Fitch Ratings Affirms The Doctors Company’s ‘A’ Rating and ‘Stable Outlook’
Napa, California—May 30, 2013—The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, announced today that Fitch Ratings has affirmed its “A” (Strong) Insurer Financial Strength (IFS) rating and that its rating outlook for all ratings is “Stable.”
The ratings are based on The Doctors Company’s above-average underwriting performance and profitability compared to peers in the medical malpractice industry, favorable loss reserve levels, strong statutory capital position, and experienced management team that employs a conservative operating strategy that is focused on long-term underwriting profitability.
The “A” with “Stable Outlook” rating includes The Doctors Company’s wholly owned subsidiaries:
- The Doctors Company, an Interinsurance Exchange
- Professional Underwriters Liability Insurance Company (PULIC)
- Underwriter for the Professions Insurance Company (UFTP)
- OHIC Insurance Company (OHIC)
- SCPIE Insurance Company
- American Physicians Capital, Inc.
- First Professionals Insurance Company, Inc.
- Anesthesiologists Professional Assurance Company
- Intermed Insurance Company
- Advocate, MD Insurance of the Southwest, Inc.
About Fitch Ratings
Fitch Ratings is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data. Offering a world of knowledge and experience behind every opinion, Fitch Ratings transforms information to deliver meaning and utility to investors, issuers and other market participants. Fitch Ratings’ global expertise draws on local market knowledge and spans the fixed-income universe. The additional context, perspective and insights it provides help investors make important credit judgments with confidence. For more information, please visit www.fitchratings.com.
About The Doctors Company
Founded by doctors for doctors in 1976, The Doctors Company (www.thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 73,000 members and $4 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings.
Follow The Doctors Company on Twitter at @doctorscompany for industry trends, subscribe to itsYouTube site to hear from industry experts, connect with The Doctors Company on LinkedIn to engage with company leaders, and find information on its key milestones and achievements on Facebook.