page 23: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAICCash & Invested

AssetsReinsurance Recoverables

Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data

Other Assets Total AssetsLoss & LAE

ReservesUnearned

Premium Reserve Other Liabilities Total LiabilitiesPolicyholders'

Surplus

Prior Year-End Loss LAE Reserve Developed

(Savings)/Deficiency (000s)

EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)

12003 $13,327,790 $1,631,970 $19,004,168$4,044,408 $5,432,668 $1,013,525 $10,547,124$4,100,931 $8,457,044 $0

EMERGENCY PHYSICIANS INSURANCE EXCHANGE RRG (EPIX)11714 $23,605,177 $0 $27,899,582$4,294,405 $12,972,335 $2,289,471 $18,317,889$3,056,083 $9,581,693 $0

EVERGREEN USA RRG INC38466 $0 $0 $0$0 $0 $0 $0$0 $0 $0

EXCELA RECIPROCAL RRG15337 $10,945,765 $0 $13,018,390$2,072,625 $8,870,539 $1,856,560 $10,855,597$128,498 $2,162,793 $6

FAIRWAY PHYSICIANS INS CO RRG11840 $0 $0 $0$0 $0 $0 $0$0 $0 $0

FIRST MEDICAL INS CO RRG11278 $98,227,822 $0 $98,676,185$448,363 $42,658,535 $0 $44,871,713$2,213,178 $53,804,472 $4,978

FORT WAYNE MEDICAL SURETY COMPANY, RRG12625 $4,180,543 $0 $4,597,607$417,064 $1,006,369 $797,483 $2,092,320$288,468 $2,505,287 $130

FRANKLIN CASUALTY INS CO RRG10842 $5,243,510 $0 $11,275,063$6,031,553 $6,976,593 $99,213 $7,237,761$161,955 $4,037,302 $625

FREDERICKSBURG PROFESSIONAL RISK EXC12016 $14,182,796 $0 $20,483,669$6,300,873 $6,695,206 $1,004,126 $7,758,321$58,989 $12,725,348 $19

GABLES RISK RETENTION GROUP, INC.14032 $7,503,993 $0 $9,723,019$2,219,026 $3,369,683 $2,143,531 $5,701,472$188,258 $4,021,547 $383

GEISINGER INS CORP RRG12000 $2,022,515 $0 $12,353,791$10,331,276 $335,000 $0 $365,826$30,826 $11,987,965 $0

GERIC INSURANCE RISK RETENTION GROUP, INC.13782 $2,962,551 $0 $3,908,885$946,334 $247 $292,257 $918,652$626,148 $2,990,233 ($83)

GLOBAL HAWK INSURANCE COMPANY RRG11948 $42,242,715 $1,095,530 $52,865,732$9,527,487 $32,964,000 $13,120,196 $48,893,292$2,809,096 $3,972,440 $1,000

GOLDEN INS CO RRG11145 $9,971,839 $294,433 $13,761,284$3,495,012 $3,652,446 $6,044,301 $10,723,730$1,026,983 $3,037,554 $0

GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 $9,595,996 $0 $10,914,395$1,318,399 $2,509,697 $1,298,000 $3,834,170$26,473 $7,080,225 ($443)

GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.

13973 $605,731 $0 $1,727,894$1,122,163 $205,000 $419,828 $1,101,750$476,922 $626,144 $0

GRACO RRG INC11581 $581,048 $0 $1,345,578$764,530 $0 $0 $743,766$743,766 $601,812 $0

GREEN HILLS INS CO RRG11941 $9,580,523 $0 $9,739,496$158,973 $4,633,961 $0 $5,070,756$436,795 $4,668,740 $96

GUARDIAN RRG INC11696 $0 $0 $0$0 $0 $0 $0$0 $0 $0

GUTHRIE RRG12014 $49,556,689 $0 $49,859,343$302,654 $32,382,324 $20,600 $32,487,592$84,668 $17,371,751 $1,131

HAMDEN ASSURANCE RRG, INC.13057 $1,971,905 $0 $88,446,761$86,474,856 $0 $0 $86,645,328$86,645,328 $1,801,433 $0

HEALTH CARE CAS RRG INC12236 $9,972,552 $0 $11,029,029$1,056,477 $6,229,407 $374,414 $8,977,131$2,373,310 $2,051,897 $0

HEALTH CARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG

11832 $27,975,242 $309,263 $48,387,684$20,103,179 $8,799,653 $1,859,694 $31,072,541$20,413,194 $17,315,144 $11

HEALTH NETWORK PROVIDERS MUT INS CO11813 $6,394,663 $0 $7,679,512$1,284,849 $3,870,084 $236,806 $4,581,139$474,249 $3,098,373 $1

HEALTH PROVIDERS INS RECIPROCAL RRG10080 $74,503,244 $0 $79,515,855$5,012,611 $15,121,956 $4,095,732 $20,454,924$1,237,236 $59,060,931 $0

HEALTHCARE PROVIDERS INS CO RRG11683 $78,433,996 $0 $81,764,750$3,330,754 $25,407,654 $4,838,112 $36,290,939$6,045,173 $45,473,811 $0

HOME CONSTRUCTION INS CO RRG11950 $0 $0 $0$0 $0 $0 $0$0 $0 $0

HOSPITALITY RISK RETENTION GROUP, INC.16038 $3,538,022 $215,850 $4,999,818$1,245,946 $451,389 $1,472,870 $2,388,565$464,306 $2,611,253 $0

HOUSING AUTHORITY RRG INC26797 $280,955,062 $0 $301,253,497$20,298,435 $96,561,498 $15,030,505 $126,543,217$14,951,214 $174,710,280 ($3,169)

HPIC RISK RETENTION GROUP15866 $963,608 $0 $964,475$867 $131,173 $1,770 $422,117$289,174 $542,358 $0

ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 $336,161,618 $5,641,809 $360,541,918$18,738,491 $62,033,562 $9,323,270 $94,288,029$22,931,197 $266,253,890 ($9,276)

INDIANA HEALTHCARE RECIP RRG11692 $53,062,089 $0 $54,231,207$1,169,118 $20,124,034 $3,887,496 $25,315,156$1,303,626 $28,916,051 ($72)

INNOVATIVE PHYSICIAN SOLUTIONS RRG12320 $5,404,994 $0 $6,475,878$1,070,884 $3,172,222 $0 $5,470,749$2,298,527 $1,005,129 $0

IQS INSURANCE RISK RETENTION GROUP, INC.15080 $624,588 $0 $1,969,645$1,345,057 $348,541 $318,965 $712,775$45,269 $1,256,869 $68

IRONSHORE RISK RETENTION GROUP, INC.14375 $223,187 $0 $2,117,454$1,894,267 $343,677 $21,442 $1,299,762$934,643 $817,692 ($2)

J.M. WOODWORTH RRG, INC.12594 $4,503,253 $1,543,772 $6,075,811$28,786 $4,769,088 $0 $4,769,088$0 $1,306,723 ($382)

KENTUCKIANA MEDICAL RECIPROCAL RRG11872 $0 $0 $0$0 $0 $0 $0$0 $0 $0

KENTUCKY HOSPITAL INS CO RRG11939 $18,041,542 $0 $19,500,809$1,459,267 $8,734,004 $1,262,087 $11,466,709$1,470,618 $8,034,099 ($1,342)

LAKE STREET RRG INC11803 $2,052,792 $0 $2,286,751$233,959 $541,067 $204,500 $782,104$36,537 $1,504,647 $1

LAMMICO RRG, INC.14444 $5,662,704 $0 $5,825,132$162,428 $72,441 $12,955 $287,866$202,470 $5,537,266 ($6)

LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 $12,273,214 $1,212,763 $19,303,959$5,817,982 $11,009,752 $4,471,137 $16,004,615$523,726 $3,299,344 $0

LONE STAR ALLIANCE, INC., A RISK RETENTION GROUP15211 $5,415,607 $0 $10,770,023$5,354,416 $1,271,942 $308,635 $7,312,109$5,731,532 $3,457,914 $35

Analysis of Risk Retention Groups

Page 24: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAICCash & Invested

AssetsReinsurance Recoverables

Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data

Other Assets Total AssetsLoss & LAE

ReservesUnearned

Premium Reserve Other Liabilities Total LiabilitiesPolicyholders'

Surplus

Prior Year-End Loss LAE Reserve Developed

(Savings)/Deficiency (000s)

LVHN RRG11684 $58,546,547 $0 $63,976,853$5,430,306 $0 $0 $58,976,853$58,976,853 $5,000,000 $2,186

MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP12554 $3,400,581 $0 $3,814,037$413,456 $1,689,738 $0 $1,808,451$118,713 $2,005,586 $0

MARATHON FIN INS CO INC RRG11117 $3,004,436 $0 $3,297,693$293,257 $0 $204,163 $1,354,458$1,150,295 $1,943,236 ($35)

MCIC VERMONT INC RRG10697 $0 $0 $0$0 $0 $0 $0$0 $0 $0

MD RISK RETENTION GROUP, INC.12355 $0 $0 $0$0 $0 $0 $0$0 $0 $0

MED MAL RISK RETENTION GROUP, INC.14446 $2,469,452 $0 $3,437,079$967,627 $667,763 $78,904 $2,058,167$1,311,500 $1,378,912 $7

MEDAMERICA MUTUAL RRG INC26257 $105,540,254 $0 $123,036,091$17,495,837 $49,207,252 $12,172,519 $72,315,536$10,935,765 $50,720,555 $0

MEDCHOICE RISK RETENTION GROUP, INC.15738 $2,019,351 $226,951 $2,427,764$181,462 $29,580 $17,703 $466,407$419,124 $1,961,357 $0

MEDPRO RRG RISK RETENTION GROUP13589 $39,498,015 $0 $93,307,173$53,809,158 $6,862,611 $1,520,734 $86,492,492$78,109,147 $6,814,683 ($96)

MENTAL HEALTH RISK RETENTION GROUP44237 $28,299,389 $0 $29,333,059$1,033,670 $9,170,294 $1,556,361 $11,648,217$921,562 $17,684,842 ($1,277)

MICA RISK RETENTION GROUP, INC.15527 $781,563 $0 $781,840$277 $0 $0 $0$0 $781,840 $0

MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 $5,267,635 $0 $6,891,512$1,623,877 $3,390,076 $1,137,394 $5,139,925$612,455 $1,751,588 ($173)

MLM RISK RETENTION GROUP, INC.16026 $974,380 $0 $982,903$8,523 $0 $318 $10,527$10,209 $972,376 $0

MMIC RRG, INC.14062 $171,394 $0 $614,491$443,097 $0 $3,683 $67,564$63,881 $546,927 $0

MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 $417,018 $0 $1,579,305$1,162,287 $326,927 $23,667 $489,614$139,020 $1,089,692 $22

MOUNTAIN LAUREL RRG INC11547 $17,612,160 $0 $17,687,844$75,684 $9,298,946 $0 $10,484,661$1,185,715 $7,203,183 ($550)

MOUNTAIN STATES HEALTHCARE RECIP RRG11585 $104,172,030 $0 $113,159,328$8,987,298 $67,085,750 $13,230,991 $82,788,227$2,471,486 $30,371,101 $2,920

NASW RISK RETENTION GROUP, INC.14366 $13,455,892 $0 $15,665,635$2,209,743 $1,557,398 $2,152,748 $5,120,003$1,409,857 $10,545,632 $341

NATIONAL ASSISTED LIVING RRG, INC.11806 $8,217,505 $0 $8,673,764$456,259 $2,836,568 $1,179,074 $4,298,977$283,335 $4,374,787 ($14)

NATIONAL BUILDERS & CONTRACTORS INS12235 $2,614,790 ($21,884) $2,611,059$18,153 $1,040,264 $0 $1,155,497$115,233 $1,455,563 ($185)

NATIONAL CATHOLIC RRG10083 $62,562,239 $0 $66,113,251$3,551,012 $43,962,781 $2,131,148 $48,990,720$2,896,791 $17,122,531 ($648)

NATIONAL GUARDIAN RISK RETENTION GROUP36072 $8,731,979 $0 $11,390,639$2,658,660 $3,597,497 ($62,299) $5,297,222$1,762,024 $6,093,417 ($25)

NATIONAL HOME INSURANCE CO RRG44016 $13,271,659 $0 $14,163,066$891,407 $4,236,946 $3,476,454 $8,507,762$794,362 $5,655,304 $419

NATIONAL INDEPENDENT TRUCKERS IC RRG11197 $8,215,481 $212,875 $15,524,321$7,095,965 $3,649,064 $2,199,086 $7,348,932$1,500,782 $8,175,389 $21

NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.12529 $1,923,005 $0 $2,823,805$900,800 $0 $0 $489,949$489,949 $2,333,856 $0

NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 $12,342,049 $0 $12,695,795$353,746 $0 $1,905,245 $2,033,128$127,883 $10,662,667 $0

NATIONAL TRANSPORTATION INSURANCE COMPANY RISK RETENTION GROUP, LLC

16011 $2,137,313 $0 $4,402,864$2,265,551 $300,879 $2,011,878 $2,822,477$509,720 $1,580,387 $0

NCMIC RISK RETENTION GROUP, INC.14130 $4,957,325 $0 $7,560,451$2,603,126 $1,685,186 $379,232 $3,264,077$1,199,659 $4,296,374 $0

NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP

13792 $19,543,059 $0 $22,924,016$3,380,957 $847,397 $11,859,123 $16,207,738$3,501,218 $6,716,278 $98

NEW STAR RISK RETENTION GROUP, INC.12532 $0 $0 $0$0 $0 $0 $0$0 $0 $0

NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 $16,068,679 $250,000 $25,019,881$8,701,202 $14,889,455 $4,074,321 $19,946,840$983,064 $5,073,041 $804

OASIS RECIPROCAL RISK RETENTION GROUP13644 $9,993,564 $0 $15,637,659$5,644,095 $5,810,642 $3,501,560 $10,466,789$1,154,587 $5,170,870 ($30)

OCEANUS INS CO A RRG12189 $0 $0 $0$0 $0 $0 $0$0 $0 $0

OMS NATL INS CO RRG44121 $411,304,597 $0 $429,877,793$18,573,196 $139,425,548 $24,524,047 $184,442,680$20,493,085 $245,435,113 $0

ONYX INSURANCE COMPANY, INC., A RISK RETENTION GROUP15208 $20,521,921 $1,221,141 $31,911,259$10,168,197 $15,636,397 $7,103,980 $24,217,492$1,477,115 $7,693,768 $1,239

OOIDA RISK RETENTION GROUP INC10353 $57,511,280 $0 $95,869,278$38,357,998 $33,693,308 $9,923,911 $72,762,672$29,145,453 $23,106,606 ($637)

OPHTHALMIC MUTUAL INS CO RRG44105 $277,493,076 $0 $285,545,977$8,052,901 $40,923,552 $20,596,839 $73,719,257$12,198,866 $211,826,720 $306

ORANGE COUNTY MEDICAL RECIP INS RRG12183 $5,936,738 $0 $5,965,426$28,688 $843,039 $159,100 $1,149,712$147,573 $4,815,714 $0

ORTHOFORUM INSURANCE COMPANY (A RISK RETENTION GROUP)14260 $16,781,983 $0 $22,032,694$5,250,711 $16,829,145 $2,444,252 $19,508,896$235,499 $2,523,796 $20

P&S INSURANCE RISK RETENTION GROUP, INC.15583 $123,970 $0 $829,976$706,006 $0 $0 $302,477$302,477 $527,499 $0

PACE RRG INC11575 $3,621,862 $157,530 $4,904,536$1,125,144 $711,895 $0 $1,754,448$1,042,553 $3,150,088 $26

PALLADIUM RISK RETENTION GROUP, INC.15279 $86,648,590 $0 $100,497,398$13,848,808 $58,718,803 $13,486,333 $88,005,988$15,800,852 $12,491,410 $67

PARATRANSIT INSURANCE COMPANY, RRG44130 $25,634,183 $0 $29,025,763$3,391,580 $8,803,726 $3,111,289 $15,055,466$3,140,451 $13,970,297 $0

Analysis of Risk Retention Groups

Page 25: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAICCash & Invested

AssetsReinsurance Recoverables

Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data

Other Assets Total AssetsLoss & LAE

ReservesUnearned

Premium Reserve Other Liabilities Total LiabilitiesPolicyholders'

Surplus

Prior Year-End Loss LAE Reserve Developed

(Savings)/Deficiency (000s)

PCH MUTUAL INSURANCE COMPANY, RRG11973 $6,252,578 $123 $6,957,906$705,205 $2,561,473 $1,223,927 $3,693,811($91,589) $3,264,095 ($139)

PEACE CHURCH RRG INC11846 $21,947,164 $0 $23,593,002$1,645,838 $4,947,782 $1,370,520 $7,243,412$925,110 $16,349,590 ($1)

PELICAN INS RRG11587 $18,167,637 $0 $18,665,156$497,519 $3,329,336 $1,561,719 $5,876,289$985,234 $12,788,867 $1,114

PHOEBE RECIPROCAL RRG12004 $4,063,441 $0 $4,264,431$200,990 $1,030,573 $185,296 $1,245,580$29,711 $3,018,851 ($15)

PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 $10,852,576 $0 $14,141,409$3,288,833 $7,389,404 $2,935,467 $11,689,245$1,364,374 $2,452,164 $917

PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 $3,563,470 $348,259 $6,140,812$2,229,083 $2,441,856 $1,464,867 $4,401,593$494,870 $1,739,219 $139

PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP12507 $78,182,438 $0 $90,347,347$12,164,909 $38,247,096 $10,973,741 $63,261,960$14,041,123 $27,085,387 ($133)

PHYSICIANS PROFESSIONAL LIABILTY RRG11514 $34,521,027 $92,536 $37,064,040$2,450,477 $9,529,942 $7,124,469 $17,370,249$715,838 $19,693,791 ($407)

PHYSICIANS REIMBURSEMENT RRG10934 $29,214,760 $0 $31,100,632$1,885,872 $18,447,047 $970,279 $20,061,337$644,011 $11,039,295 ($65)

PHYSICIANS SPECIALTY LTD RRG11513 $9,886,051 $0 $11,209,590$1,323,539 $4,008,586 $0 $5,362,429$1,353,843 $5,847,161 $1

PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP13582 $18,847,395 $0 $21,717,584$2,870,189 $5,766,627 $2,569,738 $8,442,326$105,961 $13,275,258 $26

PINNACLE CONSORTIUM OF HIGHER ED RRG11980 $65,086,874 $0 $65,460,031$373,157 $32,369,882 $0 $34,926,575$2,556,693 $30,533,456 $0

PLATINUM TRANSPORT INSURANCE RISK RETENTION GROUP, INC.15796 $0 $0 $0$0 $0 $0 $0$0 $0 $0

PONCE DE LEON LTC RRG, INC.11809 $5,516,165 $0 $5,613,744$97,579 $1,251,550 $0 $1,272,723$21,173 $4,341,022 $16

PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 $0 $0 $0$0 $0 $0 $0$0 $0 $0

PREFERRED PHYSICIANS MEDICAL RRG44083 $13,331,423 $0 $21,807,671$8,476,248 $1,212,390 $0 $16,807,671$15,595,281 $5,000,000 ($64,619)

PREFERRED PROFESSIONAL RRG14919 $634,217 $0 $1,049,535$415,318 $83,576 $39,564 $478,694$355,554 $570,841 ($2)

PROASSURANCE AMERICAN MUTUAL, A RISK RETENTION GROUP15647 $10,411,973 $0 $10,925,698$513,725 $59,335 $44,742 $617,816$513,739 $10,307,882 $0

PROBUILDERS SPECIALTY INS CO RRG11671 $10,371,015 $0 $12,931,372$2,560,357 $19,776 $0 $618,954$599,178 $12,312,418 $0

PROFESSIONAL EXCHANGE ASSURANCE COMPANY (A RISK RETENTION GROUP)

14461 $0 $0 $0$0 $0 $0 $0$0 $0 $0

PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP

12608 $1,995,901 $0 $2,024,493$28,592 $110,490 $0 $135,025$24,535 $1,889,468 $0

PROFESSIONALS RISK RETENTION GROUP, INC.13067 $0 $0 $0$0 $0 $0 $0$0 $0 $0

PROSPECT MEDICAL HOLDINGS RISK RETENTION GROUP, INC. IC15990 $12,813,455 $0 $13,110,768$297,313 $8,503,965 $0 $9,557,645$1,053,680 $3,553,123 ($1)

PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 $7,569,852 $0 $7,699,708$129,856 $971,296 $531,274 $1,543,712$41,142 $6,155,996 $1

RECREATION RISK RETENTION GROUP, INC.15905 $3,365,411 $0 $4,275,827$910,416 $330,905 $511,034 $1,116,240$274,301 $3,159,587 $1

RED CLAY RISK RETENTION GROUP, INC.13078 $6,853,319 $12,880 $9,363,349$2,497,150 $2,978,246 $864,201 $4,931,136$1,088,689 $4,432,212 $275

RED ROCK RISK RETENTION GROUP, INC.13736 $6,346,261 $0 $7,296,505$950,244 $1,669,014 $705,500 $2,419,318$44,804 $4,877,187 $102

REPUBLIC RRG12019 $0 $0 $0$0 $0 $0 $0$0 $0 $0

RESTORATION RISK RETENTION GROUP, INC.12209 $72,533,194 $0 $83,689,183$11,155,989 $38,063,410 $6,859,434 $49,713,820$4,790,976 $33,975,363 $1,409

ROMULUS INSURANCE RISK RETENTION GROUP, INC.15744 $1,196,863 $0 $2,970,343$1,773,480 $590,850 $688,356 $1,299,206$20,000 $1,671,137 $0

RPX RRG14135 $0 $0 $0$0 $0 $0 $0$0 $0 $0

SAGE RISK RETENTION GROUP, INC.15631 $0 $0 $0$0 $0 $0 $0$0 $0 $0

SAINT LUKE'S HLTH SYSTEM RRG11712 $10,518,179 $0 $16,079,501$5,561,322 $4,585,071 $1,563,607 $6,331,087$182,409 $9,748,414 $1

SAMARITAN RISK RETENTION GROUP, INC.12511 $34,602,726 $0 $37,591,622$2,988,896 $11,070,258 $4,347,883 $16,836,783$1,418,642 $20,754,839 $0

SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP12988 $10,934,087 $1,392,393 $15,505,975$3,179,495 $7,858,231 $3,104,522 $12,252,858$1,290,105 $3,253,114 $400

SECURITY AMERICA RRG INC11267 $2,912,844 $0 $4,312,453$1,399,609 $1,943,915 $707,096 $2,897,856$246,845 $1,414,597 $134

SELECT MD RRG14136 $0 $0 $0$0 $0 $0 $0$0 $0 $0

SENIORSFIRST RISK RETENTION GROUP, INC.16088 $0 $0 $1,000,000$1,000,000 $0 $0 $0$0 $1,000,000 $0

SIGMA RRG, INC.13557 $17,212,255 $0 $17,550,165$337,910 $9,253,438 $1,060,552 $10,396,652$82,662 $7,153,513 ($11)

SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 $57,635,294 $0 $58,483,651$848,357 $22,305,611 $0 $41,539,573$19,233,962 $16,944,078 $0

SPIRIT COMMERCIAL AUTO RISK RETENTION GROUP14207 $53,108,710 $0 $113,987,316$60,878,606 $56,353,128 $35,720,077 $98,907,714$6,834,509 $15,079,602 $8,531

SPIRIT MOUNTAIN INSURANCE COMPANY RRG, INC10754 $5,965,482 $0 $6,180,514$215,032 $1,454,402 $477,616 $2,381,007$448,989 $3,799,507 ($449)

ST CHARLES INS CO RRG11114 $16,408,458 $0 $16,690,166$281,708 $1,669,612 $27,146 $2,597,312$900,554 $14,092,853 ($1,571)

Analysis of Risk Retention Groups

Page 26: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAICCash & Invested

AssetsReinsurance Recoverables

Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data

Other Assets Total AssetsLoss & LAE

ReservesUnearned

Premium Reserve Other Liabilities Total LiabilitiesPolicyholders'

Surplus

Prior Year-End Loss LAE Reserve Developed

(Savings)/Deficiency (000s)

ST LUKES HEALTH NETWORK INS CO RRG11688 $56,756,163 $0 $62,900,759$6,144,596 $38,830,658 $4,786,399 $43,500,005($117,052) $19,400,754 $110

STATES SELF-INSURERS RRG44075 $24,846,359 $0 $25,978,868$1,132,509 $14,387,405 $1,042,987 $16,754,408$1,324,016 $9,224,460 ($18)

STICO MUT INS CO RRG10476 $20,850,792 $0 $22,663,854$1,813,062 $4,533,279 $5,554,110 $10,425,079$337,690 $12,238,772 ($1,171)

SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC13135 $259,740 $0 $836,275$576,535 $0 $0 $167,958$167,958 $668,317 $0

SUNLAND RISK RETENTION GROUP, INC.14026 $711,168 $0 $5,319,371$4,608,203 $467,094 $236,009 $3,903,507$3,200,404 $1,415,864 ($32)

TERRA INS CO RRG10113 $20,812,726 $0 $31,758,806$10,946,080 $1,927,306 $3,599,280 $14,100,640$8,574,054 $17,658,166 ($1)

TERRAFIRMA RISK RETENTION GROUP LLC14395 $0 $0 $0$0 $0 $0 $0$0 $0 $0

THE HEALTHCARE UNDERWRITING CO RRG10152 $0 $0 $0$0 $0 $0 $0$0 $0 $0

TITAN INS CO INC RRG11153 $62,988,601 $0 $67,264,790$4,276,189 $0 $14,973,434 $18,235,127$3,261,693 $49,029,663 $0

TITLE INDUSTRY ASSURANCE CO RRG10084 $0 $0 $0$0 $0 $0 $0$0 $0 $0

TRANSPORT RISK SOLUTIONS RISK RETENTION GROUP, INC.16025 $531,467 $0 $996,253$464,786 $0 $0 $442,322$442,322 $553,931 $0

TRANSPORTATION INSURANCE SERVICES RISK RETENTION GROUP, INC.15767 $364,068 $0 $1,168,230$804,162 $373,650 $0 $506,452$132,802 $661,778 $0

TRINITY RISK SOLUTIONS RECIPROCAL INSURANCE COMPANY RRG11958 $8,088,894 $0 $8,743,300$654,406 $3,536,059 $569,124 $4,511,473$406,290 $4,231,827 $182

UNITED CENTRAL PA RRG11548 $17,252,185 $0 $20,650,813$3,398,628 $8,873,415 $2,254,937 $11,174,926$46,574 $9,475,887 $421

UNITED EDUCATORS INS RRG INC10020 $805,376,817 $0 $877,153,335$71,776,518 $469,530,240 $39,231,462 $576,670,291$67,908,589 $300,483,044 ($9,277)

UNITED HOME INSURANCE CO A RRG10712 $875,807 $0 $1,490,932$615,125 $0 $221,903 $362,291$140,388 $1,128,641 $0

URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 $4,490,099 $0 $5,398,590$908,491 $1,934,483 $1,104,505 $3,851,192$812,204 $1,547,398 $165

URGENT MD RISK RETENTION GROUP, INC.15908 $1,503,147 $188,439 $11,147,975$9,456,389 $3,401,748 $3,131,083 $8,281,105$1,748,274 $2,866,870 $0

UV INSURANCE RISK RETENTION GROUP, INC.13988 $0 $0 $0$0 $0 $0 $0$0 $0 $0

VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP11063 $2,581,952 $0 $2,650,298$68,346 $0 $0 $23,859$23,859 $2,626,439 $0

VELOCITY INSURANCE COMPANY, A RISK RETENTION GROUP15956 $866,282 $0 $2,369,510$1,503,228 $713,754 $93,425 $807,179$0 $1,562,331 $0

VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 $0 $0 $0$0 $0 $0 $0$0 $0 $0

WELLSPAN RRG11682 $20,741,586 $0 $31,913,156$11,171,570 $18,346,674 $5,268,954 $23,675,856$60,228 $8,237,300 ($1,789)

WESTERN CATHOLIC INSURANCE COMPANY RRG14122 $2,484,212 $0 $3,701,979$1,217,767 $1,998,233 $0 $2,196,574$198,341 $1,505,406 $414

WESTERN PACIFIC MUT INS CO RRG40940 $135,834,694 $0 $138,031,500$2,196,806 $8,372,781 $12,575,043 $25,811,179$4,863,355 $112,220,321 ($1,084)

YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)11796 $18,414,354 $0 $23,292,218$4,877,864 $7,295,208 $2,213,744 $13,042,023$3,533,071 $10,250,195 $565

Analysis of Risk Retention Groups

Page 27: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAICDirect Premium

WrittenNet Premium

Written

Risk Retention Groups - Selected Statutory Income Statement Data

Net Premium Earned

Loss & Loss Adjusted

Expenses IncurredNet Operating Gains/Losses

Net Investment Gains/Losses Net Income/Loss

Other Underwriting

Expenses

ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP

12934 $393,151 $322,938 $162,366$430,883 $149,688 $0 $206,413$118,829

ADVANCED PHYSICIANS INS RRG INC12166 $133,306 $133,306 $0$68,078 ($5,223) $888 ($4,335)$73,301

AEGIS HEALTHCARE RRG, INC.12252 $1,733,252 $959,963 $401,364$475,009 ($151,133) $9,971 ($95,990)$224,778

AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP13677 $1,514,987 $368,211 $150,000$184,107 ($9,482) $250,757 $241,275$43,589

AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP13606 $0 $0 $0$0 $0 $0 $0$0

AGRI INSURANCE EXCHANGE RRG28380 $948,168 $948,168 ($105,937)$474,084 $460,408 $267,184 $540,492$119,613

ALLEGIANT INS CO INC A RRG11965 $8,681,276 $3,472,511 $1,422,044$3,472,511 $1,577,595 $262,138 $1,245,844$472,872

ALLIANCE OF NONPROFITS FOR INS RRG10023 $19,475,373 $14,313,691 $9,692,857$14,852,796 $274,615 $846,077 $1,210,229$4,885,324

ALLIED PREMIER INSURANCE A RRG15639 $0 $0 ($31,867)$0 $245,277 $6,023 $306,483$206,457

ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 $7,869,176 $4,853,501 $3,785,637$5,986,044 $61,430 $262,742 $400,238$2,138,977

ALLIED SERVICES RISK RETENTION GROUP12013 $8,394 $8,394 $234,284$511,723 $146,771 $32,454 $179,225$130,668

AMERICAN ASSOC OF OTHODONTISTS RRG10232 $0 $0 $0$0 $0 $0 $0$0

AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 $217,892 $43,345 $10,549$39,721 ($42,784) $2,284 ($40,500)$71,956

AMERICAN CONTRACTORS INS CO RRG12300 $48,118,292 $0 $0$0 $327,494 $74,199 $264,551($327,494)

AMERICAN EXCESS INS EXCHANGE RRG10903 $24,384,082 $21,665,214 $2,584,678$10,794,137 $5,490,455 $8,488,576 $13,981,985$2,719,004

AMERICAN FOREST CASUALTY COMPANY RRG11590 $1,297,936 $940,986 $556,769$863,953 ($35,251) $109,033 $69,397$342,435

AMERICAN RISK MGMT RRG INC.15853 $887,090 $887,090 $807,609$1,404,536 $90,502 $3,823 $8,355$506,425

AMERICAN SAFETY RRG INC25448 $223,179 $110,537 $114,985$149,739 ($277,455) $78,763 ($198,692)$312,209

AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG11534 $15,677,089 $10,785,915 $6,734,366$7,747,187 ($843,565) $183,369 ($582,301)$1,856,386

AMERIGUARD RRG INC12171 $0 $0 ($798,733)$0 $726,093 $0 $471,960$72,640

A-ONE COMMERCIAL INSURANCE RISK RETENTION GROUP, INC.15597 $4,709,405 $4,124,602 $2,936,855$3,248,028 ($592,329) $79,032 ($519,769)$903,502

APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 $20,707,717 $19,274,769 $14,063,480$19,359,672 ($1,547,938) $2,968,177 $1,026,445$6,844,130

ARCHITECTS & ENGINEERS INS CO RRG44148 $1,357,168 $513,652 $617,018$881,454 ($22,656) $231,664 $208,702$287,092

ARCOA RISK RETENTION GROUP, INC.13177 $5,711,707 $5,711,707 $2,427,547$5,711,707 $791,814 $157,572 $618,272$2,492,346

ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP13580 $571,700 $520,247 $0$439,326 $171,224 $37,412 $208,636$268,102

ASPEN SPECIALTY RISK RETENTION GROUP, INC.15354 $0 $0 ($725)$0 ($67,174) $0 ($67,174)$67,899

ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 $0 $0 ($14,202)$0 ($59,393) $8,148 ($51,245)$73,595

ASSOCIATION OF CERTIFIED MORTGAGE ORIGINATORS RISK RETENTION GROUP, INC.

14425 $1,062,515 $87,477 $19,445$87,477 $44,543 $188 $29,523$23,489

ATTORNEYS INSURANCE MUTUAL OF THE SOUTH, INC RRG33677 $1,922,461 $1,419,338 $562,209$1,310,261 ($253,321) $96,621 ($156,700)$1,001,373

ATTORNEYS INSURANCE MUTUAL RRG INC22670 $0 $0 $1,036,478$1,549,915 ($348,471) $199,530 ($3,452)$861,908

ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 $353,388,903 $198,637,824 $45,552,528$98,648,728 $29,367,709 $7,760,073 $20,237,062$23,728,491

ATTORNEYS LIAB PROTECTION SOC RRG32450 $27,046,345 $18,225,731 $9,823,265$15,481,585 $10,548 $1,764,877 $1,161,077$5,647,772

ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 $2,152,356 $43,047 $28,592$36,943 ($5,847) $0 ($4,001)$14,198

AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 $0 $0 $0$0 $0 $0 $0$0

AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 $615,714 $615,714 $466,044$210,756 ($525,804) $2,395 ($459,690)$270,516

BAR VERMONT RISK RETENTION GROUP INC10174 $0 $0 $681,868$1,001,332 ($585,239) $1,404,705 $598,357$904,703

BAY INSURANCE RISK RETENTION GROUP, INC.15582 $0 $0 $0$0 ($65,309) $0 $70,440$65,309

BEACONHARBOR MUTUAL RISK RETENTION GROUP14487 $0 $0 $0$88 ($4,177) $785 ($3,392)$4,265

BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 $16,989,793 $10,620,460 $4,936,666$5,221,450 $165,402 $193,336 $226,497$119,382

BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP13010 $557,692 $474,038 $6,745$379,178 $80,548 $24,040 $72,351$291,885

BROADLINE RISK RETENTION GROUP, INC.13788 $0 $0 $9,203,767$9,234,260 ($942,160) $2,193,425 $1,298,263$972,653

BTTS INSURANCE RISK RETENTION GROUP, INC.15591 $0 $0 $0$0 ($66,607) $0 ($10,794)$66,607

C.A.R. RISK RETENTION GROUP, INC.15921 $370,779 $370,779 $177,487$370,779 $98,711 $0 $98,711$94,581

Analysis of Risk Retention Groups

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CALIFORNIA HEALTHCARE INS CO INC RRG44504 $15,774,439 $10,577,271 $8,722,803$9,743,502 $12,306 $1,131,387 $743,693$1,008,393

CALIFORNIA MEDICAL GRP INS CO RRG12180 $4,992,276 $4,992,276 $2,683,854$2,464,850 ($616,122) $132,287 ($459,062)$397,118

CARE RRG, INC.11825 $3,519,279 $3,062,938 $2,649,152$3,395,082 ($137,639) $115,547 $7,048$883,569

CAREGIVERS UNITED LIAB INS CO RRG11544 $4,142,404 $3,900,134 $1,886,871$2,550,137 $208,348 $1,040,989 $1,082,971$454,918

CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP12373 $26,656,291 $9,995,083 $3,566,669$5,095,241 ($342,419) $943,612 $601,193$1,870,991

CASSATT RISK RETENTION GROUP INC10808 $21,067 $0 $8,426$50,000 $53,214 $18,779 $47,515($11,640)

CENTRAL PA PHYSICIANS RRG INC11694 $7,627,240 $7,627,240 $4,839,680$5,468,854 ($1,601,855) $923,378 ($403,793)$2,231,029

CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 $2,704,051 $2,584,064 $1,325,090$2,963,972 $392,095 $72,602 $317,359$1,246,787

CHEROKEE GUARANTEE COMPANY INC., RRG14388 $7,564,694 $7,564,694 $2,394,068$3,881,514 $1,172,987 $171,451 $652,459$314,459

CIRCLE STAR INS CO RRG11839 $9,519,075 $475,955 $168,367$245,195 $414,503 ($62) $273,532($337,675)

CLAIM PROFESSIONALS LIAB INS CO RRG12172 $1,486,076 $364,792 $135,382$319,938 ($16,721) $13,320 $2,646$201,277

CLARIAN HLTH RRG INC11992 $19,677,262 $19,677,262 $350,975$0 ($2,101,312) $1,427 $20,034$1,750,337

CMIC RISK RETENTION GROUP13756 $2,458,067 $93,648 $113,695($3,896) $36,720 ($114) $36,606($154,311)

COLLEGE LIABILITY INS CO A RECIP RRG44598 $0 $0 $1,913,015$1,696,584 ($568,753) $619,559 $50,806$352,323

COLLEGE RISK RETENTION GROUP, INC.13613 $55,011 $55,011 $2,680,581$3,000,357 ($226,052) $250,634 $24,582$545,828

COLUMBIA NATIONAL RRG INC10803 $145,230 $145,230 $0$103,663 $50,304 $3,720 $35,116$53,359

COMCARE PRO INS RECIPROCAL RRG11864 $482,008 $482,008 $1,000,000$1,037,442 ($160,480) $53,040 ($107,440)$197,922

COMMERCIAL HIRECAR INSURANCE COMPANY, A RISK RETENTION GROUP15836 $2,073,773 $678,027 $514,767$621,251 ($185,850) ($3,608) ($125,042)$292,334

COMMUNITIES OF FAITH RRG INC11807 $1,147,504 $1,147,504 $333,362$574,760 ($21,199) $163,894 $143,455$262,597

COMMUNITY BLOOD CENTERS EXCH RRG13893 $978,641 $583,771 $501,113$961,320 ($120,255) $166,495 $46,240$580,462

COMMUNITY CARE RISK RETENTION GROUP, INC.15798 ($60,029) ($60,029) $941,312$1,104,214 ($13,845) $33,011 $12,477$176,747

COMMUNITY HEALTH ALLIANCE RECIP RRG11536 $0 $0 $119,276$0 ($716,136) $262,035 ($458,701)$596,860

COMMUNITY HOSPITAL RRG11259 $40,780,342 $36,482,246 $13,181,581$18,241,123 $1,681,328 $3,078,562 $4,976,068$3,378,214

COMPASS SPECIALTY INSURANCE RISK RETENTION GROUP, INC.15867 $1,605,456 $1,199,344 $258,034$732,058 $142,472 $3,061 $57,499$331,552

CONSUMER SPECIALTIES INSURANCE COMPANY RRG10075 $443,413 $184,200 $157,892$238,984 ($157,537) $89,877 ($56,469)$238,629

CONTINUING CARE RRG, INC.11798 $2,575,234 $2,376,167 $648,421$1,313,134 $157,585 ($765) $156,819$507,128

CONTRACTORS INS CO OF NORTH AMER RRG11603 $5,942,098 $1,069,577 ($1,559,729)$1,099,313 $2,194,287 $77,661 $1,478,818$464,755

CONTROLLED RISK INS CO OF VT RRG10341 $155,117,144 $21,716,400 $3,880,000$10,858,200 $809,909 $922,183 $1,143,185$6,168,291

COPIC, A RISK RETENTION GROUP14906 $212,660 $9,030 $0$4,840 ($5,827) ($10,500) ($16,327)$10,667

COUNTY HALL INSURANCE COMPANY, INC., A RISK RETENTION GROUP15947 $2,543,977 $2,170,716 $1,796,532$2,332,010 ($289,483) $3,280 ($285,226)$824,961

COVERYS RRG, INC.14160 $16,118,845 $663,801 $1,395,611$563,670 ($793,105) $182,686 ($1,251,687)($38,836)

CPA MUTUAL INS CO OF AMERICA RRG10164 $3,994,376 $1,865,561 $1,791,748$2,305,263 $33,402 $319,735 $373,541$480,113

CROSSFIT RISK RETENTION GROUP, INC.13720 $1,938,337 $1,453,753 $376,032$983,487 ($127,672) $17,005 ($93,167)$735,127

CRUDEN BAY RRG INC11676 $2,000,000 $2,000,000 $991,781$991,781 ($104,724) $412,011 $307,287$104,724

CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 $0 $812,324 $0$812,324 $462,468 $27,265 $468,092$349,856

DAN RISK RETENTION GROUP, INC.15928 $0 $0 $0$0 $0 $0 $0$0

DOCTORS COMPANY RISK RETENTION GROUP, A RECIPROCAL EXCHANGE14347 $17,025,775 $9,539,913 $1,460,931$782,051 $195,369 ($173,164) ($119,678)($874,249)

DOCTORS PROFESSIONAL LIABILITY RRG, INC.15893 $733,583 $627,956 $308,700$549,986 ($26,024) $1,749 ($16,146)$267,310

DUBOIS MEDICAL RRG11842 $0 $0 $0$0 $0 $0 $0$0

EASTERN DENTISTS INS CO RRG10115 $4,120,635 $3,419,808 $3,144,932$5,241,553 ($476,371) $614,654 $122,230$2,572,992

ELITE TRANSPORTATION RRG INC10125 $6,516,613 $4,351,353 $1,605,004$2,414,321 ($304,445) $38,088 $436,453$1,113,762

EMERGENCY CAPITAL MANAGEMENT, LLC, RRG14163 $3,759,174 $3,023,636 $1,090,179$1,526,682 $282,246 $46,510 $120,855$154,257

EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)12003 $1,372,487 $1,473,589 $1,389,374$2,575,652 $134,502 $129,448 $200,985$1,051,776

EMERGENCY PHYSICIANS INSURANCE EXCHANGE RRG (EPIX)11714 $4,425,328 $3,581,440 $2,151,808$2,399,054 ($495,842) $274,131 ($99,697)$743,088

EVERGREEN USA RRG INC38466 $0 $0 $0$0 $0 $0 $0$0

Analysis of Risk Retention Groups

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EXCELA RECIPROCAL RRG15337 $3,716,486 $3,716,486 $1,590,827$1,859,925 $101,759 $37,343 $139,102$167,339

FAIRWAY PHYSICIANS INS CO RRG11840 $0 $0 $0$0 $0 $0 $0$0

FIRST MEDICAL INS CO RRG11278 $0 $0 $4,977,739$5,205,857 ($37,553) $3,673,662 $3,636,109$265,671

FORT WAYNE MEDICAL SURETY COMPANY, RRG12625 $856,998 $856,998 $163,461$437,079 $21,487 $27,419 $46,142$252,132

FRANKLIN CASUALTY INS CO RRG10842 $0 $0 $1,112,764$1,549,809 ($196,269) $6,365 ($189,904)$633,314

FREDERICKSBURG PROFESSIONAL RISK EXC12016 $2,008,251 $2,008,251 $964,021$1,004,125 ($74,893) $721,742 $646,849$114,997

GABLES RISK RETENTION GROUP, INC.14032 $3,303,062 $3,303,062 $917,011$1,620,562 $541,961 $61,541 $395,325$161,589

GEISINGER INS CORP RRG12000 $0 $0 $0$614,896 $322,429 $4,333 $326,762$292,467

GERIC INSURANCE RISK RETENTION GROUP, INC.13782 $480,566 $275,977 ($82,446)$255,921 $262,916 $0 $172,120$75,451

GLOBAL HAWK INSURANCE COMPANY RRG11948 $18,230,649 $12,951,740 $11,121,388$11,641,893 ($1,815,685) $55,597 ($1,760,088)$2,336,190

GOLDEN INS CO RRG11145 $2,554,980 $1,954,980 $1,387,209$2,084,883 $127,798 $120,913 $164,147$569,876

GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 $2,596,000 $2,596,000 $261,684$1,298,000 $868,995 $46,073 $915,068$167,321

GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.

13973 $1,022,898 $776,929 $329,613$399,419 ($179,256) $2,441 ($177,181)$249,062

GRACO RRG INC11581 $1,579,161 $0 $0$0 $83,417 $1,023 $83,253($83,417)

GREEN HILLS INS CO RRG11941 $0 $0 $95,000$1,944,634 $1,369,444 $19,645 $1,023,287$480,190

GUARDIAN RRG INC11696 $0 $0 $0$0 $0 $0 $0$0

GUTHRIE RRG12014 $0 $0 $2,233,271$3,728,548 $1,265,921 $1,358,732 $2,624,652$229,356

HAMDEN ASSURANCE RRG, INC.13057 $0 $0 $0$0 ($22,106) $5,044 ($17,062)$22,106

HEALTH CARE CAS RRG INC12236 $0 $0 $32,353$127,892 ($166,064) $39,274 ($102,995)$261,603

HEALTH CARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG11832 $20,302,811 $1,822,800 $1,367,753$1,798,799 $356,574 $105,132 $311,062($3,040,810)

HEALTH NETWORK PROVIDERS MUT INS CO11813 $387,156 $249,523 $268,700$412,696 $38,279 $67,477 $18,422$105,716

HEALTH PROVIDERS INS RECIPROCAL RRG10080 $4,497,193 $3,160,275 $3,539,429$3,478,105 ($1,187,967) $133,510 ($1,054,458)$1,126,643

HEALTHCARE PROVIDERS INS CO RRG11683 $5,850,211 $5,700,926 $3,707,081$4,699,339 ($1,003,132) $392,345 ($605,325)$1,995,390

HOME CONSTRUCTION INS CO RRG11950 $0 $0 $0$0 $0 $0 $0$0

HOSPITALITY RISK RETENTION GROUP, INC.16038 $1,802,030 $1,396,987 $479,149$691,065 ($125,187) $7,919 ($75,900)$337,103

HOUSING AUTHORITY RRG INC26797 $17,536,268 $17,726,548 $11,312,887$16,172,225 ($2,635,156) $3,673,321 $1,037,703$7,494,494

HPIC RISK RETENTION GROUP15866 $4,276 $363 $6,435$1,612 ($139,965) ($1,255) ($141,220)$135,142

ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 $25,356,008 $9,618,658 $3,839,995$13,676,096 $3,864,386 $4,637,527 $5,866,998$5,971,715

INDIANA HEALTHCARE RECIP RRG11692 $7,774,992 $7,774,992 $2,775,047$3,887,496 $105,108 $500,093 $565,806$1,007,341

INNOVATIVE PHYSICIAN SOLUTIONS RRG12320 ($35,300) ($35,300) $424,500$631,808 ($95,711) $11,724 ($83,987)$303,019

IQS INSURANCE RISK RETENTION GROUP, INC.15080 $425,286 $425,286 $117,332$212,517 $7,196 $1,452 $8,648$87,989

IRONSHORE RISK RETENTION GROUP, INC.14375 $262,960 $13,148 $29,383$36,729 ($163,871) $279 ($163,592)$171,217

J.M. WOODWORTH RRG, INC.12594 $0 $0 ($323,257)$0 $27,152 ($12,258) $14,894$296,105

KENTUCKIANA MEDICAL RECIPROCAL RRG11872 $0 $0 $0$0 $0 $0 $0$0

KENTUCKY HOSPITAL INS CO RRG11939 $4,428,804 $4,428,804 $509,129$1,215,352 $183,246 $250,619 $517,948$522,977

LAKE STREET RRG INC11803 $409,000 $409,000 $101,127$204,500 $27,209 $0 $27,209$76,164

LAMMICO RRG, INC.14444 $240,091 $8,077 $16,905$8,231 ($188) $93,859 $98,173($8,486)

LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 $4,820,300 $3,943,376 $2,977,615$4,652,522 ($27,075) $187,200 ($1,882,079)$1,701,982

LONE STAR ALLIANCE, INC., A RISK RETENTION GROUP15211 $12,038,782 $405,370 $358,739$326,185 $499,391 $6,390 $382,980($531,945)

LVHN RRG11684 ($2,878,004) ($2,878,004) $2,293,198$0 ($3,114,730) $3,114,730 $0$430,140

MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP12554 $93,870 $71,317 $818,051$576,049 ($355,742) $19,616 ($196,159)$113,740

MARATHON FIN INS CO INC RRG11117 $138,006 $138,006 ($35,000)$118,316 $27,938 $22,854 $48,599$125,378

MCIC VERMONT INC RRG10697 $0 $0 $0$0 $0 $0 $0$0

MD RISK RETENTION GROUP, INC.12355 $0 $0 $0$0 $0 $0 $0$0

Analysis of Risk Retention Groups

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MED MAL RISK RETENTION GROUP, INC.14446 $2,062,352 $159,832 $51,096$42,510 ($67,589) $12,090 ($19,047)$59,003

MEDAMERICA MUTUAL RRG INC26257 $30,922,290 $24,432,749 $9,705,668$12,260,227 $2,047,665 $1,332,529 $2,230,928$506,894

MEDCHOICE RISK RETENTION GROUP, INC.15738 $350,338 $17,517 $12,550$20,918 ($456,008) $1,120 ($14,739)$464,376

MEDPRO RRG RISK RETENTION GROUP13589 $69,843,456 $1,395,391 $1,107,211$1,316,629 ($187,193) $99,263 ($68,407)$396,611

MENTAL HEALTH RISK RETENTION GROUP44237 $5,065,140 $2,013,394 $335,275$2,008,015 $1,314,900 $202,691 $1,014,092$357,840

MICA RISK RETENTION GROUP, INC.15527 $0 $0 $0$0 ($10,578) $804 ($9,774)$10,578

MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 $1,335,000 $1,335,000 $470,365$1,094,718 ($85,050) $72,551 ($8,250)$709,403

MLM RISK RETENTION GROUP, INC.16026 $7,416 $371 $0$103 ($9,395) ($1,076) ($10,471)$9,498

MMIC RRG, INC.14062 $47,576 $2,378 $0$2,376 ($9,932) $0 ($9,932)$12,308

MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 $0 $0 $73,500$71,000 ($94,447) $0 ($48,391)$94,446

MOUNTAIN LAUREL RRG INC11547 $0 $0 $733,703$2,319,892 $597,248 $174,980 $772,228$988,941

MOUNTAIN STATES HEALTHCARE RECIP RRG11585 $25,933,741 $24,181,981 $14,843,705$12,090,991 ($4,113,467) $960,485 ($3,150,745)$1,360,753

NASW RISK RETENTION GROUP, INC.14366 $4,129,731 $2,335,307 $832,127$2,062,336 $578,020 $106,407 $455,817$652,190

NATIONAL ASSISTED LIVING RRG, INC.11806 $1,352,696 $1,352,696 $696,394$1,040,657 ($157,035) $74,021 ($83,014)$501,297

NATIONAL BUILDERS & CONTRACTORS INS12235 $0 $0 ($184,999)($185,000) ($59,951) $14,345 ($45,210)$59,951

NATIONAL CATHOLIC RRG10083 $3,994,869 $1,550,077 $3,990,196$5,146,792 ($164,223) $545,477 $403,362$1,320,819

NATIONAL GUARDIAN RISK RETENTION GROUP36072 $1,950,668 ($229,933) $58,857($114,967) ($483,756) ($45,141) ($326,805)$309,932

NATIONAL HOME INSURANCE CO RRG44016 $0 $0 $1,863,082$963,665 ($1,251,777) $179,993 ($1,030,883)$352,360

NATIONAL INDEPENDENT TRUCKERS IC RRG11197 $5,262,696 $2,445,764 $1,202,985$1,973,268 ($91,827) $84,752 ($5,265)$862,110

NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.12529 $0 $0 $56,000$0 ($200,304) $20,429 ($185,190)$144,304

NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 $482,288 $427,288 $0$303,008 ($29,534) $179,637 $150,103$332,542

NATIONAL TRANSPORTATION INSURANCE COMPANY RISK RETENTION GROUP, LLC

16011 $2,964,846 $2,413,246 $298,845$753,304 $140,763 $1,914 $93,225$313,696

NCMIC RISK RETENTION GROUP, INC.14130 $4,377,053 $418,242 $257,138$384,739 $358,091 $3,920 $47,921($230,490)

NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP13792 $7,876,546 $1,912,102 $558,626$920,011 $92,759 $126,788 $71,909$268,626

NEW STAR RISK RETENTION GROUP, INC.12532 $0 $0 $0$0 $0 $0 $0$0

NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 $5,229,174 $4,862,908 $2,637,848$3,670,375 $91,064 $178,706 $185,686$941,463

OASIS RECIPROCAL RISK RETENTION GROUP13644 $752,066 $3,640,104 $806,652$1,711,643 $425,829 $66,277 $492,105$479,162

OCEANUS INS CO A RRG12189 $0 $0 $0$0 $0 $0 $0$0

OMS NATL INS CO RRG44121 $21,927,214 $19,716,066 $23,903,654$31,698,385 ($2,445,697) $5,744,967 $3,779,070$10,240,428

ONYX INSURANCE COMPANY, INC., A RISK RETENTION GROUP15208 $7,421,726 $6,201,198 $6,190,025$6,668,710 ($1,317,784) $28,333 ($819,600)$1,796,469

OOIDA RISK RETENTION GROUP INC10353 $26,609,982 $9,313,494 $6,503,612$8,774,778 ($693,080) $448,508 $32,924$2,964,246

OPHTHALMIC MUTUAL INS CO RRG44105 $18,371,564 $16,665,343 $10,499,927$17,901,822 ($113,068) $4,126,051 $3,013,409$7,514,963

ORANGE COUNTY MEDICAL RECIP INS RRG12183 $477,300 $477,300 $506,830$318,200 ($262,901) $126,810 ($136,091)$74,271

ORTHOFORUM INSURANCE COMPANY (A RISK RETENTION GROUP)14260 $1,877,301 $1,569,023 $3,392,300$3,272,881 ($704,407) $172,850 ($531,557)$584,988

P&S INSURANCE RISK RETENTION GROUP, INC.15583 $0 $0 $0$0 ($108,959) $0 ($39,391)$108,959

PACE RRG INC11575 $0 $0 $50,000$49,589 ($7,919) $24,066 $24,764$7,508

PALLADIUM RISK RETENTION GROUP, INC.15279 $28,199,152 $26,986,073 $12,441,027$13,499,740 ($58,430) $688,403 $409,482$1,117,143

PARATRANSIT INSURANCE COMPANY, RRG44130 $3,996,250 $2,943,883 $1,754,579$2,699,351 $142,202 $268,595 $275,565$802,571

PCH MUTUAL INSURANCE COMPANY, RRG11973 $1,505,592 $1,150,979 $714,234$1,232,965 ($3,285) $111,682 $160,975$522,016

PEACE CHURCH RRG INC11846 $2,962,177 $2,739,930 $914,810$1,369,410 ($82,435) $324,688 $840,636$537,035

PELICAN INS RRG11587 $3,547,982 $2,014,106 $1,562,556$866,163 ($1,540,727) $431,426 ($1,109,301)$844,334

PHOEBE RECIPROCAL RRG12004 $370,592 $370,592 $119,016$185,296 ($50,401) $154,021 $103,620$116,681

PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 $2,867,757 $2,255,688 $2,856,591$3,734,431 ($61,079) $116,356 $7,169$938,919

PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 $1,371,085 $1,371,085 $620,521$1,038,222 ($154,018) $56,326 ($82,450)$571,717

Analysis of Risk Retention Groups

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PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP12507 $13,394,252 $8,697,596 $3,810,020$3,355,106 ($1,457,796) $3,547,119 $1,420,354$1,002,882

PHYSICIANS PROFESSIONAL LIABILTY RRG11514 $2,939,827 $2,756,038 $1,546,454$2,034,810 $64,346 $531,762 $567,603$424,010

PHYSICIANS REIMBURSEMENT RRG10934 $2,414,939 $1,924,739 $887,365$954,460 ($756,487) $261,462 ($314,085)$823,582

PHYSICIANS SPECIALTY LTD RRG11513 $1,000 $1,000 $0$500 ($130,683) $151,194 $42,615$131,183

PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP13582 $6,118,639 $5,071,739 $1,862,530$2,502,000 $284,588 $154,323 $438,911$354,882

PINNACLE CONSORTIUM OF HIGHER ED RRG11980 $0 $0 $2,556,505$2,487,257 ($594,819) $1,105,300 $510,481$525,571

PLATINUM TRANSPORT INSURANCE RISK RETENTION GROUP, INC.15796 $0 $0 $0$0 $0 $0 $0$0

PONCE DE LEON LTC RRG, INC.11809 ($698) ($698) $28,122$40,511 ($212,938) $52,204 ($160,734)$225,327

PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 $0 $0 $0$0 $0 $0 $0$0

PREFERRED PHYSICIANS MEDICAL RRG44083 $17,920,034 ($73,824,565) ($63,934,081)($64,425,718) ($574,455) $123,893 $2,153,122$82,818

PREFERRED PROFESSIONAL RRG14919 $385,031 $40,428 $20,462$22,735 ($24,944) $0 ($24,944)$27,217

PROASSURANCE AMERICAN MUTUAL, A RISK RETENTION GROUP15647 $1,055,354 $53,738 $32,713$38,312 $99,207 $60,341 $112,832($93,608)

PROBUILDERS SPECIALTY INS CO RRG11671 $0 $0 $19$0 ($219,356) $58,791 ($160,565)$219,337

PROFESSIONAL EXCHANGE ASSURANCE COMPANY (A RISK RETENTION GROUP)14461 $0 $0 $0$0 $0 $0 $0$0

PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP

12608 $0 $0 $0$0 ($34,588) $0 ($29,400)$34,588

PROFESSIONALS RISK RETENTION GROUP, INC.13067 $0 $0 $0$0 $0 $0 $0$0

PROSPECT MEDICAL HOLDINGS RISK RETENTION GROUP, INC. IC15990 ($80,140) ($95,654) $4,309,024$4,362,346 ($205,977) $104,499 ($65,961)$259,299

PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 $1,816,371 $1,053,886 $251,325$522,612 $29,666 $62,951 $92,617$241,621

RECREATION RISK RETENTION GROUP, INC.15905 $884,240 $729,240 $202,528$578,651 $190,978 $9,521 $199,655$185,145

RED CLAY RISK RETENTION GROUP, INC.13078 $1,733,920 $1,571,441 $692,952$527,241 ($429,453) $53,967 ($194,239)$263,742

RED ROCK RISK RETENTION GROUP, INC.13736 $1,411,000 $1,411,000 $437,701$705,500 $97,602 $16,829 $166,122$170,197

REPUBLIC RRG12019 $0 $0 $0$0 $0 $0 $0$0

RESTORATION RISK RETENTION GROUP, INC.12209 $8,899,730 $7,665,869 $3,965,510$6,609,183 $1,179,758 $558,234 $1,306,646$1,463,915

ROMULUS INSURANCE RISK RETENTION GROUP, INC.15744 $750,000 $750,000 $191,078$290,006 $20,513 ($15,483) $5,030$78,415

RPX RRG14135 $0 $0 $0$0 $0 $0 $0$0

SAGE RISK RETENTION GROUP, INC.15631 $0 $0 $0$0 $0 $0 $0$0

SAINT LUKE'S HLTH SYSTEM RRG11712 $3,191,043 $2,082,908 $883,913$1,068,211 ($103,601) $431,077 $218,159$287,899

SAMARITAN RISK RETENTION GROUP, INC.12511 $3,213,534 $3,213,534 $3,774,031$4,629,109 $339,603 $2,372,429 $2,660,192$515,480

SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP12988 $6,383,621 $4,973,945 $1,976,388$3,301,058 ($93,154) $98,301 $191,024$1,417,824

SECURITY AMERICA RRG INC11267 $1,086,980 $784,344 $221,622$703,567 ($93,800) $15,910 ($51,978)$575,745

SELECT MD RRG14136 $0 $0 $0$0 $0 $0 $0$0

SENIORSFIRST RISK RETENTION GROUP, INC.16088 $0 $0 $0$0 $0 $0 $0$0

SIGMA RRG, INC.13557 $0 $0 $1,064,913$1,199,749 ($18,134) $501,401 $325,185$152,970

SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 $0 $0 $0$0 ($109,363) $747,406 $706,020$109,363

SPIRIT COMMERCIAL AUTO RISK RETENTION GROUP14207 $43,192,732 $29,416,281 $27,236,342$23,783,004 ($11,191,351) $81,139 ($5,518,451)$7,738,013

SPIRIT MOUNTAIN INSURANCE COMPANY RRG, INC10754 $1,217,960 $852,348 $65,397$842,861 $215,937 ($5,528) $138,870$561,527

ST CHARLES INS CO RRG11114 $998,465 $998,465 $98,491$993,825 $671,889 $273,725 $683,716$223,445

ST LUKES HEALTH NETWORK INS CO RRG11688 $1,962,436 $1,962,436 $5,133,363$5,520,840 ($123,284) $1,003,632 $453,387$510,761

STATES SELF-INSURERS RRG44075 $3,075,271 $1,150,165 $1,478,873$2,215,702 $137,411 $288,354 $425,766$599,418

STICO MUT INS CO RRG10476 $1,939,446 $1,423,695 $565,439$1,322,738 ($144,298) $175,357 $83,857$901,597

SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC13135 $2,649,688 $0 $50,716$0 $8,591 $1,711 $8,858($59,307)

SUNLAND RISK RETENTION GROUP, INC.14026 $4,865,641 $486,565 $121,267$250,555 $165,923 $32 $121,959$65,720

TERRA INS CO RRG10113 $10,948,714 $7,286,838 $622,838$3,687,557 $1,066,330 $90,203 $964,494$1,998,389

TERRAFIRMA RISK RETENTION GROUP LLC14395 $0 $0 $0$0 $0 $0 $0$0

Analysis of Risk Retention Groups

Page 32: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAICDirect Premium

WrittenNet Premium

Written

Risk Retention Groups - Selected Statutory Income Statement Data

Net Premium Earned

Loss & Loss Adjusted

Expenses IncurredNet Operating Gains/Losses

Net Investment Gains/Losses Net Income/Loss

Other Underwriting

Expenses

THE HEALTHCARE UNDERWRITING CO RRG10152 $0 $0 $0$0 $0 $0 $0$0

TITAN INS CO INC RRG11153 $14,520,021 $3,950,008 $0$2,985,436 $2,619,836 $191,727 $2,988,513$365,600

TITLE INDUSTRY ASSURANCE CO RRG10084 $0 $0 $0$0 $0 $0 $0$0

TRANSPORT RISK SOLUTIONS RISK RETENTION GROUP, INC.16025 $0 $0 $0$0 ($116,952) $1,821 $1,540$116,952

TRANSPORTATION INSURANCE SERVICES RISK RETENTION GROUP, INC.15767 $0 $0 $132,611$260,500 $52,768 $0 $34,282$75,121

TRINITY RISK SOLUTIONS RECIPROCAL INSURANCE COMPANY RRG11958 $1,658,027 $1,666,801 $746,058$1,097,677 $123,971 $39,634 $157,654$227,648

UNITED CENTRAL PA RRG11548 $4,509,873 $4,509,873 $2,123,544$2,254,937 ($56,745) $187,601 $130,856$188,138

UNITED EDUCATORS INS RRG INC10020 $42,527,509 $33,058,684 $54,111,160$70,820,007 ($76,699) $10,664,018 $10,500,100$16,785,546

UNITED HOME INSURANCE CO A RRG10712 $0 $0 $0$47,807 ($23,931) $39 ($15,530)$71,738

URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 $1,317,021 $420,117 $441,867$89,724 ($604,406) $18,119 ($389,864)$252,263

URGENT MD RISK RETENTION GROUP, INC.15908 $5,360,438 $4,355,484 $1,408,517$2,166,948 $314,214 $0 $207,382$444,217

UV INSURANCE RISK RETENTION GROUP, INC.13988 $0 $0 $0$0 $0 $0 $0$0

VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP11063 $0 $0 $0$0 ($7,816) $37,193 $29,377$7,816

VELOCITY INSURANCE COMPANY, A RISK RETENTION GROUP15956 $0 $0 $386,795$545,479 $54,484 $0 $54,484$104,200

VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 $0 $0 $0$0 $0 $0 $0$0

WELLSPAN RRG11682 $10,452,000 $10,452,000 $3,241,418$5,183,047 $1,683,714 $210,617 $1,894,331$257,915

WESTERN CATHOLIC INSURANCE COMPANY RRG14122 $0 $0 $415,044$628,705 $10,778 $11,415 $22,193$202,883

WESTERN PACIFIC MUT INS CO RRG40940 $2,238,287 $1,867,647 $1,678,668$1,558,159 ($2,525,602) $1,884,721 ($713,280)$2,405,093

YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)11796 $7,124,903 $6,224,943 $1,684,708$4,011,199 $955,491 $216,190 $1,172,401$1,371,001

Analysis of Risk Retention Groups

Page 33: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAIC

Liquidity

Cash to Losses and

LAE Reserves

Risk Retention Groups - Selected Financial Ratios

Leverage

Loss & LAE Reserves to

PHS NPW to PHSLoss & LAE

Ratio Expense RatioDPW to PHSCombined

Ratio

ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP12934 39.66 363.35 30.1943.51 9.49 37.68 36.8011.56 74.48

ADVANCED PHYSICIANS INS RRG INC12166 10.03 8,359.32 1.2210.19 9.45 0.00 54.999.45 54.99

AEGIS HEALTHCARE RRG, INC.12252 156.75 112.46 78.33138.07 41.31 84.50 23.4274.58 107.91

AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP13677 34.38 928.85 13.3042.46 6.72 81.47 11.8427.64 93.31

AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP13606 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

AGRI INSURANCE EXCHANGE RRG28380 19.41 737.87 16.8024.06 6.32 -22.35 12.626.32 -9.73

ALLEGIANT INS CO INC A RRG11965 83.25 196.08 93.13152.02 30.88 40.95 13.6277.20 54.57

ALLIANCE OF NONPROFITS FOR INS RRG10023 75.58 180.52 128.44175.25 38.74 65.26 34.1352.71 99.39

ALLIED PREMIER INSURANCE A RRG15639 89.65 171.62 169.47260.75 0.00 0.00 0.000.00 0.00

ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 62.10 220.99 101.83139.74 23.77 63.24 44.0738.54 107.31

ALLIED SERVICES RISK RETENTION GROUP12013 30.17 376.69 37.7942.94 0.19 45.78 1,556.680.19 1,602.47

AMERICAN ASSOC OF OTHODONTISTS RRG10232 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 41.30 925.74 10.7040.91 7.13 26.56 166.0135.83 192.57

AMERICAN CONTRACTORS INS CO RRG12300 391.99 0.00 0.00389.87 0.00 0.00 0.00478.43 0.00

AMERICAN EXCESS INS EXCHANGE RRG10903 45.72 263.38 68.8082.85 12.83 23.95 12.5514.44 36.50

AMERICAN FOREST CASUALTY COMPANY RRG11590 49.81 317.38 53.6484.80 20.54 64.44 36.3928.34 100.84

AMERICAN RISK MGMT RRG INC.15853 97.25 226.91 71.79158.42 57.07 57.50 57.0957.07 114.59

AMERICAN SAFETY RRG INC25448 39.32 303.61 36.5743.66 2.03 76.79 282.454.10 359.24

AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG11534 109.07 151.71 283.13468.50 149.05 86.93 17.21216.64 104.14

AMERIGUARD RRG INC12171 42.03 363.86 47.1372.07 0.00 0.00 0.000.00 0.00

A-ONE COMMERCIAL INSURANCE RISK RETENTION GROUP, INC.15597 128.11 122.33 280.43439.45 152.38 90.42 21.91173.98 112.32

APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 95.88 153.84 163.91241.76 45.61 72.64 35.5149.00 108.15

ARCHITECTS & ENGINEERS INS CO RRG44148 82.76 330.67 40.04109.58 5.10 70.00 55.8913.48 125.89

ARCOA RISK RETENTION GROUP, INC.13177 61.65 177.86 120.69132.34 76.47 42.50 43.6476.47 86.14

ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP13580 29.59 2,140.57 4.3127.29 14.94 0.00 51.5316.42 51.53

ASPEN SPECIALTY RISK RETENTION GROUP, INC.15354 8.78 0.00 0.006.74 0.00 0.00 0.000.00 0.00

ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 6.47 1,678.01 6.206.73 0.00 0.00 0.000.00 0.00

ASSOCIATION OF CERTIFIED MORTGAGE ORIGINATORS RISK RETENTION GROUP, INC.14425 65.37 2,240.94 5.9386.89 7.73 22.23 26.8593.94 49.08

ATTORNEYS INSURANCE MUTUAL OF THE SOUTH, INC RRG33677 45.70 422.22 42.9382.82 23.02 42.91 70.5531.18 113.46

ATTORNEYS INSURANCE MUTUAL RRG INC22670 42.24 274.58 58.2967.61 0.00 66.87 0.000.00 0.00

ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 69.72 204.53 150.28214.30 30.55 46.18 11.9554.35 58.12

ATTORNEYS LIAB PROTECTION SOC RRG32450 72.99 197.45 136.26196.36 45.38 63.45 30.9967.34 94.44

ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 123.54 1,614.16 9.81195.66 4.02 77.39 32.98201.11 110.38

AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 121.29 124.21 186.17280.47 101.12 221.13 43.94101.12 265.06

BAR VERMONT RISK RETENTION GROUP INC10174 36.16 571.11 23.0747.65 0.00 68.10 0.000.00 0.00

BAY INSURANCE RISK RETENTION GROUP, INC.15582 82.29 0.00 0.0019.48 0.00 0.00 0.000.00 0.00

BEACONHARBOR MUTUAL RISK RETENTION GROUP14487 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 147.55 82.69 334.37407.98 115.83 94.55 1.12185.29 95.67

BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP13010 50.17 1,451.49 11.2481.86 25.64 1.78 61.5730.16 63.35

BROADLINE RISK RETENTION GROUP, INC.13788 72.51 138.77 212.41213.71 0.00 99.67 0.000.00 0.00

BTTS INSURANCE RISK RETENTION GROUP, INC.15591 27.75 0.00 0.0033.71 0.00 0.00 0.000.00 0.00

C.A.R. RISK RETENTION GROUP, INC.15921 101.63 110.73 20.9223.54 27.44 47.87 25.5127.44 73.38

CALIFORNIA HEALTHCARE INS CO INC RRG44504 62.93 207.57 93.05121.54 18.59 89.52 9.5327.72 99.06

CALIFORNIA MEDICAL GRP INS CO RRG12180 108.50 131.31 239.42341.10 117.70 108.89 7.95117.70 116.84

Analysis of Risk Retention Groups

Page 34: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAIC

Liquidity

Cash to Losses and

LAE Reserves

Risk Retention Groups - Selected Financial Ratios

Leverage

Loss & LAE Reserves to

PHS NPW to PHSLoss & LAE

Ratio Expense RatioDPW to PHSCombined

Ratio

CARE RRG, INC.11825 89.19 127.63 262.26298.53 62.82 78.03 28.8572.18 106.88

CAREGIVERS UNITED LIAB INS CO RRG11544 41.91 305.31 50.2364.26 15.12 73.99 11.6616.06 85.66

CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP12373 50.53 440.87 32.2471.82 19.25 70.00 18.7251.34 88.72

CASSATT RISK RETENTION GROUP INC10808 225.20 0.00 0.00198.53 0.00 16.85 0.000.56 0.00

CENTRAL PA PHYSICIANS RRG INC11694 63.89 211.78 108.92147.38 34.61 88.50 29.2534.61 117.75

CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 42.74 545.05 24.4056.85 20.20 44.71 48.2521.14 92.96

CHEROKEE GUARANTEE COMPANY INC., RRG14388 87.99 162.06 260.04370.81 161.74 61.68 4.16161.74 65.84

CIRCLE STAR INS CO RRG11839 236.50 365.00 44.35382.82 30.66 68.67 -70.95613.14 -2.28

CLAIM PROFESSIONALS LIAB INS CO RRG12172 54.23 621.04 22.5375.88 14.20 42.32 55.1857.87 97.49

CLARIAN HLTH RRG INC11992 109.63 0.00 0.00272.27 711.52 0.00 8.90711.52 0.00

CMIC RISK RETENTION GROUP13756 94.33 891.90 15.94134.10 3.26 -2,918.25 -164.7885.60 -3,083.03

COLLEGE LIABILITY INS CO A RECIP RRG44598 58.58 171.72 95.0195.58 0.00 112.76 0.000.00 0.00

COLLEGE RISK RETENTION GROUP, INC.13613 63.64 206.38 117.72154.62 0.56 89.34 992.220.56 1,081.56

COLUMBIA NATIONAL RRG INC10803 39.10 0.00 0.0052.24 11.67 0.00 36.7411.67 36.74

COMCARE PRO INS RECIPROCAL RRG11864 41.99 358.92 44.4967.05 16.02 96.39 41.0616.02 137.45

COMMERCIAL HIRECAR INSURANCE COMPANY, A RISK RETENTION GROUP15836 238.49 221.88 40.44214.00 45.32 82.86 43.12138.62 125.98

COMMUNITIES OF FAITH RRG INC11807 15.81 887.82 12.4617.49 9.20 58.00 22.889.20 80.88

COMMUNITY BLOOD CENTERS EXCH RRG13893 21.73 932.83 13.1626.68 3.84 52.13 99.436.43 151.56

COMMUNITY CARE RISK RETENTION GROUP, INC.15798 102.30 105.79 146.02158.03 -2.25 85.25 -294.44-2.25 -209.19

COMMUNITY HEALTH ALLIANCE RECIP RRG11536 82.37 201.95 197.66328.78 0.00 0.00 0.000.00 0.00

COMMUNITY HOSPITAL RRG11259 57.42 212.59 93.02113.56 29.84 72.26 9.2633.35 81.52

COMPASS SPECIALTY INSURANCE RISK RETENTION GROUP, INC.15867 67.06 998.47 15.49103.71 84.15 35.25 27.64112.64 62.89

CONSUMER SPECIALTIES INSURANCE COMPANY RRG10075 43.81 300.47 52.1068.58 7.41 66.07 129.5517.83 195.62

CONTINUING CARE RRG, INC.11798 335.25 51.31 125.41215.72 152.48 49.38 21.34165.26 70.72

CONTRACTORS INS CO OF NORTH AMER RRG11603 38.30 420.48 22.0735.54 3.91 -141.88 43.4521.70 -98.43

CONTROLLED RISK INS CO OF VT RRG10341 106.99 408.93 40.01175.04 54.22 35.73 28.40387.27 64.14

COPIC, A RISK RETENTION GROUP14906 31.48 7,152.59 1.4031.52 1.40 0.00 118.1333.08 118.13

COUNTY HALL INSURANCE COMPANY, INC., A RISK RETENTION GROUP15947 121.42 216.37 76.80201.77 96.69 77.04 38.00113.32 115.04

COVERYS RRG, INC.14160 55.93 471.39 32.9686.91 5.35 247.59 -5.85129.87 241.74

CPA MUTUAL INS CO OF AMERICA RRG10164 75.18 213.70 112.32180.44 32.03 77.72 25.7468.58 103.46

CROSSFIT RISK RETENTION GROUP, INC.13720 92.43 318.53 93.52275.31 73.01 38.23 50.5797.34 88.80

CRUDEN BAY RRG INC11676 61.64 201.85 109.77136.56 27.03 100.00 5.2427.03 105.24

CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 91.85 180.64 299.12496.31 23.72 0.00 43.070.00 43.07

DAN RISK RETENTION GROUP, INC.15928 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

DOCTORS COMPANY RISK RETENTION GROUP, A RECIPROCAL EXCHANGE14347 243.49 185.83 86.68392.20 246.98 186.81 -9.16440.78 177.64

DOCTORS PROFESSIONAL LIABILITY RRG, INC.15893 54.74 593.69 24.5079.62 36.09 56.13 42.5742.16 98.70

DUBOIS MEDICAL RRG11842 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

EASTERN DENTISTS INS CO RRG10115 62.47 213.28 93.80124.98 13.70 60.00 75.2416.51 135.24

ELITE TRANSPORTATION RRG INC10125 168.79 98.90 434.81725.85 291.15 66.48 25.60436.03 92.07

EMERGENCY CAPITAL MANAGEMENT, LLC, RRG14163 72.77 205.02 150.32224.27 103.22 71.41 5.10128.32 76.51

EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)12003 79.14 245.33 64.24124.71 17.42 53.94 71.3816.23 125.32

EMERGENCY PHYSICIANS INSURANCE EXCHANGE RRG (EPIX)11714 77.60 181.97 135.39191.18 37.38 89.69 20.7546.19 110.44

EVERGREEN USA RRG INC38466 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

EXCELA RECIPROCAL RRG15337 99.18 123.39 410.14501.92 171.84 85.53 4.50171.84 90.03

FAIRWAY PHYSICIANS INS CO RRG11840 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

Analysis of Risk Retention Groups

Page 35: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAIC

Liquidity

Cash to Losses and

LAE Reserves

Risk Retention Groups - Selected Financial Ratios

Leverage

Loss & LAE Reserves to

PHS NPW to PHSLoss & LAE

Ratio Expense RatioDPW to PHSCombined

Ratio

FIRST MEDICAL INS CO RRG11278 45.68 230.27 79.2883.40 0.00 95.62 0.000.00 0.00

FORT WAYNE MEDICAL SURETY COMPANY, RRG12625 50.05 415.41 40.1783.52 34.21 37.40 29.4234.21 66.82

FRANKLIN CASUALTY INS CO RRG10842 138.03 75.16 172.80179.27 0.00 71.80 0.000.00 0.00

FREDERICKSBURG PROFESSIONAL RISK EXC12016 54.70 211.84 52.6160.97 15.78 96.01 5.7315.78 101.73

GABLES RISK RETENTION GROUP, INC.14032 75.98 222.69 83.79141.77 82.13 56.59 4.8982.13 61.48

GEISINGER INS CORP RRG12000 18.09 603.74 2.793.05 0.00 0.00 0.000.00 0.00

GERIC INSURANCE RISK RETENTION GROUP, INC.13782 31.01 1,199,413.36 0.0130.72 9.23 -32.22 27.3416.07 -4.88

GLOBAL HAWK INSURANCE COMPANY RRG11948 115.74 128.15 829.821,230.81 326.04 95.53 18.04458.93 113.57

GOLDEN INS CO RRG11145 107.54 273.02 120.24353.04 64.36 66.54 29.1584.11 95.69

GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 39.96 382.36 35.4554.15 36.67 20.16 6.4536.67 26.61

GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.13973 181.89 295.48 32.74175.96 124.08 82.52 32.06163.36 114.58

GRACO RRG INC11581 128.00 0.00 0.00123.59 0.00 0.00 0.00262.40 0.00

GREEN HILLS INS CO RRG11941 52.93 206.75 99.26108.61 0.00 4.89 0.000.00 0.00

GUARDIAN RRG INC11696 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

GUTHRIE RRG12014 65.56 153.04 186.41187.01 0.00 59.90 0.000.00 0.00

HAMDEN ASSURANCE RRG, INC.13057 4,393.99 0.00 0.004,809.80 0.00 0.00 0.000.00 0.00

HEALTH CARE CAS RRG INC12236 90.02 160.09 303.59437.50 0.00 25.30 0.000.00 0.00

HEALTH CARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG11832 111.07 317.91 50.82179.45 10.53 76.04 -166.82117.25 -90.78

HEALTH NETWORK PROVIDERS MUT INS CO11813 71.64 165.23 124.91147.86 8.05 65.11 42.3712.50 107.48

HEALTH PROVIDERS INS RECIPROCAL RRG10080 27.46 492.68 25.6034.63 5.35 101.76 35.657.61 137.41

HEALTHCARE PROVIDERS INS CO RRG11683 46.27 308.70 55.8779.81 12.54 78.89 35.0012.87 113.89

HOME CONSTRUCTION INS CO RRG11950 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

HOSPITALITY RISK RETENTION GROUP, INC.16038 67.51 783.81 17.2991.47 53.50 69.33 24.1369.01 93.47

HOUSING AUTHORITY RRG INC26797 45.04 290.96 55.2772.43 10.15 69.95 42.2810.04 112.23

HPIC RISK RETENTION GROUP15866 43.81 734.61 24.1977.83 0.07 399.19 37,229.200.79 37,628.39

ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 28.05 541.90 23.3035.41 3.61 28.08 62.089.52 90.16

INDIANA HEALTHCARE RECIP RRG11692 47.71 263.68 69.5987.55 26.89 71.38 12.9626.89 84.34

INNOVATIVE PHYSICIAN SOLUTIONS RRG12320 101.22 170.39 315.60544.28 -3.51 67.19 -858.41-3.51 -791.22

IQS INSURANCE RISK RETENTION GROUP, INC.15080 114.12 179.20 27.7356.71 33.84 55.21 20.6933.84 75.90

IRONSHORE RISK RETENTION GROUP, INC.14375 582.36 64.94 42.03158.95 1.61 80.00 1,302.2332.16 1,382.23

J.M. WOODWORTH RRG, INC.12594 105.90 94.43 364.97364.97 0.00 0.00 0.000.00 0.00

KENTUCKIANA MEDICAL RECIPROCAL RRG11872 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

KENTUCKY HOSPITAL INS CO RRG11939 63.56 206.57 108.71142.73 55.13 41.89 11.8155.13 53.70

LAKE STREET RRG INC11803 38.10 379.40 35.9651.98 27.18 49.45 18.6227.18 68.07

LAMMICO RRG, INC.14444 5.08 7,816.99 1.315.20 0.15 205.38 -105.064.34 100.32

LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 130.40 111.48 333.70485.08 119.52 64.00 43.16146.10 107.16

LONE STAR ALLIANCE, INC., A RISK RETENTION GROUP15211 135.02 425.77 36.78211.46 11.72 109.98 -131.22348.15 -21.24

LVHN RRG11684 100.73 0.00 0.001,179.54 -57.56 0.00 -14.95-57.56 0.00

MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP12554 53.18 201.25 84.2590.17 3.56 142.01 159.494.68 301.50

MARATHON FIN INS CO INC RRG11117 45.08 0.00 0.0069.70 7.10 -29.58 90.857.10 61.27

MCIC VERMONT INC RRG10697 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

MD RISK RETENTION GROUP, INC.12355 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

MED MAL RISK RETENTION GROUP, INC.14446 83.35 369.81 48.43149.26 11.59 120.20 36.92149.56 157.11

MEDAMERICA MUTUAL RRG INC26257 68.52 214.48 97.02142.58 48.17 79.16 2.0760.97 81.24

MEDCHOICE RISK RETENTION GROUP, INC.15738 23.10 6,826.74 1.5123.78 0.89 60.00 2,651.0017.86 2,711.00

Analysis of Risk Retention Groups

Page 36: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAIC

Liquidity

Cash to Losses and

LAE Reserves

Risk Retention Groups - Selected Financial Ratios

Leverage

Loss & LAE Reserves to

PHS NPW to PHSLoss & LAE

Ratio Expense RatioDPW to PHSCombined

Ratio

MEDPRO RRG RISK RETENTION GROUP13589 218.98 575.55 100.701,269.21 20.48 84.09 28.421,024.90 112.52

MENTAL HEALTH RISK RETENTION GROUP44237 41.16 308.60 51.8565.87 11.38 16.70 17.7728.64 34.47

MICA RISK RETENTION GROUP, INC.15527 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 97.58 155.38 193.54293.44 76.22 42.97 53.1476.22 96.11

MLM RISK RETENTION GROUP, INC.16026 1.08 0.00 0.001.08 0.04 0.00 2,560.110.76 2,560.11

MMIC RRG, INC.14062 39.42 0.00 0.0012.35 0.43 0.00 517.588.70 517.58

MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 117.41 127.56 30.0044.93 0.00 103.52 0.000.00 0.00

MOUNTAIN LAUREL RRG INC11547 59.53 189.40 129.09145.56 0.00 31.63 0.000.00 0.00

MOUNTAIN STATES HEALTHCARE RECIP RRG11585 79.47 155.28 220.89272.59 79.62 122.77 5.6385.39 128.39

NASW RISK RETENTION GROUP, INC.14366 38.05 864.00 14.7748.55 22.14 40.35 27.9339.16 68.28

NATIONAL ASSISTED LIVING RRG, INC.11806 52.31 289.70 64.8498.27 30.92 66.92 37.0630.92 103.98

NATIONAL BUILDERS & CONTRACTORS INS12235 44.19 251.36 71.4779.38 0.00 100.00 0.000.00 0.00

NATIONAL CATHOLIC RRG10083 78.31 142.31 256.75286.12 9.05 77.53 85.2123.33 162.74

NATIONAL GUARDIAN RISK RETENTION GROUP36072 60.66 242.72 59.0486.93 -3.77 -51.19 -134.7932.01 -185.99

NATIONAL HOME INSURANCE CO RRG44016 64.10 313.24 74.92150.44 0.00 193.33 0.000.00 0.00

NATIONAL INDEPENDENT TRUCKERS IC RRG11197 89.45 225.14 44.6389.89 29.92 60.96 35.2564.37 96.21

NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.12529 25.48 0.00 0.0020.99 0.00 0.00 0.000.00 0.00

NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 16.47 0.00 0.0019.07 4.01 0.00 77.834.52 77.83

NATIONAL TRANSPORTATION INSURANCE COMPANY RISK RETENTION GROUP, LLC16011 132.06 710.36 19.04178.59 152.70 39.67 13.00187.60 52.67

NCMIC RISK RETENTION GROUP, INC.14130 65.84 294.17 39.2275.97 9.73 66.83 -55.11101.88 11.73

NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP13792 82.93 2,306.25 12.62241.32 28.47 60.72 14.05117.28 74.77

NEW STAR RISK RETENTION GROUP, INC.12532 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 124.13 107.92 293.50393.19 95.86 71.87 19.36103.08 91.23

OASIS RECIPROCAL RISK RETENTION GROUP13644 104.74 171.99 112.37202.42 70.40 47.13 13.1614.54 60.29

OCEANUS INS CO A RRG12189 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

OMS NATL INS CO RRG44121 44.84 295.00 56.8175.15 8.03 75.41 51.948.93 127.35

ONYX INSURANCE COMPANY, INC., A RISK RETENTION GROUP15208 118.01 131.24 203.23314.77 80.60 92.82 28.9796.46 121.79

OOIDA RISK RETENTION GROUP INC10353 126.52 170.69 145.82314.90 40.31 74.12 31.83115.16 105.94

OPHTHALMIC MUTUAL INS CO RRG44105 26.57 678.08 19.3234.80 7.87 58.65 45.098.67 103.75

ORANGE COUNTY MEDICAL RECIP INS RRG12183 19.37 704.21 17.5123.87 9.91 159.28 15.569.91 174.84

ORTHOFORUM INSURANCE COMPANY (A RISK RETENTION GROUP)14260 116.25 99.72 666.82773.00 62.17 103.65 37.2874.38 140.93

P&S INSURANCE RISK RETENTION GROUP, INC.15583 243.99 0.00 0.0057.34 0.00 0.00 0.000.00 0.00

PACE RRG INC11575 48.44 508.76 22.6055.70 0.00 100.83 0.000.00 0.00

PALLADIUM RISK RETENTION GROUP, INC.15279 101.57 147.57 470.07704.53 216.04 92.16 4.14225.75 96.30

PARATRANSIT INSURANCE COMPANY, RRG44130 58.73 291.17 63.02107.77 21.07 65.00 27.2628.61 92.26

PCH MUTUAL INSURANCE COMPANY, RRG11973 59.08 244.10 78.47113.16 35.26 57.93 45.3546.13 103.28

PEACE CHURCH RRG INC11846 33.00 443.58 30.2644.30 16.76 66.80 19.6018.12 86.40

PELICAN INS RRG11587 32.34 545.68 26.0345.95 15.75 180.40 41.9227.74 222.32

PHOEBE RECIPROCAL RRG12004 30.65 394.29 34.1441.26 12.28 64.23 31.4912.28 95.72

PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 107.71 146.87 301.34476.69 91.99 76.49 41.62116.95 118.12

PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 123.52 145.93 140.40253.08 78.83 59.77 41.7078.83 101.47

PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP12507 80.92 204.41 141.21233.56 32.11 113.56 11.5349.45 125.09

PHYSICIANS PROFESSIONAL LIABILTY RRG11514 50.32 362.24 48.3988.20 13.99 76.00 15.3814.93 91.38

PHYSICIANS REIMBURSEMENT RRG10934 68.67 158.37 167.10181.73 17.44 92.97 42.7921.88 135.76

PHYSICIANS SPECIALTY LTD RRG11513 54.24 246.62 68.5691.71 0.02 0.00 13,118.300.02 13,118.30

Analysis of Risk Retention Groups

Page 37: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAIC

Liquidity

Cash to Losses and

LAE Reserves

Risk Retention Groups - Selected Financial Ratios

Leverage

Loss & LAE Reserves to

PHS NPW to PHSLoss & LAE

Ratio Expense RatioDPW to PHSCombined

Ratio

PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP13582 44.79 326.84 43.4463.59 38.20 74.44 7.0046.09 81.44

PINNACLE CONSORTIUM OF HIGHER ED RRG11980 53.66 201.07 106.01114.39 0.00 102.78 0.000.00 0.00

PLATINUM TRANSPORT INSURANCE RISK RETENTION GROUP, INC.15796 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

PONCE DE LEON LTC RRG, INC.11809 23.07 440.75 28.8329.32 -0.02 69.42 -32,281.81-0.02 -32,212.39

PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

PREFERRED PHYSICIANS MEDICAL RRG44083 126.08 1,099.60 24.25336.15 -1,476.49 99.24 -0.11358.40 99.12

PREFERRED PROFESSIONAL RRG14919 75.48 758.85 14.6483.86 7.08 90.00 67.3267.45 157.32

PROASSURANCE AMERICAN MUTUAL, A RISK RETENTION GROUP15647 5.93 17,547.78 0.585.99 0.52 85.39 -174.1910.24 -88.81

PROBUILDERS SPECIALTY INS CO RRG11671 5.97 52,442.43 0.165.03 0.00 0.00 0.000.00 0.00

PROFESSIONAL EXCHANGE ASSURANCE COMPANY (A RISK RETENTION GROUP)14461 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP12608 6.77 1,806.41 5.857.15 0.00 0.00 0.000.00 0.00

PROFESSIONALS RISK RETENTION GROUP, INC.13067 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

PROSPECT MEDICAL HOLDINGS RISK RETENTION GROUP, INC. IC15990 74.59 150.68 239.34268.99 -2.69 98.78 -271.08-2.26 -172.30

PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 20.39 779.36 15.7825.08 17.12 48.09 22.9329.51 71.02

RECREATION RISK RETENTION GROUP, INC.15905 33.17 1,017.03 10.4735.33 23.08 35.00 25.3927.99 60.39

RED CLAY RISK RETENTION GROUP, INC.13078 71.95 230.11 67.20111.26 35.46 131.43 16.7839.12 148.21

RED ROCK RISK RETENTION GROUP, INC.13736 38.12 380.24 34.2249.60 28.93 62.04 12.0628.93 74.10

REPUBLIC RRG12019 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

RESTORATION RISK RETENTION GROUP, INC.12209 68.54 190.56 112.03146.32 22.56 60.00 19.1026.19 79.10

ROMULUS INSURANCE RISK RETENTION GROUP, INC.15744 108.55 202.57 35.3677.74 44.88 65.89 10.4644.88 76.34

RPX RRG14135 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

SAGE RISK RETENTION GROUP, INC.15631 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

SAINT LUKE'S HLTH SYSTEM RRG11712 60.19 229.40 47.0364.94 21.37 82.75 13.8232.73 96.57

SAMARITAN RISK RETENTION GROUP, INC.12511 48.66 312.57 53.3481.12 15.48 81.53 16.0415.48 97.57

SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP12988 112.06 139.14 241.56376.65 152.90 59.87 28.51196.23 88.38

SECURITY AMERICA RRG INC11267 99.49 149.84 137.42204.85 55.45 31.50 73.4076.84 104.90

SELECT MD RRG14136 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

SENIORSFIRST RISK RETENTION GROUP, INC.16088 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

SIGMA RRG, INC.13557 60.40 186.01 129.36145.34 0.00 88.76 0.000.00 0.00

SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 72.07 258.39 131.64245.16 0.00 0.00 0.000.00 0.00

SPIRIT COMMERCIAL AUTO RISK RETENTION GROUP14207 186.24 94.24 373.70655.90 195.07 114.52 26.31286.43 140.83

SPIRIT MOUNTAIN INSURANCE COMPANY RRG, INC10754 39.91 410.17 38.2862.67 22.43 7.76 65.8832.06 73.64

ST CHARLES INS CO RRG11114 15.83 982.77 11.8518.43 7.08 9.91 22.387.08 32.29

ST LUKES HEALTH NETWORK INS CO RRG11688 76.64 146.16 200.15224.22 10.12 92.98 26.0310.12 119.01

STATES SELF-INSURERS RRG44075 67.43 172.70 155.97181.63 12.47 66.75 52.1233.34 118.86

STICO MUT INS CO RRG10476 50.00 459.95 37.0485.18 11.63 42.75 63.3315.85 106.08

SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC13135 64.66 0.00 0.0025.13 0.00 0.00 0.00396.47 0.00

SUNLAND RISK RETENTION GROUP, INC.14026 548.89 152.25 32.99275.70 34.37 48.40 13.51343.65 61.91

TERRA INS CO RRG10113 67.75 1,079.89 10.9179.85 41.27 16.89 27.4262.00 44.31

TERRAFIRMA RISK RETENTION GROUP LLC14395 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

THE HEALTHCARE UNDERWRITING CO RRG10152 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

TITAN INS CO INC RRG11153 28.95 0.00 0.0037.19 8.06 0.00 9.2629.61 9.26

TITLE INDUSTRY ASSURANCE CO RRG10084 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

TRANSPORT RISK SOLUTIONS RISK RETENTION GROUP, INC.16025 83.23 0.00 0.0079.85 0.00 0.00 0.000.00 0.00

TRANSPORTATION INSURANCE SERVICES RISK RETENTION GROUP, INC.15767 139.11 97.44 56.4676.53 0.00 50.91 0.000.00 0.00

Analysis of Risk Retention Groups

Page 38: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

COMPANYNAIC

Liquidity

Cash to Losses and

LAE Reserves

Risk Retention Groups - Selected Financial Ratios

Leverage

Loss & LAE Reserves to

PHS NPW to PHSLoss & LAE

Ratio Expense RatioDPW to PHSCombined

Ratio

TRINITY RISK SOLUTIONS RECIPROCAL INSURANCE COMPANY RRG11958 55.77 228.75 83.56106.61 39.39 67.97 13.6639.18 81.62

UNITED CENTRAL PA RRG11548 64.77 194.43 93.64117.93 47.59 94.17 4.1747.59 98.34

UNITED EDUCATORS INS RRG INC10020 71.60 171.53 156.26191.91 11.00 76.41 50.7714.15 127.18

UNITED HOME INSURANCE CO A RRG10712 41.37 0.00 0.0032.10 0.00 0.00 0.000.00 0.00

URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 85.77 232.11 125.02248.88 27.15 492.47 60.0585.11 552.52

URGENT MD RISK RETENTION GROUP, INC.15908 550.92 44.19 118.66288.86 151.92 65.00 10.20186.98 75.20

UV INSURANCE RISK RETENTION GROUP, INC.13988 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP11063 0.92 0.00 0.000.91 0.00 0.00 0.000.00 0.00

VELOCITY INSURANCE COMPANY, A RISK RETENTION GROUP15956 93.18 121.37 45.6951.67 0.00 70.91 0.000.00 0.00

VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00

WELLSPAN RRG11682 114.15 113.05 222.73287.42 126.89 62.54 2.47126.89 65.01

WESTERN CATHOLIC INSURANCE COMPANY RRG14122 88.42 124.32 132.74145.91 0.00 66.02 0.000.00 0.00

WESTERN PACIFIC MUT INS CO RRG40940 19.00 1,622.34 7.4623.00 1.66 107.73 128.781.99 236.51

YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)11796 70.83 252.42 71.17127.24 60.73 42.00 22.0269.51 64.02

Analysis of Risk Retention Groups

Page 39: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

®

®

1985Founded by Joseph L. Petrelli and Sharon M. Romano Petrelli to serve the financial analysis and actuarial services needs of regional and specialty insurers.1986First to issue Financial Stability Ratings® (FSRs) for health maintenance organizations (HMOs).1987First to issue FSRs for public entity liability self-insured pools through the development of our Management Audit Process.1989First to review and rate independent regional and specialty insurance companies.First to have Property & Casualty insurance company rating process formally reviewed and accepted by Fannie Mae. An FSR of A or better eliminates the need for property insurance cut-through endorsements.1990First to have Property & Casualty insurance company rating process formally reviewed and accepted by Freddie Mac.Began offering Property & Casualty insurance companies and Title underwriters loss cost analysis and rate, rule and form filing assistance.Responded to the National Association of Insurance Commissioners requirements for Property & Casualty insurers to submit Statements of Actuarial Opinion related to loss and loss adjustment expense reserves concurrent with the 1990 Property & Casualty annual statement.1992First to analyze the financial position of each Title underwriter in the industry.1993First to have Property & Casualty insurance company rating process formally reviewed and accepted by HUD.1994Fannie Mae issued Title underwriter acceptance guidelines, naming Demotech as an approved Title underwriter rating service.1995First to promulgate Commercial Real Estate Recommendations to provide financial due diligence of Title underwriters involved in larger real estate transactions.1996Contacted by the Florida Office of Insurance Regulation when the property insurance market required newly established insurers to obtain ratings. Demotech developed evaluation procedures for the assignment of FSRs to newly formed companies.Coordinated the first seminar regarding the implementation of statements of actuarial opinion for Title underwriters on behalf of the Conference of Consulting Actuaries.1999Co-authored the Commerce Clearing House publication describing the evolution of the Canadian Title insurance industry.2001Completed the initial loss and loss adjustment expense review of the Iowa Finance Authority – Title Guaranty Division.2002Revitalized the Ohio Title Insurance Rating Bureau, Inc. (OTIRB).2003Auto-Owners Insurance Group made umbrella insurance available to insurers earning an FSR of A or better.Assisted the North Carolina Title Insurance Rating Bureau with the development and filing of Closing Services coverage.Assisted OTIRB with its first rate revision since 1980.2004Published Serious about Solvency – Financial Stability Rating® Survival Rates 1989 through 2004.

Introduced Demotech Performance of Title Insurance Companies and Quarterly Updates, presenting consolidated statutory financial information for the Title insurance industry.2005HUD approved Demotech’s rating process for general and professional liability insurance under Notice H04-15, Professional Liability Insurance for Section 232 and 223(f) Programs.2006Joseph L. Petrelli, ACAS, MAAA, FCA, authored What We’ve Got Here Is a Failure to Communicate – How Traditional Financial Reporting Contributes to Misunderstanding of Title Insurance Loss Activity.2007Demotech introduced its Company Classification System.Demotech designated as the Official Research Partner of Insurance Journal. Expanded operations into a larger facility reflecting our increased capacity to serve our clients.2008Introduced Insurance Agents’ Errors and Omissions Insolvency Gap Legal Defense Coverage.2009Expanded the Insolvency Gap Coverage to include indemnity as well as legal defense.2010Celebrated 25th Anniversary.2011The Florida State University published “A Comprehensive Examination of Insurer Financial Strength Ratings” comparing and contrasting Demotech to A.M. Best, Moody’s, Standard & Poor’s and Fitch.2012Financial Stability Ratings® added to SNL Financial’s products, www.snl.com. 2013A leading insurance agents’ errors and omissions insurance carrier retained Demotech to perform a financial due diligence on the carriers that request an extension of insolvency coverage.Introduced Stakeholder Team Accomplishment Recognition™ Award to identify Property & Casualty insurers that successfully addressed the diverse needs of all corporate stakeholders.2014Achieved the milestone of more than 400 insurance entities being actively reviewed, rated and monitored.Fannie Mae MultiFamily accepted captive insurers and risk retention groups rated A or better by Demotech as regards professional and general liability insurance coverage for senior housing facilities.Nominated for Intelligent Insurer Global Award – Best Rating Agency.ACQ Global Award – Niche Insurer Rating Service – US.ACQ Law Award – Niche Lawyer of the Year – US to W. Burke Coleman, Esquire, Demotech’s Legal Counsel and Compliance Manager.2015Celebrated 30th Anniversary.ACQ Global Award – Niche Insurer Rating Service – US.Financial Monthly – Innovation and Excellence Award for Financial Analysis.ACQ Global Award – US – Gamechanger of the Year (Financial Analysis).On behalf of Demotech, Inc., Joseph Petrelli and Sharon Romano received the Founder’s Award from the Florida Association for Insurance Reform.Nominated as Rating Agency of the Year – Reactions North America Awards Banquet.Published inaugural issue of The Demotech Difference. Corporate Vision – Corporate Excellence Awards 2015 – Best Evaluator of US Regional & Specialty Insurers and Sustained Excellence in Insurer Financial Analysis.

Demotech Milestones

Page 40: Demotech, Inc. · • Errors and Omissions Insolvency Gap Coverage Available • Much more! Regional and Specialty insurers are often mistakenly thought of as financially unstable

®

Demotech, Inc.2715 Tuller Parkway

Dublin, OH 43017-2310www.demotech.com