analysis of risk retention groups - year-end 2011
DESCRIPTION
Demotech, Inc. understands the unique structure and opportunities that risk retention groups (RRGs) bring to the Property and Casualty industry. In our working relationship with analysts as well as other government entities and business associations, Demotech is often called upon for our expertise and perspective. Analysis of Risk Retention Groups – Year-End 2011 contains commentary provided by Douglas Powell, Karrie Hyatt, Managing Editor, Risk Retention Reporter and Robert Myers, Jr., Partner, Morris, Manning & Martin, LLP, regarding various issues and the status of risk retention groups.TRANSCRIPT
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Analysis of Risk Retention GroupsYear-End 2011
Demotech, Inc.
Published
April 19, 2012
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DRAGONFLY: 300 MILLION YEARS OLD
T-REX: EXTINCT
Nature knows size and survival are independent.Demotech, Inc. had to prove that to the insurance industry.
ISBN 978-1-936949-02-1
Published April 19, 2012
COPYRIGHT© 2012 Demotech, Inc.
Edited by Douglas A Powell | Senior Financial Analyst, Demotech,Inc.
Additional contributions provided by:
Karrie Hyatt | Managing Editor, Risk Retention Reporter
Robert Myers, Jr. | Partner, Morris, Manning & Martin, LLP
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.
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Analysis of Risk Retention Groups – Year 2011
IntroductionAnalysis of Risk Retention Groups – Year-End 2011 contains commentary provided by Karrie Hyatt, Managing Editor, Risk Retention Reporter and Robert Myers, Jr., Partner, Morris, Manning & Martin LLP as well as myself regarding varying issues and the status of risk retention groups.
The information contained in the Analysis of Risk Retention Groups – Year-End 2011 is sorted by company name in the first section and by state of domicile in the second section, so that you can easily identify RRGs domiciled within a specific jurisdiction. The information and analysis provided includes:
� RRGs currently assigned a Financial Stability Rating® (FSR) by Demotech, Inc. � NAIC number � Company name of the RRG � State of domicile � Financial statement contact (including phone number and address) � Financial information excerpted from the RRG financial statements � Financial ratios � Direct premium written by line of business – as reported at year-ends, 2011 and 2010.
Please keep in mind that even though Demotech, Inc. obtained the information from the NAIC, neither the NAIC or its authorized vendor, SNL, endorse any analysis or conclusion based upon the use of the NAIC’s data.
If you would like me to consider additional information for analysis, please let me know.
Demotech, Inc. Understands and Actively Supports Risk Retention GroupsDemotech, Inc. understands the unique structure and opportunities that risk retention groups (RRGs) bring to the Property and Casualty industry. In our working relationship with analysts as well as government entities and business associations, Demotech is often called upon for our expertise and perspective.
Today, more than any time in recent history, insureds, agents and constituents need to have independent verification of financial stability. Since Demotech’s rating methodology is based upon a review and analysis of insurance fundamentals, focused specialists, such as RRGs, are not penalized for operating under restrictions or constraints that limit product line diversification.
Thank you,
Douglas A. Powell | Senior Financial Analyst, Demotech, Inc.(614) [email protected]
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RRGs Report Continued Profitability for 2011 and Exhibited Financial Stability Douglas A Powell | Senior Financial Analyst, Demotech, Inc.
Balance Sheet MetricsIn reviewing the financial stability of risk retention groups for 2011, one should get the impression that these are a group of insurers with a great deal of financial stability. Assets and policyholders surplus have increased for the 12th consecutive year. During this time, policyholders surplus has increased more than 367 percent, going from approximately $686 million in 2000 to more than $3.2 billion in 2011.
The level of policyholders surplus becomes increasingly important in times of difficult economic conditions. The logic being that an insurer can remain solvent while facing uncertain economic conditions and also withstand greater losses.
Liquidity, as measured by liabilities to cash and invested assets, for 2011 was approximately 69 percent. A value less than 100 percent is considered favorable as it indicates that there was more than $1 of Net Liquid Assets for each $1 of Total Liabilities. This also indicates an improvement for RRGs collectively over 2010 as liquidity was reported at over 72 percent.
Demotech prefers companies report leverage of less than 300 percent. Leverage, as measured by total liabilities to policyholders surplus, for 2011 was approximately 136 percent. This also indicates an improvement for RRGs collectively over 2010 as leverage was reported over 146 percent.
In comparison to the $7.7 billion in total net admitted assets for 2011, policyholders surplus accounted for approximately 43 percent of that reported amount (Figure 2). Losses and loss adjustment expenses accounted for approximately 39 percent of total net admitted assets.
$0
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2011201020092008200720062005200420032002200120001999199819971996
Net Admitted Assets
Liabil ities
Policyholders Surplus
Figure 1 -
RRG Balance Sheet - 1996-2011 (in billions)
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Underwriting Results and Overall ProfitabilityRRGs have continued to report net income since 1996 as well as profitable underwriting results since 2004 despite the continued difficult economic conditions (Figure 3). In fact, direct written premiums decreased from 2010 to 2011. Thomas Mason, SNL, reported in his February 21, 2012 article, Risk retention group space writing less, spawning fewer companies, that “in aggregate, RRGs recorded a 2.4 percent decline year over year for the 12 months ended September 30, 2011.” By the end of 2011, the decrease in year-over-year direct premiums written was approximately 1.9 percent.
In looking further, it appears that as revenue for RRGs has become stagnant, so have expenses and losses. The Government Accountability Office (GAO) reported in December 2011 that the combined ratio, which is calculated by adding the loss ratio and the expense ratio, for RRGs has fluctuated very little during the years 2004-2010. The GAO reported that in their analysis of NAIC data, the average combined ratio for RRGs ranged from 92.6 percent in 2005 to 88 percent in 2008. Please keep in mind that a combined ratio of less than 100 percent indicates an underwriting profit or gain. A combined ratio of more than 100 percent indicates an underwriting loss.
More historical detail is given in Figure 4.
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201120082005200219991996
Net Income (Loss)
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Figure 3 -
RRG Profitability - 1996-2011 (in millions)
27%
12%
18%
43%
Unpaid Losses
Unpaid Loss Adjustment Expenses
Other Liabil ities
Surplus as Regards Policyholders
Figure 2 -
RRG Liabilities and PHS - 2011
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Cash and Invested Assets
Net Admit-ted Assets
LossReserves
LAE Reserves
Total Liabilities Surplus
Net Income (Loss)
OperatingResults
2011 6,305 7,568 2,059 931 4,361 3,207 296 1422010 6,111 7,447 2,114 865 4,424 3,023 305 1672009 5,536 6,863 2,027 813 4,148 2,715 301 1602008 4,989 6,218 2,035 716 4,022 2,195 230 1722007 4,918 6,047 1,846 657 3,907 2,139 261 1132006 4,322 5,347 1,615 581 3,505 1,842 260 1282005 3,726 4,387 1,297 469 2,911 1,476 157 722004 3,089 3,597 1,022 375 2,365 1,232 130 632003 2,391 2,912 813 298 1,942 969 81 (13)2002 1,848 2,165 649 226 1,407 758 40 (9)2001 1,672 1,982 598 208 1,244 738 22 (48)2000 1,394 1,568 458 177 881 686 58 (20)1999 1,438 1,668 474 193 959 708 3 (39)1998 1,649 1,849 508 212 1,147 702 67 (12)1997 1,346 1,529 473 171 996 532 50 (22)1996 1,299 1,472 438 151 1,005 467 46 (2)
About the AuthorDouglas Powell is a Senior Financial Analyst at Demotech, Inc. Mr. Powell works with risk retention groups, other Property and Casualty insurers and Title underwriters primarily in monitoring and assigning Financial Stability Ratings® (FSRs). Mr. Powell has contributed analysis and commentary to a variety of insurance industry publications. Email Mr. Powell with feedback or comments at [email protected].
For more information about the author, visit www.linkedin.com/in/powdoug.
Founded in 1985, Demotech is a Columbus, Ohio based financial analysis firm that provides services to Property and Casualty insurance companies, Title underwriters and specialty insurance markets. Demotech has been assigning Financial Stability Ratings® (FSRs) to these markets since 1989. FSRs of A or better are accepted by the secondary mortgage marketplace, as well as virtually all mortgage lenders, and an increasing number of umbrella insurance markets as well as writers of insurance agents errors and omissions insurance.
For more information about Demotech, Inc., visit www.demotech.com.
Figure 4 -
RRG Results - 1996-2011 (in $ millions)
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RRG Growth Trends in 2011 and 2012Karrie Hyatt | Managing Editor, Risk Retention Reporter
Looking at 2011The risk retention group marketplace ended 2011 on a positive note after several years of declining numbers. The number of operating RRGs was back to the 2007 level, with 254 operating RRGs in December 2011. However, that number was still well short of the peak number of 262 groups that was reached at the end of 2008. 2011 was also the first year since 2008 in which RRG formations surpassed retirements. While the 16 new formations are a solid increase from 2010 numbers, the 13 retirements in 2011 were only one shy of 2010’s 14 retirements. The RRG marketplace has leveled off from the declining numbers seen in the last several years, but, in terms of numbers of groups, there will likely be moderate growth in the upcoming year.
With formations and retirements running very close to each other in 2011, it was no surprise that overall gains in any given business area were minimal. The Professional Services sector was the standout of the nine business areas in 2011, gaining five RRGs and having no retirements. Healthcare added three new groups during the fourth quarter and had seven new RRGs for all of 2011, but the sector also retired six groups during the course of the year. The only other sector showing an increased number of risk retention groups was the Environmental sector, with one new RRG. The Financial, Manufacturing & Commerce, and Transportation sectors all saw declines in their numbers. Property Development, Leisure, and Government & Institutions all ended the year with the same number of RRGs with which they began.
Looking at Healthcare RRGsThe Healthcare sector has seen some turmoil during the first few months of 2012—the sector added two new risk retention groups but lost eight. In 2011, the sector netted only one new group overall, so the loss during the first quarter of 2012 leaves the sector’s RRG numbers lower than they were at the beginning of 2010. However, there are several RRGs in the pipeline to be licensed in the next few months, many of which are healthcare-related, so the Healthcare sector’s numbers should even out by year’s end.
Healthcare RRGs, which account for more than 60 percent of the RRG marketplace, may be seeing an increase, if not in number of groups, but definitely in the number of insureds and in premium. The trend in medical malpractice coverage in the last five years has seen an increase in the share of medical professional liability premium written by risk retention groups, even as the industry-wide total premium paid for that coverage has been shrinking, according to an analysis of data from the NAIC and the Risk Retention Reporter conducted in January.
Pinpointing the reasons for the changes in the medical professional liability market is complicated by many factors, including industry consolidation which is shrinking the number of customers purchasing insurance for physicians, as well as a prolonged soft market pushing total premium down. However, one new factor that may play an even greater role is the Patient Protection and Affordable Care Act of 2010. One portion of the law offers incentives for healthcare providers to become part of accountable care organizations, which in turn makes captives and RRGs an enticing alternative to traditional insurance.
Looking towards 2012The first few months of 2012 have been active with a number of RRGs forming but more RRGs retiring. As of the beginning of April, there were 246 operating RRGs. In 2012, there has been five new RRGs licensed with two more RRGs in the process of obtaining thier license. As is typically the case in the first quarter of any year, the number of RRGs declined. Many RRGs close up shop at the end of the year, and it normally takes a few weeks before the news to be released. So in a historical sense, the early part of 2012 saw the usual decline in count for risk retention groups.
Twelve groups were retired from the Risk Retention Reporter database—a number not so low as in 2011 nor so high as in 2009. An interesting aspect to the groups that have recently ceased operating is that three of the RRGs were merged into other insurers–both into captives and RRGs. All three of these involved Healthcare RRGs. Of the eight groups that are voluntarily dissolving, there are several that had not been active in recent years—not writing new business or accepting new members. Four groups merged into another captive or RRG. Rather than looking at the recent spate of retiring RRGs as a loss, it perhaps can be viewed as a pruning of weaker groups in anticipation of a new period of growth.
As the first four months indicate, 2012 is shaping up to be a very dynamic year for the risk retention marketplace. RRG premium and insureds are all projected to grow in 2011. Looking forward to 2012, steady but slow growth is likely to continue. However, with the sluggish economy and political gridlock, more robust growth is unlikely until after the presidential election in the fall.
The prevailing mood among RRG professionals is one of optimism. Coupling this positive industry sentiment with the more tangible evidence of several RRGs in the pipelines, leads to the belief that the RRG marketplace will be growing steadily by year’s end.
The Risk Retention Reporter is the leading journal for risk retention marketplace. Celebrating its 25th
anniversary this year, the Risk Retention Reporter is the go to source for risk retention group news.
For more information about the Risk RetentionReporter, and related publications, visit www.rrr.com.
Guest Commentary
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Missteps in GAO Report on RRGsRobert Myers, Jr. | Partner, Morris, Manning & Martin, LLP
Background on GAO ReportOn December 8, 2011, in response to a congressional request, the U.S. Government Accountability Office (“GAO”) issued a report to Congress entitled “Clarifications Could Facilitate States’ Implementation of the Liability Risk Retention Act” (“GAO Report”). Congress charged the GAO with examining two issues: (1) the regulatory health of the RRG industry; and (2) the extent to which non-domiciliary states were exceeding their authority under federal law. The report concluded that: (1) the industry was healthy from a regulatory and financial perspective; and (2) Congress should “clarify” the registration requirement, fee and coverage provisions of the Liability Risk Retention Act, 15 U.S.C. § 3901 et seq. (“LRRA”).
To reach its conclusion on the second issue concerning non-domiciliary state authority, the GAO found that “silence” and “ambiguity” under the LRRA on the issue requires Congress to “clarify” the provisions. Notably, this assertion appears to conflate multiple issues and is unsupported by existing federal court decisions that have directly addressed the narrow scope of non-domiciliary state authority to regulate registered RRGs. The GAO’s flawed analysis is most prominent in its examination of non-domiciliary registration requirements, fees, and non-discriminatory financial responsibility requirements.
Registration RequirementsThe GAO Report misstates that the “LRRA does not provide for a specific process for RRGs to register to conduct business in non-domiciliary states.” GAO Report at 24. In fact, the LRRA plainly states that the registration requirements in a non-domiciliary state are limited to submitting the documents specified under 15 U.S.C. § 3902(d)(2). Unless expressly excepted under 15 U.S.C. § 3902(a)(1), all other state laws are broadly preempted.
This interpretation of the LRRA is supported by the only federal court to address the issue of registration requirements under the LRRA. In National Risk Retention Association v. Brown, 927 F. Supp. 195 (M.D. La. 1996), the court expressly rejected Louisiana’s attempt to impose application requirements on a non-domiciliary RRG in excess of the items enumerated under § 3902(d)(2). Louisiana’s registration process required non-domiciliary RRGs to submit a $600 fee, policy forms and applications, articles of incorporation, bylaws, biographical affidavits and fingerprints of directors and officers, certificate of compliance from the domiciliary state, a domiciliary state certificate of authority, responses to interrogatories and a completed questionnaire from a domiciliary state regulator.
The court found the Louisiana application requirements were “broader than is allowed by the LRRA” and that § 3902(d) limits the non-domiciliary RRG registration requirements to a copy of the RRG’s plan of operation or feasibility study and an annual statement. Brown 927 F. Supp. at 201. Although the court found that the non-domiciliary regulator also may require documents necessary to demonstrate compliance with the state’s unfair claim settlement practice laws, it concluded that RRGs “are exempted from any further requirements under § 3902(a)(1).” Id.
Given the plain language of the LRRA and the application of the statute in Brown, it is difficult to discern the basis for the GAO’s conclusion that the LRRA does not provide a specific registration process for non-domiciliary RRGs.
FeesThe GAO Report similarly misstates the applicable LRRA provisions on fees by summarizing:
LRRA allows non-domiciliary states to require RRGs to pay premium and other taxes but does not explicitly state whether non-domiciliary insurance regulators can or cannot charge fees. The silence of LRRA on fees has prompted state insurance regulators and RRG representatives to interpret the law differently.
GAO Report at 27.
The LRRA is not “silent” on fees. Rather, the plain language of the LRRA broadly and expressly exempts non-domiciliary RRGs from any law other than those exempted under § 3902(a)(1), which include laws relating to premium and other taxes. Accordingly, the plain language of the LRRA contemplates and specifies permissible fees that may be levied against RRGs, and it only permits the assessment premium taxes.
Federal courts faced with the issue have unanimously concluded that premium taxes are the only fees allowed under the LRRA. The GAO Report recognizes the court findings in Brown and Attorneys’ Liability Assurance Society, Inc. v. Fitzgerald, 175 F. Supp. 2d 619 (W.D. Mich. 2001). In both cases, fees assessed by non-domiciliary regulators were barred under the LRRA.
Guest Commentary
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However, the GAO Report attempts to narrow the findings in these decisions by maintaining that the courts did not conclude that the LRRA bars “all fees” charged by non-domiciliary regulators. Nevertheless, the report concedes that the Fitzgerald decision found that the LRRA prohibits fees that are not a “tax” and are used for regulatory purposes only. See GAO Report at 29. Thereby, the GAO Report implicitly recognizes that the LRRA bars any fee that cannot be characterized as a tax.
In Fitzgerald, the court correctly reasoned:
The LRRA’s purpose would be thwarted if every state could exact a regulatory fee this large from non-resident risk retention groups, since that fee collectively affects prices for coverage, and thus affects the ability to operate. Congress could have provided an exception for non-chartering states to collect a fee sufficient to cover costs of permitted regulation, over and above allowing collection of premium taxes. But it did not, which require the conclusion that the regulatory fee was preempted.
Fitzgerald, 174 F. Supp. 2d at 636.
Thus, the provisions of the LRRA relating to fees and federal case law interpreting those provisions are far from “silent” on the issue of fees. Instead, the plain language of the statute and applicable federal court decisions unambiguously bar regulatory fees that are not “taxes.”
Non-Discriminatory Financial ResponsibilitySome non-domiciliary state regulators have relied upon and expanded the intended scope of § 3905(d), which permits states to require “acceptable means of demonstrating financial responsibility.” However, any regulation pursuant to § 3905(d) is also subject to the non-discrimination provisions of § 3902(a)(4). Consequently, any requirement imposed as a demonstration of financial responsibility must be non-discriminatory against RRGs.
The GAO Report correctly recognizes a split in federal courts’ interpretation of the LRRA’s financial responsibility and non-discrimination provisions. See GAO Report at 31-33. The Seventh and Eleventh Circuits have held that state financial responsibility requirements that did not “intentionally” discriminate against RRGs did not violate the LRRA’s non-discriminatory provision. Ophthalmic Mut. Ins. Co. v. Musser, 143 F.3d 1062 (7th Cir. 1998); Mears Transp. Group v. Dickinson, 34 F.3d 1013 (11th Cir. 1994). However, the GAO Report failed to recognize the flaws in the Ophthalmic and Mears decisions, which are in direct conflict with express Congressional intent of the LRRA.
The Ninth Circuit has acknowledged the fundamental flaws in the Seventh and Eleventh Circuit opinions. See National Warranty Ins. Co. RRG v. Greenfield, 214 F.3d 1073 (9th Cir. 2000). Based on the plain language of the LRRA and underlying policy concerns, the court correctly interpreted §§ 3905(d) and 3902(a)(4) to prohibit any categorical exclusion of all RRGs, regardless of intent. Id.; see also Charter Risk Retention Groups Ins. Co. v. Rolka, 796 F. Supp. 154 (M.D. Pa. 1992).
ConclusionAlthough the GAO accurately presented the financial and regulatory health of the RRG industry, its report and analysis of non-domiciliary state regulatory authority fell short. The GAO Report’s conclusions on the scope of non-domiciliary state regulatory authority belie the plain language of the LRRA and federal courts’ unambiguous interpretation of the LRRA, especially in reference to non-domiciliary registration requirements and fees.
About the AuthorRobert “Skip” Myers is the managing partner of the Washington, DC office of Morris, Manning & Martin, LLP. Mr. Myers has worked on risk retention group matters, and captive insurance in general, since the passage of the Liability Risk Retention Act in 1986. Email Mr. Myers with feedback or comments at [email protected].
For more information about Mr. Myers or Morris, Manning & Martin, LLP, visit www.mmmlaw.com.
The GAO’s flawed analysis is most prominent in its examination of non-domiciliary registration requirements, fees and n o n - d i s c r i m i n a t o r y financial responsibility requirements.
NAIC COMPANY FSR
Financial Stability Ratings (FSRs) - Risk Retention Groups®
as of 4/18/2012
12252 AEGIS Healthcare RRG, Inc. A
11710 Allied Professionals Insurance Company, RRG A'
12631 American Builders Insurance Company RRG, Inc. A
11534 American Trucking and Transportation Insurance Company, RRG A
11598 Applied Medico-Legal Solutions RRG, Inc. A'
11825 CARE RRG, Inc. A
11976 Centurion Medical Liability Protective RRG, Inc. A
12167 Charitable Service Providers Reciprocal RRG A
11065 Chattahoochee RRG Captive Insurance Company A
11798 Continuing Care RRG, Inc. A
13018 Doctors & Surgeons National RRG A
14163 Emergency Capital Management, LLC, RRG A
12003 Emergency Medicine Professional Assurance Company RRG (EMPAC) A
11948 Global Hawk Insurance Company RRG A
11832 Healthcare Industry Liability Reciprocal Insurance Company, RRG (HEALTHCAP RRG) A
11824 Intermodal Insurance Company, RRG A
12594 J.M. Woodworth RRG, Inc. A
12159 Joliet Area RRG Captive Insurance Company A
11806 National Assisted Living RRG, Inc. A
10234 National Service Contract Insurance Company (RRG) A
12275 New York Healthcare Insurance Company, Inc., RRG A
44130 Paratransit Insurance Company, RRG A'
11973 PCH Mutual Insurance Company, RRG A
11809 Ponce De Leon LTC RRG, Inc. A
13078 Red Clay Risk Retention Group, Inc. A
13557 Sigma RRG, Inc. A
The most current FSRs must be verified by visiting www.demotech.com.
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Analysis by CompanyRisk Retention Groups
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by Company Name
ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP
12934 1250 BROADWAY, SUITE 3401, NEW YORK, NY 10001-3713 CLAIRE VERONICA OYELAJA (646) 808-0596 VT
ACBG RISK RETENTION GROUP, LLC12557 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 LINDA B. ELLIOTT (802) 864-2750 VT
ADVANCED PHYSICIANS INS RRG INC12166 2700 NORTH THIRD STREET, SUITE 3050, PHOENIX, AZ 85004-4620 ED CALDWELL (602) 200-6900 AZ
AEGIS HEALTHCARE RRG, INC.12252 555 FAIRMOUNT AVENUE, BALTIMORE, MD 21286 BARBARA LABUSKES 410-339-7263-120 DC
AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP13677 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JAY E. CURTIS (802) 864-6301 VT
AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP13606 1707 VILLAGE CENTER CIRCLE, SUITE 100, LAS VEGAS, NV 89134-0515 RICK O'BRIEN (702) 938-3175 NV
AGRI INSURANCE EXCHANGE RRG28380 5825 LAWTON LOOP EAST DRIVE INDIANAPOLIS, IN 46216-1064 P. DEAN DENHART (317) 541-1800 IN
ALLEGIANT INS CO INC A RRG11965 745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3800 MARK HIRONAGA (808) 585-3526 HI
ALLIANCE OF NONPROFITS FOR INS RRG10023 2386 AIRPORT ROAD BARRE, VT 05641-8629 CINDY L. LYFORD (802) 371-2227 VT
ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 1100 W. TOWN & COUNTRY RD., STE. 1400, ORANGE, CA 92868 DOUGLAS JOSEPH HAUSER 714-571-1864 AZ
ALLIED SERVICES RISK RETENTION GROUP12013 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
LEN T. LOGAN (877) 872-7475 SC
AMERICAN ASSOC OF OTHODONTISTS RRG10232 15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150 REBECCA J. AITCHISON (802) 371-2229 AZ
AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 27 NORTH 27TH STREET, SUITE 1900, CROWNE PLAZA, BILLINGS, MT 59101 KATIE GRAY 800-226-0793 MT
AMERICAN CONTRACTORS INS CO RRG12300 12222 MERIT DRIVE, SUITE 1660, DALLAS, TX 75251-3212 SUZANNE WALSH (800) 563-6051 TX
AMERICAN EXCESS INS EXCHANGE RRG10903 12544 HIGH BLUFF DRIVE, SUITE 430, SAN DIEGO, CA 92130-3052 KATHRYN MICHENER BOUCHE (802) 863-4400 VT
AMERICAN FEED INDUSTRY INS CO RRG44202 4685 MERLE HAY ROAD, SUITE 200, DES MOINES, IA 50322-1982 SUSAN P. TINGLEFF (515) 254-0400 IA
AMERICAN FOREST CASUALTY COMPANY RRG11590 1800 SECOND STREET, SUITE 909, SARASOTA, FL 34236-5998 TERESA MARIE MATTHEWS (941) 955-0793 SC
AMERICAN INTER FIDELITY EXCH RRG40088 8400 LOUISIANA STREET MERRILLVILLE, IN 46410-6385 LEX VENDITTI (219) 755-4567 IN
AMERICAN SAFETY RRG INC25448 100 GALLERIA PARKWAY, SE, SUITE 700, ATLANTA, GA 30339-5947 MATTHEW ROBERT POLLAK (770) 485-4423 VT
AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG
11534 111 NORTH HIGGINS, FOURTH FLOOR, MISSOULA, MT 59802 PATRICIA LORRAINE MALONEY 406-523-3908 MT
AMERIGUARD RRG INC12171 2386 AIRPORT ROAD BARRE, VT 05641-8629 SCOTT C. STONE (802) 371-2231 VT
APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 1850 N. CENTRAL AVE., SUITE 1700, PHOENIX, AZ 85004 LEE MILIZIA 623-427-3208 AZ
ARCHITECTS & ENGINEERS INS CO RRG44148 2056 WESTINGS AVENUE, SUITE 20, NAPERVILLE, IL 60563-2495 MICHAEL T. IANNOTTI (800) 437-2342x1 DE
ARCOA RISK RETENTION GROUP, INC.13177 1325 AIRMOTIVE WAY, SUITE 100, RENO, NV 89502-3294 MICHELLE RENEE TRIMBLE (602) 263-6755x4 NV
ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP
13580 1700 EASTPOINT PARKWAY LOUISVILLE, KY 40223-4140 JAMES R. MUELLER (502) 244-1343 KY
ARTISAN CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC
14005 ORG CORPORATION, P.O. BOX 510, BIGFORK, MT 59911-0510 JOHN S. MALONEY (718) 937-2010 MT
ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 177 MEETING STREET, SUITE 470, CHARLESTON, SC 29401-3160 VIRGINIA ADRIHAN (843) 853-0446x2 SC
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by Company Name
ATTORNEYS INS MUTUAL OF ALABAMA INC33677 200 INVERNESS PARKWAY BIRMINGHAM, AL 35242-4813 MELANIE T. DIXON (205) 980-0009 DC
ATTORNEYS INSURANCE MUTUAL RRG INC22670 140 KENNEDY DRIVE SOUTH BURLINGTON, VT 05403-6710 KAREN M. VENNER (802) 651-3377 HI
ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 311 SOUTH WACKER DRIVE, SUITE 5700, CHICAGO, IL 60606-6629 KEITH RUSSELL CRAVEN (312) 697-6950 VT
ATTORNEYS LIAB PROTECTION SOC RRG32450 FLORENCE BUILDING, 111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401
MARY PATRICIA NORDHAGEN (406) 728-3113 MT
ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 1050 K STREET, NW, SUITE 400, WASHINGTON, DC 20001-4448 GARRETT JAMES DAVENPORT (260) 486-0418 DC
AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 BJORN K. HUBBARD (800) 226-0793x3 NV
AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401 DANIEL JOHN SEMAN (406) 523-3873 MT
BAR VERMONT RISK RETENTION GROUP INC10174 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 JEREMIAH MAHANEY (802) 264-4715 VT
BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 MEGAN HULETTE (802) 264-2086 VT
BEST CARE INSURANCE COMPANY RRG14169 1605 MAIN STREET, EIGHTH FLOOR, SARASOTA, FL 34236-5840 ANDREW CARLTON (800) 226-0793 NV
BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP13010 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 MICHAEL T. ROGERS (702) 678-6868 NV
BROADLINE RISK RETENTION GROUP, INC.13788 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 MELISSA H. LAROSE (802) 864-1716 VT
CALIFORNIA HEALTHCARE INS CO INC RRG44504 9229 SIERRA COLLEGE BOULEVARD ROSEVILLE, CA 95661-5919 JEFFREY DUECK (916) 772-5110 HI
CALIFORNIA MEDICAL GRP INS CO RRG12180 2999 NORTH 44TH STREET, SUITE 550, PHOENIX, AZ 85018-7295 BRYAN ALAN JONES (303) 388-5688 AZ
CARE RRG, INC.11825 2233 WISCONSIN AVE, N.W., SUITE 310, WASHINGTON, DC 20007 CHARLES HALSTEAD-JOHNSO 802-223-2200 DC
CAREGIVERS UNITED LIAB INS CO RRG11544 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
KIM CONNELLY BLOOMER (802) 371-2251 SC
CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP12373 1850 WEST WINCHESTER ROAD, SUITE 109, LIBERTYVILLE, IL 60048-5355 CHAD CURTIS SWIGERT (847) 549-8225 DC
CASSATT RISK RETENTION GROUP INC10808 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 SCOTT ANDREW MAILLE (802) 264-4711 VT
CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP13784 111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401 DANIEL JOHN SEMAN (406) 523-3873 MT
CENTRAL PA PHYSICIANS RRG INC11694 177 MEETING STREET, SUITE 470, CHARLESTON, SC 29401-3160 VIRGINIA ADRIHAN (843) 853-0446x2 SC
CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 2700 N. THIRD STREET, SUITE 3050, PHOENIX, AZ 85004-1229 GEMMA AGUSTIN TUANQUI 800-226-0793 AZ
CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG12167 15255 N. 40TH STREET, SUITE 109, PHOENIX, AZ 85032-4638 R&Q QUEST MANAGEMENT SE 602-952-9532- AZ
CHATTAHOOCHEE RRG CAPTIVE INSURANCE COMPANY11065 14382 HIGHWAY 19 SOUTH, THOMASVILLE, GA 31757 CORY E BROWN 229-226-1937-106 GA
CHC CAS RRG11531 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 AMY L. DAIGLE (802) 864-1717 VT
CIMARRON INSURANCE EXCHANGE RRG12308 30 MAIN STREET, SUITE 450, BURLINGTON, VT 05401-8427 PAULA A. FRENCH (802) 371-2321 VT
CIRCLE STAR INS CO RRG11839 58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324 RENEE LAGUE (802) 223-2200 VT
CLAIM PROFESSIONALS LIAB INS CO RRG12172 17742 IRVINE BOULEVARD, SUITE 102, TUSTIN, CA 92780-3255 RAMON ROBERT RAMOS V (802) 371-2275 VT
CLARIAN HLTH RRG INC11992 340 WEST TENTH STREET, SUITE 3100, INDIANAPOLIS, IN 46202-3082 TONIA EPPS (843) 577-1034 SC
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by Company Name
CLINIC MUTUAL INSURANCE CO RRG43770 1003 BISHOP STREET, SUITE 1220, HONOLULU, HI 96813-6436 JASON L. PALMER (808) 521-0730 HI
CMIC RISK RETENTION GROUP13756 30 MAIN STREET, SUITE 450, BURLINGTON, VT 05401-8427 SCOTT C. STONE (802) 371-2231 DC
COASTAL INS RRG INC11668 509 OLIVER ROAD MONTGOMERY, AL 36117-2207 JOHN MARK KILLINGSWORTH (334) 271-5515 AL
COLLEGE LIABILITY INS CO A RECIP RRG44598 745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3810 SCOT STERENBERG (808) 585-3591 HI
COLLEGE RISK RETENTION GROUP, INC.13613 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JENNIFER L. PETTENGILL (802) 864-2111 VT
COLUMBIA NATIONAL RRG INC10803 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JOHN H. RAYMOND (802) 864-2751 VT
COMCARE PRO INS RECIPROCAL RRG11864 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 JONATHAN J. MCKENZIE (802) 264-2073 VT
COMMUNITIES OF FAITH RRG INC11807 2711 MIDDLEBURG DRIVE, SUITE 309-A, COLUMBIA, SC 29204-2475 BJORN K. HUBBARD (800) 226-0793x3 SC
COMMUNITY BLOOD CENTERS EXCH RRG13893 7015 COLLEGE BOULEVARD, SUITE 400, OVERLAND PARK, KS 66211-1671 J. TODD ROSENBAUM (502) 882-4459 IN
COMMUNITY HEALTH ALLIANCE RECIP RRG11536 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JONATHAN J. MCKENZIE (802) 264-2073 VT
COMMUNITY HOSPITAL RRG11259 2547 WASHINGTON ROAD, 720 SUMMERFIELD COMMONS, UPPER SAINT CLAIR, PA 15241-2557
RICHARD E. RADI (412) 212-3476 VT
CONSORTIUM RRG11528 150 BANK STREET, SUITE 201, BURLINGTON, VT 05401-4411 TARA JEAN SMITH (802) 735-1679 VT
CONSUMER SPECIALTIES INS CO RRG10075 2386 AIRPORT ROAD-BERLIN BARRE, VT 05641-8629 PAULA A. FRENCH (802) 371-2321 VT
CONTINUING CARE RRG, INC.11798 223-B HEATLEY STREET, MONCKS CORNER, SC 29461 KATIE GRAY 800-226-0793 SC
CONTRACTORS INS CO OF NORTH AMER RRG11603 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929 STACEY GIBBS (802) 264-4588 HI
CONTROLLED RISK INS CO OF VT RRG10341 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 MELISSA H. LAROSE (802) 864-1716 VT
CPA MUTUAL INS CO OF AMERICA RRG10164 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 DAVID D. GUERINO (802) 264-2060 VT
CROSSFIT RISK RETENTION GROUP, INC.13720 111 NORTH SEPULVEDA BOULEVARD, SUITE 243, MANHATTAN BEACH, CA 90266-6849
TONY JAMES SCHMIDT (808) 988-3215 MT
CRUDEN BAY RRG INC11676 30 MAIN STREET, SUITE 450, BURLINGTON, VT 05401-8427 ABIGAIL M. BERNIER (802) 371-2233 VT
CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JOHN H. RAYMOND (802) 864-2751 VT
DELAWARE PROFESSIONAL INSURANCE CO43125 845 THIRD AVENUE, 20TH FLOOR, NEW YORK, NY 10022-6601 I. DAVID GORDON (212) 687-2525 DE
DOCTORS & SURGEONS NATIONAL RRG13018 3370 SUGARLOAF PARKWAY, SUITE G-2/302, LAWRENCEVILLE, GA 30044-5486
SARA MARY CARPENTER (706) 232-9591x12
KY
DUBOIS MEDICAL RRG11842 1200 G STREET, NW, SUITE 800, WASHINGTON, DC 20005-6705 BRIAN S. KLINE (814) 375-6377 DC
EASTERN DENTISTS INS CO RRG10115 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476 STEPHEN M. BROWN (802) 861-2930 VT
ELITE TRANSPORTATION RRG INC10125 15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150 LAURA LEE DURKIN (800) 872-7475 AZ
EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)
12003 5430 W. SAHARA, LAS VEGAS, NV 89146 BJORN K. HUBBARD 941-373-1129 NV
EMERGENCY MEDICINE RRG INC12015 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238 MANNU LUO (843) 577-1035 SC
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by Company Name
EMERGENCY PHYSICIANS INS CO RRG11714 1528 EUREKA ROAD, SUITE 102, ROSEVILLE, CA 95661-3047 PAUL SHAMPAY (916) 772-2080 NV
EVERGREEN USA RRG INC38466 10 FALCON ROAD LEWISTON, ME 04240-5833 ERIC GILCRIS (802) 264-4577 VT
FAIRWAY PHYSICIANS INS CO RRG11840 15255 NORTH 40TH STREET, SUITE 109, PHOENIX, AZ 85032-4638 RICHARD P. MARSHALL (602) 952-9532 DC
FAITH AFFILIATED RRG INC11698 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 KELLY BOURNE (843) 614-3132 SC
FIRST AUTOMOTIVE INS RRG INC10619 2400 LOUISIANA BOULEVARD, NE ALBUQUERQUE, NM 87110-4303 LARRY K. HINSON (505) 881-2244 HI
FIRST KEYSTONE RISK RETENTION GROUP, INC.11801 4421 ARAMINGO AVENUE PHILADELPHIA, PA 19124-4101 JOSEPH SCHMIDT (215) 235-5000 SC
FIRST MEDICAL INS CO RRG11278 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JODI K. GUZZARDO (802) 864-6332 VT
FORT WAYNE MEDICAL SURETY COMPANY, RRG12625 1850 NORTH CENTRAL AVENUE, SUITE 1700, PHOENIX, AZ 85004-4574 LEE M. MILIZIA (602) 427-3208 AZ
FRANKLIN CASUALTY INS CO RRG10842 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 DELISCA A. CHRISTIAN (802) 864-2110 VT
FREDERICKSBURG PROFESSIONAL RISK EXC12016 2386 AIRPORT ROAD BARRE, VT 05641-8629 SCOTT C. STONE (802) 371-2231 VT
GABLES RRG14032 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JEFFREY M. TUCKER (802) 864-5599 VT
GEISINGER INS CORP RRG12000 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 RONDA LYNN DEVINO (802) 264-4593 VT
GENERAL EASTERN SKI INS RRG INC10163 76 SAINT PAUL STREET BURLINGTON, VT 05401-4470 DYAN O'HERNE (802) 264-4713 VT
GERIC INSURANCE RISK RETENTION GROUP, INC.13782 15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150 SCOTT S. BRAUER (800) 872-7475 HI
GLOBAL HAWK INSURANCE COMPANY RRG11948 148 COLLEGE ST., SUITE 204, BURLINGTON, VT 5401 STEPHEN M BROWN 802-861-2930 x10 VT
GLOBAL INTL INS CO INC A RRG10991 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104 STEVE BEVINS (802) 223-2200 DC
GOLDEN INS CO RRG11145 9121 WEST RUSSELL ROAD, SUITE 113, LAS VEGAS, NV 89148-1238 LEN CLAPP (303) 388-5688x1 NV
GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 DAWN M. DINARDO (843) 614-3134 SC
GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.
13973 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 ANDREW CARLTON (800) 223-0793 NV
GRACO RRG INC11581 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 DAWN M. DINARDO (843) 614-3134 SC
GREEN HILLS INS CO RRG11941 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JEFFREY M. TUCKER (802) 864-5599 VT
GUARDIAN RRG INC11696 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 JOCELYN M. LYMAN (843) 694-9698 MT
GUTHRIE RRG12014 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238 JASON MCMILLAN (843) 577-1032 SC
HAMDEN ASSURANCE RRG, INC.13057 30 MAIN STREET, SUITE 330, BURLINGTON, VT 05401-8427 JOSEPH BERNARD PERCY (802) 419-1218 VT
HEALTH CARE CAS RRG INC12236 8725 WEST HIGGINS ROAD, SUITE 810, CHICAGO, IL 60631-2734 JOSEPH ROGER HERMAN (773) 864-8280 DC
HEALTH NETWORK PROVIDERS MUT INS CO11813 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104 KATIE GRAY (800) 226-0793x3 DC
HEALTH PROVIDERS INS RECIPROCAL RRG10080 1003 BISHOP STREET, SUITE 1220, HONOLULU, HI 96813-6436 JASON L. PALMER (808) 521-0730 HI
HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)
11832 201 S. MAIN STREET, SUITE 200, ANN ARBOR, MI 48104 PETER M FEENEY 734 996-2700 DC
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by Company Name
HEALTHCARE PROVIDERS INS CO RRG11683 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
GEOFFREY LEWIS SALMON (404) 835-0454 SC
HEARTLAND HEALTHCARE RECIP RRG11998 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 DAVID D. GUERINO (802) 264-2060 VT
HERITAGE WARRANTY INS RRG INC11097 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
KIM CONNELLY BLOOMER (802) 371-2251 SC
HOME CONSTRUCTION INS CO RRG11950 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 KATIE GRAY (800) 226-0793x3 NV
HOUSING AUTHORITY RRG INC26797 189 COMMERCE COURT, P.O. BOX 189, CHESHIRE, CT 06410-0189 PAULETTE ACHILLI (203) 272-8220x4 VT
HOW INSURANCE COMPANY, A RISK RETENTION GROUP41246 11401 CENTURY OAKS TERRACE, SUITE 310, AUSTIN, TX 78758-8702 BRENDA J. STEWART (512) 404-6555 VA
ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 1401 H STREET, NW, SUITE 1000, WASHINGTON, DC 20005-2031 CHARLES WARREN BEHR (202) 326-5464 VT
INDEMNITY INSURANCE CORPORATION, RRG12018 950 RIDGEBROOK ROAD, SUITE 1500, SPARKS, MD 21152-9390 JEFFREY BRIAN COHEN (410) 472-6000 DE
INDIANA HEALTHCARE RECIP RRG11692 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 ALIHAN ALIHAN (802) 264-2074 VT
INNOVATIVE PHYSICIAN SOLUTIONS RRG12320 2325 EAST CAMELBACK ROAD, SUITE 600, PHOENIX, AZ 85016-3474 WENDY RAE BROWN (602) 337-6247 AZ
INTERMODAL INSURANCE COMPANY, RRG11824 1605 MAIN STREET, SUITE 800, SARASOTA, FL 34236 TERESA MATTHEWS 941-373-1162 DC
J.M. WOODWORTH RRG, INC.12594 UUMC 3655 BROOKSIDE PARKWAY, SUITE 200, ALPHARETTA, GA 30022 DONNA K. DALTON 678-781-2444 NV
JAMESTOWN INS CO RRG11589 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
JEFFRY M. DELMAS (802) 371-2252 SC
JOLIET AREA RRG CAPTIVE INSURANCE COMPANY12159 14382 HIGHWAY 19 SOUTH, THOMASVILLE, GA 31757 CORY E BROWN 229-226-1937-106 GA
KENTUCKIANA MEDICAL RECIPROCAL RRG11872 201 EAST JEFFERSON STREET, SUITE 104, LOUISVILLE, KY 40202-1250 JAY E. CURTIS (802) 864-6301 KY
KENTUCKY HOSPITAL INS CO RRG11939 2501 NELSON MILLER PARKWAY LOUISVILLE, KY 40223-2221 DEBORAH ROSE RILEY (502) 992-4329 KY
LAKE STREET RRG INC11803 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 THERESA MAE CARPENTER (802) 862-4400 VT
LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 GEMMA AGUSTIN-TUANQUI (800) 226-0793 NV
LENDERS PROTECTION ASSUR CO RRG11500 1212 NORTH 96TH STREET OMAHA, NE 68114-2274 RONALD LEE WHEELER (402) 399-3325 NE
LEWIS & CLARK LTC RRG, INC11947 3655 BROOKSIDE PARKWAY, SUITE 200, ALPHARETTA, GA 30022 DONNA K. DALTON 678-781-2400 NV
LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY12627 5679 SOUTH REDWOOD ROAD, SUITE 26, SALT LAKE CITY, UT 84123-5464 V. J. PETIT (801) 262-3525 UT
LIFE SERVICES NETWORK RECIP INS RRG11958 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104 TERESA MARIE MATTHEWS (941) 955-0793 DC
LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP14084 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 LINDA VILLANI (800) 226-0793x3 NV
LVHN RRG11684 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238 MANNU LUO (843) 577-1035 SC
MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP12554 NEMOURS BUILDING, 1007 NORTH ORANGE STREET, SUITE 1410, WILMINGTON, DE 19801-1242
PATRICK GHISLAIN THERIAULT (802) 861-2630 DE
MARATHON FIN INS CO INC RRG11117 1710 CORPORATE CROSSING, SUITE ONE, O'FALLON, IL 62269-3741 STEPHEN D. KANTNER (302) 651-8354 DE
MCIC VERMONT INC RRG10697 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 DIANE M. HANSON (802) 652-1571 VT
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by Company Name
MD RISK RETENTION GROUP, INC.12355 805 MADISON STREET, SUITE 901, SEATTLE, WA 98104-1172 BRENDA M. OLSON (406) 282-0170 MT
MEDAMERICA MUTUAL RRG INC26257 3000 OAK ROAD, SUITE 600, WALNUT CREEK, CA 94597-2071 CHRISTOPHER PAUL MERTES (925) 949-0101 HI
MEDICAL INSURANCE UNDERWRITERS RISK RETENTION GROUP12576 2325 E CAMELBACK ROAD, SUITE 600, PHOENIX, AZ 85016-3474 WENDY RAE BROWN (602) 337-6247 AZ
MEDPRO RRG RISK RETENTION GROUP13589 1050 K STREET, NW, SUITE 400, WASHINGTON, DC 20001-4448 GARRETT JAMES DAVENPORT (260) 486-0418 DC
MEDSTAR LIABILITY LTD INS CO INC RRG10124 5565 STERRETT PLACE, FIFTH FLOOR, COLUMBIA, MD 21044-2665 MARCY WATERFALL (802) 864-6269 DC
MENTAL HEALTH RISK RETENTION GROUP44237 103 EISENHOWER PARKWAY, SUITE 101, ROSELAND, NJ 07068-1029 MERISSA S. BUSHEY (802) 863-2398 VT
MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476 THAO T. NGUYEN (802) 861-2930x1 VT
MIDWEST PROVIDER INSURANCE COMPANY, RRG12147 11201 NORTH TATUM BOULEVARD, SUITE 300, PHOENIX, AZ 85028-6039 JASON L. PALMER (808) 521-0730 AZ
MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 ANDREW HAMME (802) 264-4592 VT
MOUNTAIN LAUREL RRG INC11547 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 AMANDA R. WESCOTT (802) 864-2037 VT
MOUNTAIN STATES HEALTHCARE RECIP RRG11585 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 DANIEL THANH NGUYEN (802) 264-2072 MT
MOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.12779 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 KELLY BOURNE (843) 614-3132 WV
NATIONAL ASSISTED LIVING RRG, INC.11806 3740 DAVINCI COURT, STE. 130, NORCROSS, GA 30092 ROSE PATRICK 770-255-4913 DC
NATIONAL BUILDERS & CONTRACTORS INS12235 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 GEMMA AGUSTIN-TUANQUI (800) 226-0793 NV
NATIONAL CATHOLIC RRG10083 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476 MARY MARIO RICHARDS (802) 861-2930x1 VT
NATIONAL CONTRACTORS INS CO INC RRG12293 27 GAGE TERRACE BIGFORK, MT 59911-3544 BRENDA M. OLSON (406) 282-0170 MT
NATIONAL GUARDIAN RRG INC36072 4075 COPPER RIDGE DRIVE TRAVERSE CITY, MI 49684-7059 MARK A. BURNHEIMER (231) 946-6200 HI
NATIONAL HOME INSURANCE CO RRG44016 ONE DENVER HIGHLANDS, 10375 EAST HARVARD AVENUE, SUITE 550, DENVER, CO 80231-3966
HUGH B. MCCREERY (303) 306-0002 CO
NATIONAL INDEPENDENT TRUCKERS IC RRG11197 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
NICOLE S. HUBLER (802) 371-2249 SC
NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.12529 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 MICHAEL JOHN COULTER SC
NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007 CHARLES HALSTEAD-JOHNSO 802-223-2200 DC
NCMIC RISK RETENTION GROUP, INC.14130 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476 STEPHEN M. BROWN (802) 861-2930 VT
NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.12539 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 TERESA MARIE MATTHEWS (941) 955-0793 NV
NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP
13792 10375 EAST HARVARD AVENUE, SUITE 100, DENVER, CO 80231-3966 BJORN K. HUBBARD (800) 226-0793x329
DC
NEW STAR RISK RETENTION GROUP, INC.12532 1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384
PIPER H. CROCKETT (843) 573-4946 SC
NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 1001 PENNSYLVANIA AVE., N.W., SUITE 400 SOUTH, WASHINGTON, DC 20004
KATIE GRAY 800-226-0793 DC
NJ CAR RISK RETENTION GROUP12581 1200 G STREET, NW, SUITE 800, WASHINGTON, DC 20005-6705 ROBERT MYERS (609) 883-5056 DC
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by Company Name
NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP
13059 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 LISA M. KANE (802) 864-2120 VT
NOVUS INS CO RRG10752 1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384
ELIZABETH J. FORNEY (843) 573-4834 SC
OASIS RECIPROCAL RISK RETENTION GROUP13644 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 GARY A. GRISWOLD (802) 658-9466 VT
OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC.
12845 27 NORTH 27TH STREET, SUITE 1900, BILLINGS, MT BJORN K. HUBBARD (800) 226-0793x329
MT
OCEAN RRG INC10158 837 KEARNY AVENUE KEARNY, NJ 07032-3241 MARY CLAIRE GOFF (877) 587-1763 DC
OCEANUS INS CO A RRG12189 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
LEN T. LOGAN (877) 872-7475 SC
OLYMPIA RISK RETENTION GROUP, INC.13062 1850 NORTH CENTRAL AVENUE, SUITE 1700, PHOENIX, AZ 85004-4574 KIMBERLY E. WACK (602) 427-3217 AZ
OMS NATL INS CO RRG44121 6133 NORTH RIVER ROAD, SUITE 650, ROSEMONT, IL 60018-5173 KATHERINE ANN EHMANN (847) 384-0041 IL
OOIDA RISK RETENTION GROUP INC10353 58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324 STEVE BEVINS (802) 223-2200 VT
OPHTHALMIC MUTUAL INS CO RRG44105 655 BEACH STREET SAN FRANCISCO, CA 94109-1336 LES J. SCACCALOSI (415) 202-4618 VT
ORANGE COUNTY MEDICAL RECIP INS RRG12183 2999 NORTH 44TH STREET, SUITE 550, PHOENIX, AZ 85018-7295 TERESA MARIE MATTHEWS (941) 955-0793 AZ
ORDINARY MUTUAL A RRG CORP10171 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 TRISHA L. DESRANLEAU (802) 652-1556 VT
PACE RRG INC11575 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 GARY P. O'HARE (802) 652-1568 VT
PARATRANSIT INSURANCE COMPANY, RRG44130 1000 RIDGEWAY LOOP ROAD MEMPHIS, TN 38120-4045 ANITA M. PERKINS (802) 371-2219 TN
PCH MUTUAL INSURANCE COMPANY, RRG11973 1605 MAIN STREET, 8TH FLOOR, SARASOTA, FL 34236 TERESA MARIE MATTHEWS 941-955-0793 DC
PEACE CHURCH RRG INC11846 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476 MARY MARIO RICHARDS (802) 861-2930x1 VT
PEDIATRICANS INS RRG OF AMER11772 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104 BJORN K. HUBBARD (800) 226-0793x3 DC
PELICAN INS RRG11587 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 JONATHAN J. MCKENZIE (802) 264-2073 VT
PHOEBE RECIPROCAL RRG12004 177 MEETING STREET, SUITE 470, CHARLESTON, SC 29401-3160 VIRGINIA ADRIHAN (843) 853-0446x2 SC
PHP RISK RETENTION GROUP, LIMITED12995 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 SUSAN MUSCAT (802) 658-9466 AZ
PHYSICIANS BENEFIT RESOURCES RISK RETENTION GROUP, INC.13810 15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150 JAMES SHOOK (802) 371-2273 NV
PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 ANDREW CARLTON (800) 223-0793 NV
PHYSICIANS COMPLIANCE LIABILITY INSURANCE COMPANY, RRG12350 832 WILLOW STREET RENO, NV 89502-1304 MAURICIO FERNANDEZ (305) 662-7839 NV
PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 BUILDING G, 7890 PETERS ROAD, SUITE 106, PLANTATION, FL 33324-4028 ANCA VAGUE (954) 236-2400 NV
PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP
12918 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 AMANDA R. WESCOTT (802) 864-2037 VT
PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP12507 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238 CHRISTOPHER CRAIG LEIGH (843) 577-1360 SC
PHYSICIANS PROFESSIONAL LIABILTY RRG11514 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 STACEY GIBBS (802) 264-4588 VT
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by Company Name
PHYSICIANS REIMBURSEMENT RRG10934 2386 AIRPORT ROAD BARRE, VT 05641-8629 ALICIA RUBALCABA (802) 371-2216 VT
PHYSICIANS RISK RETENTION GROUP LLC13046 27 GAGE TERRACE BIGFORK, MT 59911-3544 BRENDA M. OLSON (406) 282-0170 MT
PHYSICIANS SPECIALTY LTD RRG11513 4535 DRESSLER ROAD, NW CANTON, OH 44718-2545 JEFFRY M. DELMAS (802) 371-2252 SC
PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP
14108 111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401 DANIEL JOHN SEMAN (406) 523-3873 MT
PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP13582 C/O WILLIS MANAGEMENT (HAWAII), 1003 BISHOP STREET, HONOLULU, HI 96813-6400
JASON L. PALMER (808) 521-0730 HI
PINE TREE INS RECIPROCAL RRG12348 2386 AIRPORT ROAD BARRE, VT 05641-8629 ALICIA RUBALCABA (802) 371-2216 VT
PINELANDS INS CO RRG INC12198 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104 ANDREW CARLTON (800) 223-0793 DC
PINNACLE CONSORTIUM OF HIGHER ED RRG11980 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 MARCY WATERFALL (802) 864-6269 VT
PINNACLE RRG INC11858 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104 RENEE LAGUE (802) 223-2200 DC
PONCE DE LEON LTC RRG, INC.11809 3655 BROOKSIDE PARKWAY, SUITE 200, ALPHARETTA, GA 30022 DONNA K. DALTON 678-781-2444 FL
PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 3250 GREY HAWK COURT, UNIT Z, CARLSBAD, CA 92010-6651 MARY CLAIRE GOFF (877) 587-1763 MT
PREFERRED PHYSICIANS MEDICAL RRG44083 9000 WEST 67TH STREET SHAWNEE MISSION, KS 66202-3656 BRUCE WILLIAM ANDERSON (913) 262-2585 MO
PREMIER INSURANCE EXCHANGE RRG10101 12544 HIGH BLUFF DRIVE, SUITE 430, SAN DIEGO, CA 92130-3052 KATHRYN MICHENER BOUCHE (802) 863-4400 VT
PREMIER PHYSICIANS INSURANCE COMPANY, RRG12613 575 SOUTH SALIMAN ROAD CARSON CITY, NV 89701-5000 JESSICA CONTRERAS (775) 887-2480 NV
PROAIR RISK RETENTION GROUP, INC.13179 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 TERESA MARIE MATTHEWS (941) 955-0793 NV
PROBUILDERS SPECIALTY INS CO RRG11671 2859 PACES FERRY ROAD, SUITE 800, ATLANTA, GA 30339-5733 CRAIG BOWDEN (770) 257-1709 DC
PROFESSIONAL MEDICAL INS RRG INC10840 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929 CHRISTINA KAMAKA (808) 540-4305 HI
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 VT
PROFESSIONALS RISK RETENTION GROUP, INC.13067 27 GAGE TERRACE BIGFORK, MT 59911-3544 BRENDA M. OLSON (406) 282-0170 MT
PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 MARCY WATERFALL (802) 864-6269 VT
RED CLAY RISK RETENTION GROUP, INC.13078 14382 US HIGHWAY 19, SOUTH THOMASVILLE, GA 31757-4801 CORY E. BROWN (229) 226-1937x1 SC
RED ROCK RISK RETENTION GROUP, INC.13736 1850 NORTH CENTRAL AVENUE, SUITE 1700, PHOENIX, AZ 85004-4574 LEE M. MILIZIA (602) 427-3208 AZ
REGIONAL HEALTH INS CO RRG12010 1333 H STREET, NW, SUITE 820, WASHINGTON, DC 20005-4707 DEBORAH ANN CANECO (802) 861-6802 DC
REPUBLIC RRG12019 1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384
ROBERT G. MEETZE (843) 573-4676 SC
RESIDENTIAL INS CO INC A RRG10691 1123 11TH AVENUE, SUITE 403A, HONOLULU, HI 96816-2433 HUGH B. MCCREERY (303) 306-0002 HI
RESTORATION RISK RETENTION GROUP, INC.12209 2999 NORTH 44TH STREET, SUITE 550, PHOENIX, AZ 85018-7295 GEMMA AGUSTIN-TUANQUI (800) 226-0793 AZ
RPX RRG14135 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929 NADINE TOMIYASU (808) 540-4312 HI
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by Company Name
SAINT LUKE'S HLTH SYSTEM RRG11712 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384 ALICIA D. COLELLA (802) 371-2238 SC
SAMARITAN RISK RETENTION GROUP, INC.12511 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 DAWN M. DINARDO (843) 614-3134 SC
SCAFFOLD INDUSTRY INSURANCE COMPANY RISK RETENTION GROUP, INC.
12524 STERLING PLAZA, 5949 SHERRY LANE, SUITE 1175, DALLAS, TX 75225-8075 MARY CLAIRE GOFF (877) 587-1763 DC
SCHUYKILL CROSSING RECIPROCAL RRG11808 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 BILL MOURELATOS (802) 652-1558 VT
SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP12988 7251 WEST LAKE MEAD BOULEVARD, SUITE 401, LAS VEGAS, NV 89128-8370 REBECCA S. BOUDREAU (802) 864-1710 NV
SECURITY AMERICA RRG INC11267 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JODI K. GUZZARDO (802) 864-6332 VT
SELECT MD RRG14136 27 GAGE TERRACE BIGFORK, MT 59911-3544 BRENDA M. OLSON (406) 282-0170 MT
SELECT PROVIDERS INSURANCE RECIPROCAL EXCHANGE A RRG13571 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
SHAMUS ROFF (802) 371-2253 DC
SENTINEL ASSUR RRG INC12005 745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3810 SCOT STERENBERG (808) 585-3591 HI
SIGMA RRG, INC.13557 C/O AON INSURANCE MANAGERS, 1 POSTON ROAD, SUITE 1, CHARLESTON, SC 29407
EMI SWAIM 843-614-3136 DC
SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 KELLY BOURNE (843) 614-3132 SC
SPIRIT MOUNTAIN INS CO RRG INC10754 607 14TH STREET, NW, SUITE 900, WASHINGTON, DC 20005-2019 CHARLES HALSTEAD-JOHNSO (802) 223-2200 DC
ST CHARLES INS CO RRG11114 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
LEN T. LOGAN (877) 872-7475 SC
ST LUKES HEALTH NETWORK INS CO RRG11688 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 MARY DESRANLEAU (802) 264-4710 VT
STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.13993 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 KATIE GRAY (800) 226-0793x3 NV
STATES SELF-INSURERS RRG44075 222 SOUTH NINTH STREET, SUITE 1300, MINNEAPOLIS, MN 55402-3332 SHERYL ANN SATTLER (612) 766-3000 VT
STICO MUT INS CO RRG10476 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 BECKI MINOLI (802) 264-4576 VT
SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC13135 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 KELLY BOURNE (843) 614-3132 SC
SUNLAND RISK RETENTION GROUP, INC.14026 14362 NORTH FRANK LLOYD WRIGHT BOULEVARD, SUITE 1000, SCOTTSDALE, AZ 85260-8847
LAURA LEE DURKIN (800) 872-7475 DE
SUPERIOR INS CO RRG11669 1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384
ROBERT G. MEETZE (843) 573-4676 SC
TERRA INS CO RRG10113 2386 AIRPORT ROAD BARRE, VT 05641-8629 ABIGAIL M. BERNIER (802) 371-2233 VT
THE HEALTHCARE UNDERWRITING CO RRG10152 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 MARCY WATERFALL (802) 864-6269 VT
TITAN INS CO INC RRG11153 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
SHAMUS ROFF (802) 371-2253 SC
TITLE INDUSTRY ASSURANCE CO RRG10084 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 TRISHA L. DESRANLEAU (802) 652-1556 VT
UNITED CENTRAL PA RRG11548 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 SHERI TREMBLAY (802) 652-1554 VT
UNITED CONTRACTORS INS CO INC RRG12280 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
NICOLE S. HUBLER (802) 371-2249 DE
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by Company Name
UNITED EDUCATORS INS RRG INC10020 TWO WISCONSIN CIRCLE, FOURTH FLOOR, CHEVY CHASE, MD 20815-9913 KAREN LEE VERDON (301) 215-6423 VT
UNITED HOME INSURANCE CO A RRG10712 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 DELISCA A. CHRISTIAN (802) 864-2110 VT
URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 ANDREW CARLTON (800) 223-0793 NV
UV INSURANCE RISK RETENTION GROUP, INC.13988 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929 CHRISTINA KAMAKA (808) 540-4305 HI
VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP11063 2007 POOLE DRIVE HUNTSVILLE, AL 35810-3891 SUSAN MARIE URIE (843) 640-3170 OK
VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 27 GAGE TERRACE BIGFORK, MT 59911-3544 BRENDA M. OLSON (406) 282-0170 MT
VIRGINIA SENIOR CARE RISK RETENTION GROUP13786 201 SOUTH MAIN STREET, SUITE 200, ANN ARBOR, MI 48104-2153 PETER M. FEENEY (734) 996-2700 DC
WARREN RRG INC11802 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JAY E. CURTIS (802) 864-6301 VT
WELLSPAN RRG11682 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JENNIFER L. PETTENGILL (802) 864-2111 VT
WESTERN CATHOLIC INSURANCE COMPANY RRG14122 140 KENNEDY DRIVE SOUTH BURLINGTON, VT 05403-6710 VT
WESTERN INS RRG INC11978 1850 NORTH CENTRAL AVENUE, SUITE 1700, PHOENIX, AZ 85004-4574 KIMBERLY E. WACK (602) 427-3217 AZ
WESTERN PACIFIC MUT INS CO RRG40940 9265 MADRAS COURT LITTLETON, CO 80130-4444 SHERLYN WILKINSON FARRELL (303) 263-0311 CO
WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP13154 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 LISA H. MANLEY (802) 864-2124 VT
YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)11796 30 MAIN STREET, SUITE 450, BURLINGTON, VT 05401-8427 ANITA M. PERKINS (802) 371-2219 VT
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
COMPANYNAIC Cash and Invested Assets
Net Reinsurance
Risk Retention Groups - AssetsOther Assets Total Assets
ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP
12934 $2,886,961 $68,513 $3,754,448$798,974
ACBG RISK RETENTION GROUP, LLC12557 $1,485,284 $48,427 $1,964,868$431,157
AEGIS HEALTHCARE RRG, INC.12252 $1,711,083 $275,500 $3,329,338$1,342,755
AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP13677 $3,291,474 $537,347 $3,836,082$7,261
AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP13606 $1,008,838 $0 $1,513,892$505,054
AGRI INSURANCE EXCHANGE RRG28380 $12,585,776 $0 $12,630,742$44,966
ALLEGIANT INS CO INC A RRG11965 $8,535,722 $1,955,491 $10,776,541$285,328
ALLIANCE OF NONPROFITS FOR INS RRG10023 $42,670,007 $1,632,629 $51,293,384$6,990,748
ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 $22,247,263 $15,280 $24,157,460$1,894,917
ALLIED SERVICES RISK RETENTION GROUP12013 $5,580,568 $0 $5,605,718$25,150
AMERICAN ASSOC OF OTHODONTISTS RRG10232 $32,903,278 $0 $34,424,422$1,521,144
AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 $105,046 $17,247 $1,129,926$1,007,633
AMERICAN CONTRACTORS INS CO RRG12300 $6,843,579 $0 $16,935,708$10,092,129
AMERICAN EXCESS INS EXCHANGE RRG10903 $396,395,469 $0 $399,329,748$2,934,279
AMERICAN FEED INDUSTRY INS CO RRG44202 $5,388,493 $0 $5,511,594$123,101
AMERICAN FOREST CASUALTY COMPANY RRG11590 $7,840,155 $0 $8,787,850$947,695
AMERICAN INTER FIDELITY EXCH RRG40088 $22,155,351 $0 $23,753,118$1,597,767
AMERICAN SAFETY RRG INC25448 $10,614,972 $599,504 $15,818,987$4,604,511
AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG11534 $13,332,512 $37,902 $14,354,104$983,690
AMERIGUARD RRG INC12171 $11,643,103 $0 $12,091,521$448,418
APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 $61,989,689 $285,936 $83,909,738$21,634,113
ARCHITECTS & ENGINEERS INS CO RRG44148 $10,372,506 $915,241 $20,825,286$9,537,539
ARCOA RISK RETENTION GROUP, INC.13177 $9,246,420 $0 $10,309,783$1,063,363
ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP13580 $1,143,891 $0 $2,384,334$1,240,443
ARTISAN CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC14005 $621,180 $0 $684,045$62,865
ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 $2,102,316 $0 $2,125,397$23,081
ATTORNEYS INS MUTUAL OF ALABAMA INC33677 $14,452,383 $960,286 $15,723,825$311,156
ATTORNEYS INSURANCE MUTUAL RRG INC22670 $17,349,301 $0 $17,923,102$573,801
ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 $127,764,578 $5,747,084 $137,142,023$3,630,361
ATTORNEYS LIAB PROTECTION SOC RRG32450 $82,932,815 $1,028,765 $92,605,463$8,643,883
ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 $1,439,584 $21,650 $1,522,337$61,103
AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 $20,534,806 $0 $22,389,321$1,854,515
AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 $1,693,795 $0 $2,000,149$306,354
BAR VERMONT RISK RETENTION GROUP INC10174 $19,339,251 $662,543 $21,015,380$1,013,586
BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 $19,562,344 $879,809 $25,150,016$4,707,863
BEST CARE INSURANCE COMPANY RRG14169 $510,214 $0 $510,214$0
BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP13010 $1,802,921 $0 $2,214,383$411,462
BROADLINE RISK RETENTION GROUP, INC.13788 $57,063,150 $0 $81,185,610$24,122,460
CALIFORNIA HEALTHCARE INS CO INC RRG44504 $95,943,397 $0 $114,756,199$18,812,802
CARE RRG, INC.11825 $9,667,473 $849,657 $11,783,694$1,266,564
CAREGIVERS UNITED LIAB INS CO RRG11544 $30,826,252 $0 $32,650,637$1,824,385
CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP12373 $40,629,764 $1,585,879 $72,962,520$30,746,877
CASSATT RISK RETENTION GROUP INC10808 $5,474,122 $0 $6,480,468$1,006,346
CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP13784 $816,638 $0 $880,060$63,422
CENTRAL PA PHYSICIANS RRG INC11694 $57,811,554 $0 $60,625,731$2,814,177
CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 $11,715,744 $0 $14,706,642$2,990,898
CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG12167 $3,378,987 $55,940 $3,520,598$85,671
CHATTAHOOCHEE RRG CAPTIVE INSURANCE COMPANY11065 $5,614,496 $0 $5,715,572$101,076
CHC CAS RRG11531 $34,554,285 $0 $34,983,400$429,115
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
COMPANYNAIC Cash and Invested Assets
Net Reinsurance
Risk Retention Groups - AssetsOther Assets Total Assets
CIMARRON INSURANCE EXCHANGE RRG12308 $4,122,697 $0 $6,221,012$2,098,315
CIRCLE STAR INS CO RRG11839 $1,978,640 $0 $2,272,357$293,717
CLAIM PROFESSIONALS LIAB INS CO RRG12172 $1,566,946 $0 $2,779,363$1,212,417
CLARIAN HLTH RRG INC11992 $1,414,988 $0 $8,939,582$7,524,594
CLINIC MUTUAL INSURANCE CO RRG43770 $4,361,235 $124,999 $4,524,578$38,344
CMIC RISK RETENTION GROUP13756 $3,206,630 $2,375 $3,470,507$261,502
COASTAL INS RRG INC11668 $46,833,932 $901,378 $49,861,820$2,126,510
COLLEGE LIABILITY INS CO A RECIP RRG44598 $10,321,887 $0 $12,385,583$2,063,696
COLLEGE RISK RETENTION GROUP, INC.13613 $12,012,831 $325,175 $12,460,969$122,963
COLUMBIA NATIONAL RRG INC10803 $1,746,280 $0 $1,780,207$33,927
COMCARE PRO INS RECIPROCAL RRG11864 $3,268,977 $0 $3,826,469$557,492
COMMUNITIES OF FAITH RRG INC11807 $12,906,694 $0 $13,046,473$139,779
COMMUNITY BLOOD CENTERS EXCH RRG13893 $22,713,800 $0 $23,756,769$1,042,969
COMMUNITY HEALTH ALLIANCE RECIP RRG11536 $119,967,943 $0 $121,045,747$1,077,804
COMMUNITY HOSPITAL RRG11259 $184,800,119 $0 $188,607,508$3,807,389
CONSORTIUM RRG11528 $7,314,544 $0 $7,314,544$0
CONSUMER SPECIALTIES INS CO RRG10075 $5,020,349 $299,043 $5,673,875$354,483
CONTINUING CARE RRG, INC.11798 $2,522,510 $0 $4,595,406$2,072,896
CONTRACTORS INS CO OF NORTH AMER RRG11603 $36,923,819 $3,998,382 $44,976,016$4,053,815
CONTROLLED RISK INS CO OF VT RRG10341 $50,449,590 $0 $51,599,216$1,149,626
CPA MUTUAL INS CO OF AMERICA RRG10164 $17,353,082 $831,379 $22,207,026$4,022,565
CROSSFIT RISK RETENTION GROUP, INC.13720 $1,045,247 $0 $1,433,022$387,775
CRUDEN BAY RRG INC11676 $11,691,410 $0 $11,771,637$80,227
CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 $5,362,500 $0 $6,488,798$1,126,298
DELAWARE PROFESSIONAL INSURANCE CO43125 $10,352,376 $0 $10,606,734$254,358
DOCTORS & SURGEONS NATIONAL RRG13018 $5,642,041 $0 $7,583,402$1,941,361
DUBOIS MEDICAL RRG11842 $7,333,308 $0 $7,367,908$34,600
EASTERN DENTISTS INS CO RRG10115 $38,987,468 $306,928 $44,351,025$5,056,629
ELITE TRANSPORTATION RRG INC10125 $10,363,800 $118,589 $12,533,312$2,050,923
EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)12003 $17,113,998 $754,080 $22,901,978$5,033,900
EMERGENCY MEDICINE RRG INC12015 $9,620,245 $0 $13,700,152$4,079,907
EMERGENCY PHYSICIANS INS CO RRG11714 $35,732,072 $100,112 $40,255,410$4,423,226
EVERGREEN USA RRG INC38466 $11,110,458 $272,657 $14,890,075$3,506,960
FAIRWAY PHYSICIANS INS CO RRG11840 $17,300,891 $3,573,997 $28,007,152$7,132,264
FAITH AFFILIATED RRG INC11698 $7,252,155 $0 $7,477,691$225,536
FIRST KEYSTONE RISK RETENTION GROUP, INC.11801 $10,892,082 $926,625 $20,986,348$9,167,641
FIRST MEDICAL INS CO RRG11278 $112,207,260 $0 $113,182,072$974,812
FRANKLIN CASUALTY INS CO RRG10842 $1,764,094 $3,383,871 $30,371,799$25,223,834
FREDERICKSBURG PROFESSIONAL RISK EXC12016 $13,004,140 $0 $19,044,430$6,040,290
GABLES RRG14032 $0 $0 $1,750,000$1,750,000
GEISINGER INS CORP RRG12000 $1,820,041 $555,000 $16,412,811$14,037,770
GENERAL EASTERN SKI INS RRG INC10163 $977,694 $0 $2,704,457$1,726,763
GERIC INSURANCE RISK RETENTION GROUP, INC.13782 $1,007,327 $0 $1,011,863$4,536
GLOBAL HAWK INSURANCE COMPANY RRG11948 $7,508,458 $0 $9,767,631$2,259,173
GLOBAL INTL INS CO INC A RRG10991 $18,052,858 $0 $19,078,145$1,025,287
GOLDEN INS CO RRG11145 $3,592,804 $0 $4,732,282$1,139,478
GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 $4,024,504 $0 $4,090,390$65,886
GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.
13973 $662,402 $0 $1,048,150$385,748
GRACO RRG INC11581 $561,691 $0 $648,254$86,563
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
COMPANYNAIC Cash and Invested Assets
Net Reinsurance
Risk Retention Groups - AssetsOther Assets Total Assets
GREEN HILLS INS CO RRG11941 $20,164,258 $0 $22,560,214$2,395,956
GUARDIAN RRG INC11696 $4,766,155 $0 $5,388,278$622,123
GUTHRIE RRG12014 $47,573,565 $0 $52,830,502$5,256,937
HAMDEN ASSURANCE RRG, INC.13057 $2,610,369 $0 $79,442,369$76,832,000
HEALTH CARE CAS RRG INC12236 $14,544,161 $33,434 $16,241,919$1,664,324
HEALTH NETWORK PROVIDERS MUT INS CO11813 $6,717,280 $0 $7,335,098$617,818
HEALTH PROVIDERS INS RECIPROCAL RRG10080 $71,110,923 $87,605 $77,421,268$6,222,740
HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)
11832 $18,964,517 $99,623,334 $158,899,152$40,311,301
HEALTHCARE PROVIDERS INS CO RRG11683 $63,762,668 $0 $65,559,073$1,796,405
HEARTLAND HEALTHCARE RECIP RRG11998 $12,941,788 $0 $13,485,328$543,540
HERITAGE WARRANTY INS RRG INC11097 $1,373,313 $0 $1,373,313$0
HOME CONSTRUCTION INS CO RRG11950 $5,851,226 $0 $6,205,164$353,938
HOUSING AUTHORITY RRG INC26797 $296,638,523 $300,000 $307,105,524$10,167,001
HOW INSURANCE COMPANY, A RISK RETENTION GROUP41246 $121,225,862 $110,957 $123,503,283$2,166,464
ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 $282,896,259 $2,645,240 $303,678,545$18,137,046
INDEMNITY INSURANCE CORPORATION, RRG12018 $5,935,115 $983,277 $42,893,722$35,975,330
INDIANA HEALTHCARE RECIP RRG11692 $24,610,907 $0 $25,149,799$538,892
INTERMODAL INSURANCE COMPANY, RRG11824 $188,799 $7,857,312 $8,374,193$328,082
J.M. WOODWORTH RRG, INC.12594 $11,684,463 $1,135,650 $16,583,728$3,763,615
JAMESTOWN INS CO RRG11589 $3,500,069 $33,155 $6,773,862$3,240,638
JOLIET AREA RRG CAPTIVE INSURANCE COMPANY12159 $8,287,938 $0 $8,506,940$219,002
KENTUCKIANA MEDICAL RECIPROCAL RRG11872 $46,147,232 $0 $49,374,709$3,227,477
KENTUCKY HOSPITAL INS CO RRG11939 $18,829,740 $409 $19,752,135$921,986
LAKE STREET RRG INC11803 $1,973,735 $0 $1,973,735$0
LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 $7,979,884 $0 $12,879,839$4,899,955
LENDERS PROTECTION ASSUR CO RRG11500 $2,374,134 $0 $2,481,429$107,295
LEWIS & CLARK LTC RRG, INC11947 $13,514,557 $3,039,002 $21,840,572$5,287,013
LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY12627 $3,446,364 $263,072 $7,952,446$4,243,010
LIFE SERVICES NETWORK RECIP INS RRG11958 $7,175,200 $0 $7,347,890$172,690
LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP14084 $502,765 $0 $502,765$0
LVHN RRG11684 $36,256,589 $0 $43,804,597$7,548,008
MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP12554 $1,963,252 $0 $3,446,834$1,483,582
MARATHON FIN INS CO INC RRG11117 $3,359,477 $0 $12,267,129$8,907,652
MCIC VERMONT INC RRG10697 $29,529,157 $1,525,398 $37,335,736$6,281,181
MD RISK RETENTION GROUP, INC.12355 $13,328,019 $22,805 $13,825,767$474,943
MEDAMERICA MUTUAL RRG INC26257 $65,240,078 $0 $67,142,949$1,902,871
MEDPRO RRG RISK RETENTION GROUP13589 $3,494,900 $11,562,663 $28,553,558$13,495,995
MEDSTAR LIABILITY LTD INS CO INC RRG10124 $3,605,036 $1,782,487 $5,483,521$95,998
MENTAL HEALTH RISK RETENTION GROUP44237 $21,690,070 $214,079 $22,383,380$479,231
MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 $5,441,971 $255,287 $8,824,759$3,127,501
MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 $307,536 $0 $1,675,736$1,368,200
MOUNTAIN LAUREL RRG INC11547 $12,772,814 $0 $15,012,386$2,239,572
MOUNTAIN STATES HEALTHCARE RECIP RRG11585 $91,400,472 $0 $92,808,546$1,408,074
MOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.12779 $20,612,962 $0 $22,734,498$2,121,536
NATIONAL ASSISTED LIVING RRG, INC.11806 $6,577,696 $0 $6,955,481$377,785
NATIONAL BUILDERS & CONTRACTORS INS12235 $4,474,206 $9,744 $5,131,993$648,043
NATIONAL CATHOLIC RRG10083 $54,076,902 $4,337,315 $60,794,144$2,379,927
NATIONAL GUARDIAN RRG INC36072 $11,890,616 $3,109,062 $15,823,437$823,759
NATIONAL HOME INSURANCE CO RRG44016 $48,664,604 $3,093,612 $52,509,690$751,474
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
COMPANYNAIC Cash and Invested Assets
Net Reinsurance
Risk Retention Groups - AssetsOther Assets Total Assets
NATIONAL INDEPENDENT TRUCKERS IC RRG11197 $4,686,763 $362,657 $8,368,763$3,319,343
NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.12529 $3,868,649 $160,447 $6,865,158$2,836,062
NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 $9,199,575 $87,511 $9,362,832$75,746
NCMIC RISK RETENTION GROUP, INC.14130 $1,968,418 $0 $1,968,434$16
NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.12539 $2,765,081 $0 $2,882,912$117,831
NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP13792 $8,494,873 $9,079 $9,994,426$1,490,474
NEW STAR RISK RETENTION GROUP, INC.12532 $6,900,728 $0 $8,199,765$1,299,037
NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 $9,044,324 $29,253 $14,178,259$5,104,682
NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP13059 $7,278,022 $0 $7,291,075$13,053
NOVUS INS CO RRG10752 $4,991,724 $707,470 $5,956,493$257,299
OASIS RECIPROCAL RISK RETENTION GROUP13644 $3,960,570 $0 $7,304,252$3,343,682
OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC.12845 $2,505,603 $0 $3,568,829$1,063,226
OCEAN RRG INC10158 $4,973,520 $0 $10,353,812$5,380,292
OCEANUS INS CO A RRG12189 $54,691,312 $2,941,945 $64,772,047$7,138,790
OMS NATL INS CO RRG44121 $307,454,268 $20,536,016 $357,299,562$29,309,278
OOIDA RISK RETENTION GROUP INC10353 $40,069,213 $0 $57,403,772$17,334,559
OPHTHALMIC MUTUAL INS CO RRG44105 $219,333,932 $1,701,699 $232,983,213$11,947,582
ORANGE COUNTY MEDICAL RECIP INS RRG12183 $4,210,354 $0 $5,242,392$1,032,038
ORDINARY MUTUAL A RRG CORP10171 $22,854,654 $0 $24,253,006$1,398,352
PACE RRG INC11575 $4,787,577 $6,805,447 $14,843,477$3,250,453
PARATRANSIT INSURANCE COMPANY, RRG44130 $20,856,906 $19,184 $23,250,253$2,374,163
PCH MUTUAL INSURANCE COMPANY, RRG11973 $7,425,493 $325,641 $8,565,645$814,511
PEACE CHURCH RRG INC11846 $18,325,950 $0 $18,590,172$264,222
PEDIATRICANS INS RRG OF AMER11772 $726,468 $41,198 $848,309$80,643
PELICAN INS RRG11587 $16,207,716 $0 $16,439,192$231,476
PHOEBE RECIPROCAL RRG12004 $4,527,153 $0 $4,554,388$27,235
PHYSICIANS BENEFIT RESOURCES RISK RETENTION GROUP, INC.13810 $604,030 $0 $629,171$25,141
PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 $1,011,056 $0 $1,566,183$555,127
PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 $6,041,789 $524,922 $6,820,711$254,000
PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP12918 $3,915,314 $0 $4,621,335$706,021
PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP12507 $37,291,597 $159,586 $47,776,651$10,325,468
PHYSICIANS PROFESSIONAL LIABILTY RRG11514 $39,510,957 $302,006 $42,574,230$2,761,267
PHYSICIANS REIMBURSEMENT RRG10934 $25,337,806 $0 $25,858,064$520,258
PHYSICIANS SPECIALTY LTD RRG11513 $11,969,358 $554,834 $12,579,718$55,526
PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP14108 $1,097,139 $0 $1,632,101$534,962
PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP13582 $5,873,143 $0 $5,884,234$11,091
PINE TREE INS RECIPROCAL RRG12348 $14,575,009 $0 $14,797,133$222,124
PINELANDS INS CO RRG INC12198 $354,610 $168,989 $3,724,442$3,200,843
PINNACLE CONSORTIUM OF HIGHER ED RRG11980 $6,228,997 $0 $6,388,333$159,336
PINNACLE RRG INC11858 $2,560,843 $0 $2,564,104$3,261
PONCE DE LEON LTC RRG, INC.11809 $14,358,995 $536,831 $16,788,868$1,893,042
PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 $24,740,435 $14,568,869 $46,426,235$7,116,931
PREFERRED PHYSICIANS MEDICAL RRG44083 $178,212,146 $78,267 $183,233,427$4,943,014
PREMIER INSURANCE EXCHANGE RRG10101 $3,320,725 $0 $8,351,763$5,031,038
PROAIR RISK RETENTION GROUP, INC.13179 $54,812 $0 $634,373$579,561
PROBUILDERS SPECIALTY INS CO RRG11671 $15,991,206 $93,080,379 $147,706,100$38,634,515
PROFESSIONAL MEDICAL INS RRG INC10840 $321,244 $0 $341,550$20,306
PROFESSIONALS RISK RETENTION GROUP, INC.13067 $2,737,256 $269,452 $3,187,004$180,296
PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 $4,882,607 $81,897 $5,013,530$49,026
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
COMPANYNAIC Cash and Invested Assets
Net Reinsurance
Risk Retention Groups - AssetsOther Assets Total Assets
RED CLAY RISK RETENTION GROUP, INC.13078 $3,035,761 $0 $4,559,568$1,523,807
RED ROCK RISK RETENTION GROUP, INC.13736 $12,460,538 $0 $13,229,461$768,923
REGIONAL HEALTH INS CO RRG12010 $627,162 $1,024,595 $1,687,263$35,506
REPUBLIC RRG12019 $1,335,248 $0 $1,837,338$502,090
RESIDENTIAL INS CO INC A RRG10691 $2,420,502 $104,196 $2,632,113$107,415
RESTORATION RISK RETENTION GROUP, INC.12209 $40,313,934 $0 $44,536,277$4,222,343
RPX RRG14135 $4,100,000 $0 $4,125,277$25,277
SAINT LUKE'S HLTH SYSTEM RRG11712 $21,862,036 $1,536,784 $23,956,044$557,224
SAMARITAN RISK RETENTION GROUP, INC.12511 $18,463,423 $0 $21,550,327$3,086,904
SCAFFOLD INDUSTRY INSURANCE COMPANY RISK RETENTION GROUP, INC.12524 $458,459 $3,825,805 $5,143,768$859,504
SCHUYKILL CROSSING RECIPROCAL RRG11808 $24,289,775 $0 $30,950,597$6,660,822
SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP12988 $7,404,994 $113,579 $8,274,954$756,381
SECURITY AMERICA RRG INC11267 $3,503,296 $0 $4,123,545$620,249
SELECT MD RRG14136 $991,324 $0 $994,699$3,375
SELECT PROVIDERS INSURANCE RECIPROCAL EXCHANGE A RRG13571 $1,629,195 $0 $2,701,165$1,071,970
SENTINEL ASSUR RRG INC12005 $16,319,193 $0 $16,479,896$160,703
SIGMA RRG, INC.13557 $8,435,788 $0 $10,992,223$2,556,435
SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 $43,954,457 $0 $47,159,635$3,205,178
SPIRIT MOUNTAIN INS CO RRG INC10754 $5,788,992 $0 $6,200,132$411,140
ST CHARLES INS CO RRG11114 $10,183,933 $0 $10,521,831$337,898
ST LUKES HEALTH NETWORK INS CO RRG11688 $44,307,969 $0 $52,953,914$8,645,945
STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.13993 $241,158 $0 $471,888$230,730
STATES SELF-INSURERS RRG44075 $20,404,255 $156,082 $20,688,387$128,050
STICO MUT INS CO RRG10476 $17,699,098 $315,014 $19,902,798$1,888,686
SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC13135 $723,083 $0 $729,834$6,751
SUNLAND RISK RETENTION GROUP, INC.14026 $563,251 $0 $1,934,237$1,370,986
SUPERIOR INS CO RRG11669 $9,422,356 $395,764 $21,366,338$11,548,218
TERRA INS CO RRG10113 $25,353,394 $234,864 $27,001,100$1,412,842
THE HEALTHCARE UNDERWRITING CO RRG10152 $17,775,552 $0 $63,150,213$45,374,661
TITAN INS CO INC RRG11153 $29,495,529 $0 $30,812,685$1,317,156
TITLE INDUSTRY ASSURANCE CO RRG10084 $4,336,183 $1,679,586 $6,808,663$792,894
UNITED CENTRAL PA RRG11548 $19,450,780 $0 $20,177,483$726,703
UNITED CONTRACTORS INS CO INC RRG12280 $18,850,796 $84,809 $23,538,881$4,603,276
UNITED EDUCATORS INS RRG INC10020 $642,165,574 $862,861 $674,475,222$31,446,787
UNITED HOME INSURANCE CO A RRG10712 $3,104,356 $0 $4,310,043$1,205,687
URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 $2,571,933 $0 $2,748,870$176,937
UV INSURANCE RISK RETENTION GROUP, INC.13988 $165,434 $0 $667,010$501,576
VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP11063 $2,687,606 $0 $2,694,381$6,775
VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 $1,982,589 $3,621 $2,019,211$33,001
VIRGINIA SENIOR CARE RISK RETENTION GROUP13786 $2,828,557 $380,504 $3,631,181$422,120
WARREN RRG INC11802 $6,962,025 $0 $7,200,316$238,291
WELLSPAN RRG11682 $16,289,247 $0 $22,476,069$6,186,822
WESTERN CATHOLIC INSURANCE COMPANY RRG14122 $2,039,185 $0 $3,030,518$991,333
WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP13154 $2,629,369 $0 $2,702,091$72,722
YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)11796 $15,872,834 $168,661 $16,319,243$277,748
$6,161,947,776 $331,620,423 $7,413,064,655TOTAL - ALL RRGs $919,496,456
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities
ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP
12934 $573,176 $2,275,498 $213 $0$366,004 $1,336,318 $1,478,947
ACBG RISK RETENTION GROUP, LLC12557 $0 $401,160 ($8) ($202)$13,400 $387,760 $1,563,708
ADVANCED PHYSICIANS INS RRG INC12166 $0 $19,671$0 $19,671 $1,370,296
AEGIS HEALTHCARE RRG, INC.12252 $0 $2,181,158 ($97) ($563)$1,785,481 $395,677 $1,148,180
AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP
13677 $0 $875,209 $1 $0$490,557 $384,652 $2,960,873
AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP
13606 $0 $863,881 $0 ($300)$849,386 $14,495 $650,011
AGRI INSURANCE EXCHANGE RRG28380 $0 $2,115,643 ($242) ($336)$1,874,185 $241,458 $10,515,099
ALLEGIANT INS CO INC A RRG11965 $0 $7,982,961 $1,543 $1,490$6,712,541 $1,270,420 $2,793,580
ALLIANCE OF NONPROFITS FOR INS RRG10023 $6,388,181 $25,340,509 ($301) ($1,745)$17,894,461 $1,057,867 $25,952,875
ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 $5,498,171 $12,807,717 ($895) ($964)$6,275,413 $1,034,133 $11,349,743
ALLIED SERVICES RISK RETENTION GROUP12013 $504,726 $3,135,979 $189 $870$2,444,452 $186,801 $2,469,739
AMERICAN ASSOC OF OTHODONTISTS RRG10232 $3,560,259 $24,959,314 ($4,633) ($5,798)$18,927,464 $2,471,591 $9,465,108
AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 $15,381 $431,798 ($1) ($50)$116,984 $299,433 $698,128
AMERICAN CONTRACTORS INS CO RRG12300 $0 $10,160,435 $0 $0$0 $10,160,435 $6,775,273
AMERICAN EXCESS INS EXCHANGE RRG10903 $11,222,251 $187,421,065 ($16,983) ($47,752)$158,782,995 $17,415,819 $211,908,683
AMERICAN FEED INDUSTRY INS CO RRG44202 $0 $1,715,750 ($889) ($1,719)$1,622,130 $93,620 $3,795,844
AMERICAN FOREST CASUALTY COMPANY RRG11590 $698,315 $5,639,091 ($410) ($1,907)$4,961,112 ($20,336) $3,148,759
AMERICAN INTER FIDELITY EXCH RRG40088 $610,654 $9,079,594 ($47) ($770)$7,089,050 $1,379,890 $14,673,524
AMERICAN SAFETY RRG INC25448 $457,635 $7,226,888 ($2,424) ($444)$3,715,419 $3,053,834 $8,592,099
AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG
11534 $2,867,290 $10,440,221 $355 $73$5,701,734 $1,871,197 $3,913,883
AMERIGUARD RRG INC12171 $5,357 $5,107,519 ($1,896) ($3,115)$3,280,172 $1,821,990 $6,984,002
APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 $17,295,823 $61,704,864 ($1,038) ($2,579)$43,422,100 $986,941 $22,204,874
ARCHITECTS & ENGINEERS INS CO RRG44148 $3,231,391 $11,613,374 ($136) $53$3,426,496 $4,955,487 $9,211,912
ARCOA RISK RETENTION GROUP, INC.13177 $0 $7,840,445 $1,108 $2,540$7,462,521 $377,924 $2,469,338
ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP
13580 $310,891 $660,911 ($75) ($25)$125,000 $225,020 $1,723,423
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities
ARTISAN CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC
14005 $106,968 $177,840 $0 $0$44,518 $26,354 $506,205
ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 $0 $981,258 $127 $717$612,887 $368,371 $1,144,139
ATTORNEYS INS MUTUAL OF ALABAMA INC33677 $1,100,438 $7,417,881 ($1,881) ($3,230)$4,847,000 $1,470,443 $8,305,944
ATTORNEYS INSURANCE MUTUAL RRG INC22670 $1,637,029 $9,889,564 $1,662 $1,087$8,110,757 $141,778 $8,033,538
ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 $103,244 $80,466,319 ($1,017) ($1,464)$50,141,680 $30,221,395 $56,675,704
ATTORNEYS LIAB PROTECTION SOC RRG32450 $11,503,442 $61,881,330 ($1,543) ($7,956)$46,502,389 $3,875,499 $30,724,133
ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 $23,273 $74,581 $0 $0$22,790 $28,518 $1,447,756
AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 $11,898,056 $13,707,900 $0 $0$0 $1,809,844 $8,681,421
AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 $346,055 $1,018,035 $71 $0$161,689 $510,291 $982,114
BAR VERMONT RISK RETENTION GROUP INC10174 $1,649,842 $8,139,104 ($845) ($1,459)$4,486,757 $2,002,505 $12,876,276
BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 $0 $20,786,838 ($1,096) ($815)$14,264,702 $6,522,136 $4,363,178
BEST CARE INSURANCE COMPANY RRG14169 $0 $32 $0 $0$0 $32 $510,182
BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP
13010 $977,138 $1,164,850 $0 $0$44,307 $143,405 $1,049,533
BROADLINE RISK RETENTION GROUP, INC.13788 $8,822,903 $59,972,696 ($3,839) $0$50,750,000 $399,793 $21,212,914
CALIFORNIA HEALTHCARE INS CO INC RRG44504 $8,714,715 $71,816,623 ($6,639) ($15,472)$54,015,064 $9,086,844 $42,939,576
CALIFORNIA MEDICAL GRP INS CO RRG12180 $1,085,015 $6,480,759$5,433,849 ($38,105) $5,401,748
CARE RRG, INC.11825 $484,021 $6,981,374 ($787) ($1,286)$4,323,264 $2,174,089 $4,802,320
CAREGIVERS UNITED LIAB INS CO RRG11544 $1,601,684 $13,909,548 ($2,361) ($4,384)$11,617,475 $690,389 $18,741,088
CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP
12373 $0 $41,772,241 ($238) ($781)$7,267,920 $34,504,321 $31,190,278
CASSATT RISK RETENTION GROUP INC10808 $50,000 $2,788,723 ($1) ($436)$448,956 $2,289,767 $3,691,745
CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP
13784 $0 $122,357 ($6) $0$55,655 $66,702 $757,703
CENTRAL PA PHYSICIANS RRG INC11694 $4,823,721 $41,307,280 $5,749 ($1,256)$31,619,135 $4,864,424 $19,318,451
CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 $1,587,195 $8,611,006 ($632) ($1,738)$6,515,528 $508,283 $6,095,636
CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG12167 $0 $276,589 ($27) ($82)$205,750 $70,839 $3,244,008
CHATTAHOOCHEE RRG CAPTIVE INSURANCE COMPANY11065 $0 $3,323,853 ($225) ($541)$2,700,919 $622,934 $2,391,719
CHC CAS RRG11531 $0 $24,522,525 ($2,096) ($1,709)$23,645,666 $876,859 $10,460,875
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities
CIMARRON INSURANCE EXCHANGE RRG12308 $0 $4,407,822 $387 $526$3,105,879 $1,301,943 $1,813,191
CIRCLE STAR INS CO RRG11839 $0 $770,161 $0 $0$234,639 $535,522 $1,502,196
CLAIM PROFESSIONALS LIAB INS CO RRG12172 $168,046 $1,345,133 ($86) ($73)$757,942 $419,145 $1,434,230
CLARIAN HLTH RRG INC11992 $0 $6,587,099 $0 $0$0 $6,587,099 $2,352,483
CLINIC MUTUAL INSURANCE CO RRG43770 $23,140 $170,219 ($187) ($336)$76,949 $70,130 $4,354,359
CMIC RISK RETENTION GROUP13756 $241,517 $360,490 $0 $0$13,504 $105,469 $3,110,017
COASTAL INS RRG INC11668 $741,278 $27,010,629 ($3,319) ($5,336)$19,366,981 $6,902,370 $22,851,191
COLLEGE LIABILITY INS CO A RECIP RRG44598 $1,163,010 $3,925,155 ($886) ($535)$2,715,435 $46,710 $8,460,427
COLLEGE RISK RETENTION GROUP, INC.13613 $3,137,031 $8,528,510 ($518) ($335)$5,246,095 $145,384 $3,932,459
COLUMBIA NATIONAL RRG INC10803 $428,292 $666,496 $0 $0$0 $238,204 $1,113,711
COMCARE PRO INS RECIPROCAL RRG11864 $569,094 $1,372,239 $306 ($99)$611,473 $191,672 $2,454,230
COMMUNITIES OF FAITH RRG INC11807 $0 $1,423,749 ($482) ($297)$1,265,054 $158,695 $11,622,724
COMMUNITY BLOOD CENTERS EXCH RRG13893 $1,630,215 $11,068,981 ($2,002) ($3,403)$6,234,062 $3,204,704 $12,687,788
COMMUNITY HEALTH ALLIANCE RECIP RRG11536 $0 $106,218,897 ($332) $8,655$58,916,430 $47,302,467 $14,826,850
COMMUNITY HOSPITAL RRG11259 $0 $121,340,532 ($8,363) ($12,245)$110,689,537 $10,650,995 $67,266,976
CONSORTIUM RRG11528 $0 $17,842 ($1,139) ($1,968)$0 $17,842 $7,296,702
CONSUMER SPECIALTIES INS CO RRG10075 $306,436 $2,268,657 ($428) ($692)$1,820,396 $141,825 $3,405,218
CONTINUING CARE RRG, INC.11798 $0 $1,230,045 $88 $0$535,297 $694,748 $3,365,361
CONTRACTORS INS CO OF NORTH AMER RRG11603 $739,798 $28,313,543 $10,900 $5,033$23,479,026 $4,094,719 $16,662,471
CONTROLLED RISK INS CO OF VT RRG10341 $0 $21,725,109 ($1,103) ($2,414)$18,955,857 $2,769,252 $29,874,107
CPA MUTUAL INS CO OF AMERICA RRG10164 $1,257,808 $11,539,144 ($1,204) ($2,213)$8,559,980 $1,721,356 $10,667,882
CROSSFIT RISK RETENTION GROUP, INC.13720 $303,759 $743,403 $0 $0$121,918 $317,726 $689,619
CRUDEN BAY RRG INC11676 $0 $8,466,655 ($3,044) ($1,637)$7,858,655 $608,000 $3,304,982
CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 $533,573 $3,967,662 $734 $0$1,766,804 $1,667,285 $2,521,136
DELAWARE PROFESSIONAL INSURANCE CO43125 $1,021,128 $6,440,580 ($1,641) ($3,305)$5,200,000 $219,452 $4,166,154
DOCTORS & SURGEONS NATIONAL RRG13018 $1,953,408 $5,374,863 $2 $257$2,940,863 $480,592 $2,208,539
DUBOIS MEDICAL RRG11842 $720,416 $3,223,927 ($45) $26$2,471,730 $31,781 $4,143,981
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities
EASTERN DENTISTS INS CO RRG10115 $5,671,048 $28,309,911 ($3,877) ($6,457)$20,252,000 $2,386,863 $16,041,114
ELITE TRANSPORTATION RRG INC10125 $205,951 $10,496,616 ($167) $34$5,545,691 $4,744,974 $2,036,696
EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)
12003 $1,928,709 $16,578,313 $6,668 $6,142$13,352,060 $1,297,544 $6,323,665
EMERGENCY MEDICINE RRG INC12015 $1,643,804 $5,268,819 $18 ($19,909)$2,849,576 $775,439 $8,431,333
EMERGENCY PHYSICIANS INS CO RRG11714 $5,684,843 $32,477,548 $1,701 $1,924$24,865,953 $1,926,752 $7,777,862
EVERGREEN USA RRG INC38466 $1,647,048 $8,689,845 ($1,089) $637$6,380,045 $662,752 $6,200,230
FAIRWAY PHYSICIANS INS CO RRG11840 $5,213,071 $22,463,094 $7,038 $4,366$16,043,112 $1,206,911 $5,544,058
FAITH AFFILIATED RRG INC11698 $463,475 $2,965,712 $721 $1,043$2,411,694 $90,543 $4,511,979
FIRST AUTOMOTIVE INS RRG INC10619
FIRST KEYSTONE RISK RETENTION GROUP, INC.11801 $4,928,647 $16,731,422 $1,654 $3,725$10,701,121 $1,101,654 $4,254,926
FIRST MEDICAL INS CO RRG11278 $6,071,142 $47,559,874 ($7,563) ($14,742)$40,538,325 $950,407 $65,622,198
FORT WAYNE MEDICAL SURETY COMPANY, RRG12625 $575,341 $2,002,190$1,124,422 $302,427 $2,066,338
FRANKLIN CASUALTY INS CO RRG10842 $1,650,456 $28,200,790 $323 ($208)$6,164,845 $20,385,489 $2,171,009
FREDERICKSBURG PROFESSIONAL RISK EXC12016 $0 $8,545,193 ($641) ($1,632)$8,048,592 $496,601 $10,499,237
GABLES RRG14032 $0 $0 ($640) ($459)$0 $0 $1,750,000
GEISINGER INS CORP RRG12000 $487,100 $5,183,396 $0 $0$500,000 $4,196,296 $11,229,415
GENERAL EASTERN SKI INS RRG INC10163 $0 $1,497,997 ($158) ($116)$378,077 $1,119,920 $1,206,460
GERIC INSURANCE RISK RETENTION GROUP, INC.13782 $0 $3,263 $0 $0$0 $3,263 $1,008,600
GLOBAL HAWK INSURANCE COMPANY RRG11948 $3,111,469 $5,419,303 $268 $33$2,076,437 $231,397 $4,348,329
GLOBAL INTL INS CO INC A RRG10991 $0 $678,237 $0 $0$0 $678,237 $18,399,908
GOLDEN INS CO RRG11145 $1,773,965 $2,384,874 $69 $728$431,090 $179,819 $2,347,408
GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 $0 $2,499,586 $1,169 $443$2,387,555 $112,031 $1,590,804
GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.
13973 $203,257 $495,786 $0 $0$0 $292,529 $552,364
GRACO RRG INC11581 $0 $123,302 $0 $0$0 $123,302 $524,952
GREEN HILLS INS CO RRG11941 $2,196,979 $10,962,874 ($1,438) ($3,354)$7,523,946 $1,241,949 $11,597,340
GUARDIAN RRG INC11696 $0 $1,256,102 ($676) ($756)$1,207,032 $49,070 $4,132,176
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities
GUTHRIE RRG12014 $4,673,212 $25,954,466 ($6,770) ($7,573)$20,962,188 $319,066 $26,876,036
HAMDEN ASSURANCE RRG, INC.13057 $0 $77,937,188 $0 $0$0 $77,937,188 $1,505,181
HEALTH CARE CAS RRG INC12236 $732,173 $14,609,653 ($454) ($801)$5,020,530 $8,856,950 $1,632,266
HEALTH NETWORK PROVIDERS MUT INS CO11813 $512,932 $4,736,506 ($896) ($1,394)$3,161,550 $1,062,024 $2,598,592
HEALTH PROVIDERS INS RECIPROCAL RRG10080 $5,733,681 $33,887,458 ($3,676) ($10,100)$26,907,118 $1,246,659 $43,533,810
HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)
11832 $22,197,378 $150,210,813 $298 $170$107,923,579 $20,089,856 $8,688,339
HEALTHCARE PROVIDERS INS CO RRG11683 $4,590,407 $29,269,612 ($1,514) ($5,846)$20,460,574 $4,218,631 $36,289,461
HEARTLAND HEALTHCARE RECIP RRG11998 $0 $5,361,418 ($730) ($1,438)$5,120,702 $240,716 $8,123,910
HERITAGE WARRANTY INS RRG INC11097 $491,149 $679,558 ($161) ($67)$71,800 $116,609 $693,755
HOME CONSTRUCTION INS CO RRG11950 ($9,435) $4,115,347 ($297) ($476)$3,106,377 $1,018,405 $2,089,817
HOUSING AUTHORITY RRG INC26797 $12,741,437 $127,799,480 ($31,903) ($51,087)$99,864,770 $15,193,273 $179,306,045
HOW INSURANCE COMPANY, A RISK RETENTION GROUP41246 $0 $14,018,313 $23,459 $44,592$2,317,000 $11,701,313 $109,484,969
ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 $13,681,817 $91,434,757 ($9,333) ($28,577)$58,372,578 $19,380,362 $212,243,788
INDEMNITY INSURANCE CORPORATION, RRG12018 $11,218,878 $28,445,592 ($1,235) $96$14,000,000 $3,226,714 $14,448,130
INDIANA HEALTHCARE RECIP RRG11692 $0 $12,782,818 ($2,446) ($2,708)$12,374,129 $408,689 $12,366,981
INNOVATIVE PHYSICIAN SOLUTIONS RRG12320 $594,629 $2,602,768$1,970,024 $38,115 $2,421,527
J.M. WOODWORTH RRG, INC.12594 $3,744,116 $12,329,508 $2,478 $3,491$7,750,494 $834,898 $4,254,219
JAMESTOWN INS CO RRG11589 $1,075,201 $5,409,873 ($819) ($1,110)$2,395,841 $1,938,831 $1,363,989
JOLIET AREA RRG CAPTIVE INSURANCE COMPANY12159 $0 $6,871,928 ($471) ($754)$5,352,755 $1,519,173 $1,635,012
KENTUCKIANA MEDICAL RECIPROCAL RRG11872 $1,506,871 $24,444,901 ($5,486) ($8,737)$21,264,210 $1,673,820 $24,929,808
KENTUCKY HOSPITAL INS CO RRG11939 $171,499 $9,785,817 ($1,544) ($1,366)$7,979,755 $1,634,563 $9,966,318
LAKE STREET RRG INC11803 $0 $509,941 ($77) ($828)$446,562 $63,379 $1,463,794
LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 $4,187,794 $10,105,972 $186 $76$4,057,242 $1,860,936 $2,773,867
LENDERS PROTECTION ASSUR CO RRG11500 $0 $103,982 $0 $0$0 $103,982 $2,377,446
LEWIS & CLARK LTC RRG, INC11947 $3,013,041 $18,215,255 $6,905 $4,945$14,026,020 $1,176,194 $3,625,316
LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY12627 $1,294,666 $6,942,198 $870 $386$4,570,704 $1,076,828 $1,010,247
LIFE SERVICES NETWORK RECIP INS RRG11958 $0 $2,661,582 $33 ($195)$2,052,795 $608,787 $4,686,308
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities
LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP14084 $0 $0 $0 $0$0 $0 $502,765
LVHN RRG11684 $0 $38,804,597 $0 $0$0 $38,804,597 $5,000,000
MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP
12554 $478,308 $2,101,190 ($287) ($117)$1,158,716 $464,166 $1,345,644
MARATHON FIN INS CO INC RRG11117 $466,038 $10,259,954 ($265) ($175)$80,000 $9,713,916 $2,007,175
MCIC VERMONT INC RRG10697 $0 $26,273,594 $4 $3$17,077,001 $9,196,593 $11,062,142
MD RISK RETENTION GROUP, INC.12355 $0 $7,468,785 ($2,321) ($312)$6,470,830 $997,955 $6,356,983
MEDAMERICA MUTUAL RRG INC26257 $231,588 $36,024,955 ($6,333) ($7,359)$25,067,685 $10,725,682 $31,117,994
MEDICAL INSURANCE UNDERWRITERS RISK RETENTION GROUP12576
MEDPRO RRG RISK RETENTION GROUP13589 $9,477,157 $25,748,448 ($5) ($1)$11,962,614 $4,308,677 $2,805,110
MEDSTAR LIABILITY LTD INS CO INC RRG10124 $99,437 $4,430,538 ($310) ($716)$4,016,728 $314,373 $1,052,983
MENTAL HEALTH RISK RETENTION GROUP44237 $1,556,447 $11,991,093 ($5,057) ($6,286)$9,790,325 $644,321 $10,392,288
MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 $629,553 $7,113,996 ($11) ($1,476)$3,939,181 $2,545,262 $1,710,764
MIDWEST PROVIDER INSURANCE COMPANY, RRG12147 $586,576 $7,883,007$1,000,660 $6,295,771 $1,499,158
MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 $166,667 $574,430 $0 $0$300,000 $107,763 $1,101,306
MOUNTAIN LAUREL RRG INC11547 $2,491,466 $12,386,842 ($166) ($1,015)$8,908,000 $987,376 $2,625,544
MOUNTAIN STATES HEALTHCARE RECIP RRG11585 $0 $50,454,077 ($9,179) ($14,278)$47,126,700 $3,327,377 $42,354,469
MOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.12779 $0 $11,813,378 ($2,505) ($3,719)$11,073,239 $740,139 $10,921,120
NATIONAL ASSISTED LIVING RRG, INC.11806 $685,339 $3,867,866 ($458) ($775)$2,721,077 $461,450 $3,087,614
NATIONAL BUILDERS & CONTRACTORS INS12235 $112,071 $3,383,897 ($314) $1,332$2,883,995 $387,831 $1,748,096
NATIONAL CATHOLIC RRG10083 $5,262,794 $44,940,410 $2,946 $2,835$38,239,361 $1,438,255 $15,853,734
NATIONAL CONTRACTORS INS CO INC RRG12293 $1,845,337 $9,153,090$6,571,901 $735,852 $4,043,872
NATIONAL GUARDIAN RRG INC36072 $78,097 $10,294,388 ($1,200) ($2,590)$9,295,309 $920,982 $5,529,049
NATIONAL HOME INSURANCE CO RRG44016 $19,833,109 $34,141,714 ($425) $0$5,011,324 $9,297,281 $18,367,976
NATIONAL INDEPENDENT TRUCKERS IC RRG11197 $763,570 $3,222,224 ($160) ($498)$1,638,555 $820,099 $5,146,539
NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.
12529 $0 $4,047,229 $0 $0$0 $4,047,229 $2,817,929
NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 $1,421,539 $1,709,174 ($5) ($320)$20,000 $267,635 $7,653,658
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities
NCMIC RISK RETENTION GROUP, INC.14130 $0 $42,961 $0 $0$0 $42,961 $1,925,473
NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.12539 $325,912 $1,962,620 ($454) ($605)$2,019,563 ($382,855) $920,292
NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP
13792 $3,067,516 $4,993,489 ($11) $0$79,701 $1,846,272 $5,000,937
NEW STAR RISK RETENTION GROUP, INC.12532 $560,217 $4,128,942 $292 $1,595$1,953,087 $1,615,638 $4,070,823
NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 $2,639,585 $10,982,948 $935 $888$9,264,798 ($921,435) $3,195,311
NJ CAR RISK RETENTION GROUP12581
NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP
13059 $307,016 $5,693,995 ($536) $122$3,514,553 $1,872,426 $1,597,080
NOVUS INS CO RRG10752 $1,601,447 $3,396,134 $6,802 $8,445$16,931,485 ($15,136,798) $2,560,360
OASIS RECIPROCAL RISK RETENTION GROUP13644 $1,380,919 $5,532,328 ($531) ($224)$2,469,528 $1,681,881 $1,771,924
OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC.
12845 $703,626 $2,717,203 $323 $519$1,816,248 $197,329 $851,626
OCEAN RRG INC10158 $2,199,441 $8,980,338 $1,050 $2,985$6,560,815 $220,082 $1,373,474
OCEANUS INS CO A RRG12189 $13,143,172 $50,124,740 ($771) ($1,869)$32,047,569 $4,933,999 $14,647,307
OLYMPIA RISK RETENTION GROUP, INC.13062 $0 $2,011,766$2,026,057 ($14,291) $45,506
OMS NATL INS CO RRG44121 $44,414,560 $210,734,082 ($15,312) ($18,993)$152,247,183 $14,072,339 $146,565,480
OOIDA RISK RETENTION GROUP INC10353 $4,128,426 $36,762,444 ($1,290) ($8,045)$14,879,549 $17,754,469 $20,641,328
OPHTHALMIC MUTUAL INS CO RRG44105 $22,265,352 $92,605,365 ($3,797) ($8,036)$50,863,000 $19,477,013 $140,377,848
ORANGE COUNTY MEDICAL RECIP INS RRG12183 $0 $2,175,873 ($455) ($869)$2,020,807 $155,066 $3,066,519
ORDINARY MUTUAL A RRG CORP10171 $0 $15,869,593 $1,061 ($1,473)$13,771,827 $2,097,766 $8,383,413
PACE RRG INC11575 $88,599 $12,604,301 ($4) $1,943$8,602,138 $3,913,564 $2,239,176
PARATRANSIT INSURANCE COMPANY, RRG44130 $1,548,444 $14,080,013 ($1,842) ($3,183)$10,200,000 $2,331,569 $9,170,240
PCH MUTUAL INSURANCE COMPANY, RRG11973 $1,300,144 $6,027,787 ($171) ($913)$4,187,247 $540,396 $2,537,858
PEACE CHURCH RRG INC11846 $0 $6,846,201 ($1,712) ($3,206)$6,372,627 $473,574 $11,743,969
PEDIATRICANS INS RRG OF AMER11772 $0 $304,668 ($246) $97$281,403 $23,265 $543,640
PELICAN INS RRG11587 $463,787 $4,317,122 ($1,072) ($2,310)$2,645,130 $1,208,205 $12,122,070
PHOEBE RECIPROCAL RRG12004 $0 $1,366,457 ($118) ($423)$1,330,738 $35,719 $3,187,931
PHP RISK RETENTION GROUP, LIMITED12995 $2,313,610 $18,060,016$13,920,874 $1,825,532 $2,599,441
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities
PHYSICIANS BENEFIT RESOURCES RISK RETENTION GROUP, INC.13810 $62,625 $211,956 $0 $0$0 $149,331 $417,215
PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 $153,251 $1,038,567 $0 $0$354,711 $530,605 $527,616
PHYSICIANS COMPLIANCE LIABILITY INSURANCE COMPANY, RRG
12350
PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 $1,308,929 $5,721,201 ($315) ($593)$3,958,042 $454,230 $1,099,511
PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP
12918 $599,435 $3,215,400 ($636) ($601)$2,479,715 $136,250 $1,405,935
PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP
12507 $3,433,297 $35,322,329 ($822) ($2,787)$17,713,728 $14,175,304 $12,454,322
PHYSICIANS PROFESSIONAL LIABILTY RRG11514 $6,910,433 $24,847,867 ($3,595) ($8,163)$15,594,421 $2,343,013 $17,726,363
PHYSICIANS REIMBURSEMENT RRG10934 $0 $15,667,404 ($1,901) ($5,310)$15,360,382 $307,022 $10,190,660
PHYSICIANS RISK RETENTION GROUP LLC13046
PHYSICIANS SPECIALTY LTD RRG11513 $0 $6,788,822 ($627) ($696)$3,219,476 $3,569,346 $5,790,896
PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP
14108 $10,699 $68,519 $0 $0$534 $57,286 $1,563,582
PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP
13582 $0 $2,129,035 ($1,173) ($616)$2,047,811 $81,224 $3,755,199
PINE TREE INS RECIPROCAL RRG12348 $0 $7,813,709 ($1,656) ($512)$5,624,289 $2,189,420 $6,983,423
PINELANDS INS CO RRG INC12198 $473,215 $3,120,527 $137 $1,121$1,706,225 $941,087 $603,915
PINNACLE CONSORTIUM OF HIGHER ED RRG11980 $487,072 $2,550,410 ($24) $93$1,911,065 $152,273 $3,837,923
PINNACLE RRG INC11858 $0 $173,337 ($122) ($395)$79,563 $93,774 $2,390,767
PONCE DE LEON LTC RRG, INC.11809 $2,320,775 $8,595,122 $204 $1,573$5,248,997 $1,025,350 $8,193,746
PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 $6,406,513 $37,726,535 ($322) $494$14,873,940 $16,446,082 $8,699,700
PREFERRED PHYSICIANS MEDICAL RRG44083 $5,931,868 $93,423,934 ($6,147) ($14,360)$69,851,112 $17,640,954 $89,809,493
PREMIER INSURANCE EXCHANGE RRG10101 $0 $472,078 ($178) ($692)$357,100 $114,978 $7,879,685
PREMIER PHYSICIANS INSURANCE COMPANY, RRG12613 $3,863,085 $9,383,302$3,952,369 $1,567,848 $3,308,662
PROAIR RISK RETENTION GROUP, INC.13179 $26,332 $118,181 ($49) ($36)$36,958 $54,891 $516,192
PROBUILDERS SPECIALTY INS CO RRG11671 $6,436 $133,090,476 ($10) $687$129,790,240 $3,293,800 $14,615,624
PROFESSIONAL MEDICAL INS RRG INC10840 $0 $16,261 $0 $0$0 $16,261 $325,289
PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP
12608 $16,161 $245,709$115,275 $114,273 $2,193,457
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities
PROFESSIONALS RISK RETENTION GROUP, INC.13067 $0 $1,907,942 ($219) ($211)$393,956 $1,513,986 $1,279,062
PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 $0 $1,084,104 ($437) ($236)$793,853 $290,251 $3,929,426
RED CLAY RISK RETENTION GROUP, INC.13078 $0 $2,132,767 ($167) ($336)$1,704,490 $428,277 $2,426,801
RED ROCK RISK RETENTION GROUP, INC.13736 $401,563 $8,083,102 $571 $0$7,489,276 $192,263 $5,146,358
REGIONAL HEALTH INS CO RRG12010 $0 $1,488,247 $176 $222$1,398,140 $90,107 $199,016
REPUBLIC RRG12019 $0 $46,500 $0 ($18)$0 $46,500 $1,790,838
RESIDENTIAL INS CO INC A RRG10691 $1,022,001 $1,917,055 $50 $50$574,992 $320,062 $715,058
RESTORATION RISK RETENTION GROUP, INC.12209 $3,377,357 $29,274,048 ($2,937) ($4,147)$20,656,777 $5,239,914 $15,262,229
RPX RRG14135 $0 $72,221 ($36,883) ($64,950)$0 $72,221 $4,053,056
SAINT LUKE'S HLTH SYSTEM RRG11712 $2,256,265 $9,839,231 $31 ($1,311)$4,628,989 $2,953,977 $14,116,813
SAMARITAN RISK RETENTION GROUP, INC.12511 $4,175,423 $8,847,082 ($1,770) ($2,045)$2,526,034 $2,145,625 $12,703,245
SCAFFOLD INDUSTRY INSURANCE COMPANY RISK RETENTION GROUP, INC.
12524 $391,903 $5,334,372 ($84) ($193)$4,196,553 $745,916 ($190,604)
SCHUYKILL CROSSING RECIPROCAL RRG11808 $5,064,299 $24,757,611 ($2,209) ($1,441)$16,459,794 $3,233,518 $6,192,986
SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP
12988 $1,373,429 $5,055,514 $96 ($103)$3,875,744 ($193,659) $3,219,440
SECURITY AMERICA RRG INC11267 $681,201 $1,600,621 $247 $277$1,048,319 ($128,899) $2,522,924
SELECT MD RRG14136 $0 $1,250 $0 $0$0 $1,250 $993,449
SELECT PROVIDERS INSURANCE RECIPROCAL EXCHANGE A RRG
13571 $0 $2,212,393 ($547) ($111)$0 $2,212,393 $488,772
SENTINEL ASSUR RRG INC12005 $1,174,804 $5,325,939 ($1,737) ($3,839)$3,549,664 $601,471 $11,153,957
SIGMA RRG, INC.13557 $2,192,113 $6,399,995 ($820) ($123)$4,061,618 $146,264 $4,592,225
SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 $1,956,000 $39,817,253 $2,468 $3,823$31,926,180 $5,935,073 $7,342,382
SPIRIT MOUNTAIN INS CO RRG INC10754 $550,793 $3,356,714 ($1,229) ($1,650)$1,803,782 $1,002,139 $2,843,418
ST CHARLES INS CO RRG11114 $12,187 $5,309,608 ($6,792) ($6,792)$4,792,153 $505,268 $5,212,223
ST LUKES HEALTH NETWORK INS CO RRG11688 $7,000,613 $42,805,040 $2,748 ($1,119)$35,537,384 $267,043 $10,148,874
STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.13993 $8,849 ($43,863) $0 $0$0 ($52,712) $515,751
STATES SELF-INSURERS RRG44075 $765,028 $12,180,508 $300 $217$9,892,335 $1,523,145 $8,507,877
STICO MUT INS CO RRG10476 $5,080,711 $9,331,516 ($1,128) ($948)$3,971,846 $278,959 $10,571,282
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities
SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC
13135 $0 $133,390 $0 $0$0 $133,390 $596,444
SUNLAND RISK RETENTION GROUP, INC.14026 $0 $916,285 $0 $0$230,000 $686,285 $1,017,952
SUPERIOR INS CO RRG11669 $2,557,691 $15,822,766 $208 $1,941$12,079,555 $1,185,520 $5,543,572
TERRA INS CO RRG10113 $0 $11,409,284 ($220) $358$2,673,689 $8,735,595 $15,591,816
THE HEALTHCARE UNDERWRITING CO RRG10152 $3,380,196 $34,334,852 $1,985 $964$29,254,560 $1,700,096 $28,815,361
TITAN INS CO INC RRG11153 $5,321,379 $6,173,808 $0 $0$0 $852,429 $24,638,877
TITLE INDUSTRY ASSURANCE CO RRG10084 $330,874 $4,559,898 ($310) $52$3,564,609 $664,415 $2,248,765
UNITED CENTRAL PA RRG11548 $0 $6,001,918 $553 ($529)$5,846,399 $155,519 $14,175,565
UNITED CONTRACTORS INS CO INC RRG12280 $2,248,588 $12,985,026 $5,535 $11,977$10,716,609 $19,829 $10,553,865
UNITED EDUCATORS INS RRG INC10020 $56,308,591 $434,563,320 ($6,003) ($23,170)$329,760,657 $48,494,072 $239,911,902
UNITED HOME INSURANCE CO A RRG10712 $2,496,712 $2,618,061 $0 $0$0 $121,349 $1,691,982
URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 $767,976 $1,446,959 $3 ($332)$671,467 $7,516 $1,301,911
UV INSURANCE RISK RETENTION GROUP, INC.13988 $0 $133,130 $0 $0$59,375 $73,755 $533,880
VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP
11063 $302,166 $483,663 ($250) $0$0 $181,497 $2,210,718
VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 $0 $1,148,068 $0 $0$45,127 $1,102,941 $871,143
VIRGINIA SENIOR CARE RISK RETENTION GROUP13786 $829,073 $1,674,975 ($2) $0$776,106 $69,796 $1,956,205
WARREN RRG INC11802 $206,475 $3,629,861 ($1,772) ($2,371)$3,324,385 $99,001 $3,570,455
WELLSPAN RRG11682 $0 $14,348,941 ($2,808) ($3,164)$14,291,396 $57,545 $8,127,128
WESTERN CATHOLIC INSURANCE COMPANY RRG14122 $1,108,132 $1,920,509 $0 $0$127,804 $684,573 $1,110,008
WESTERN INS RRG INC11978 $0 $5,500$0 $5,500 $532,396
WESTERN PACIFIC MUT INS CO RRG40940 $24,513,531 $48,467,991$22,913,264 $1,041,196 $85,241,590
WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP13154 $103,810 $297,305 $0 $0$140,870 $52,625 $2,404,786
YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)
11796 $0 $12,078,677 ($1,086) ($2,030)$6,200,451 $5,878,226 $4,240,566
$3,005,026,373 $578,906,665 $4,385,561,954 $3,236,168,259 ($200,440) ($423,401)TOTAL - ALL RRGs $801,628,916
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios
ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP
12934 7.89 0.25 1.54 1.84
ACBG RISK RETENTION GROUP, LLC12557 110.84 0.01 0.26 1.03
AEGIS HEALTHCARE RRG, INC.12252 0.96 1.56 1.90 0.54
AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP13677 6.71 0.17 0.30 0.56
AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP13606 1.19 1.31 1.33 0.69
AGRI INSURANCE EXCHANGE RRG28380 6.72 0.18 0.20 0.08
ALLEGIANT INS CO INC A RRG11965 1.27 2.40 2.86 1.76
ALLIANCE OF NONPROFITS FOR INS RRG10023 2.38 0.69 0.98 0.70
ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 3.55 0.55 1.13 0.80
ALLIED SERVICES RISK RETENTION GROUP12013 2.28 0.99 1.27 0.39
AMERICAN ASSOC OF OTHODONTISTS RRG10232 1.74 2.00 2.64 0.87
AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 0.90 0.17 0.62 0.06
AMERICAN CONTRACTORS INS CO RRG12300 0.00 0.00 1.50 3.58
AMERICAN EXCESS INS EXCHANGE RRG10903 2.50 0.75 0.88 0.14
AMERICAN FEED INDUSTRY INS CO RRG44202 3.32 0.43 0.45 0.00
AMERICAN FOREST CASUALTY COMPANY RRG11590 1.58 1.58 1.79 0.73
AMERICAN INTER FIDELITY EXCH RRG40088 3.13 0.48 0.62 0.33
AMERICAN SAFETY RRG INC25448 2.86 0.43 0.84 1.54
AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG11534 2.34 1.46 2.67 0.62
AMERIGUARD RRG INC12171 3.55 0.47 0.73 0.23
APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 1.43 1.96 2.78 1.31
ARCHITECTS & ENGINEERS INS CO RRG44148 3.03 0.37 1.26 0.80
ARCOA RISK RETENTION GROUP, INC.13177 1.24 3.02 3.18 2.30
ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP13580 9.15 0.07 0.38 0.43
ARTISAN CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC14005 13.95 0.09 0.35 0.22
ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 3.43 0.54 0.86 0.13
ATTORNEYS INS MUTUAL OF ALABAMA INC33677 2.98 0.58 0.89 0.41
ATTORNEYS INSURANCE MUTUAL RRG INC22670 2.14 1.01 1.23 0.58
ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 2.55 0.88 1.42 5.62
ATTORNEYS LIAB PROTECTION SOC RRG32450 1.78 1.51 2.01 1.21
ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 63.17 0.02 0.05 0.02
AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 0.00 0.00 1.58 0.30
AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 10.48 0.16 1.04 1.18
BAR VERMONT RISK RETENTION GROUP INC10174 4.31 0.35 0.63 0.84
BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 1.37 3.27 4.76 2.94
BEST CARE INSURANCE COMPANY RRG14169 0.00 0.00 0.00 0.00
BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP13010 40.69 0.04 1.11 0.82
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios
BROADLINE RISK RETENTION GROUP, INC.13788 1.12 2.39 2.83 0.97
CALIFORNIA HEALTHCARE INS CO INC RRG44504 1.78 1.26 1.67 0.70
CARE RRG, INC.11825 2.24 0.90 1.45 0.23
CAREGIVERS UNITED LIAB INS CO RRG11544 2.65 0.62 0.74 0.36
CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP12373 5.59 0.23 1.34 0.61
CASSATT RISK RETENTION GROUP INC10808 12.19 0.12 0.76 6.22
CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP13784 14.67 0.07 0.16 0.49
CENTRAL PA PHYSICIANS RRG INC11694 1.83 1.64 2.14 0.69
CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 1.80 1.07 1.41 0.62
CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG12167 16.42 0.06 0.09 0.28
CHATTAHOOCHEE RRG CAPTIVE INSURANCE COMPANY11065 2.08 1.13 1.39 0.49
CHC CAS RRG11531 1.46 2.26 2.34 0.88
CIMARRON INSURANCE EXCHANGE RRG12308 1.33 1.71 2.43 0.99
CIRCLE STAR INS CO RRG11839 8.43 0.16 0.51 3.46
CLAIM PROFESSIONALS LIAB INS CO RRG12172 2.07 0.53 0.94 1.50
CLARIAN HLTH RRG INC11992 0.00 0.00 2.80 7.73
CLINIC MUTUAL INSURANCE CO RRG43770 56.68 0.02 0.04 0.00
CMIC RISK RETENTION GROUP13756 237.46 0.00 0.12 0.16
COASTAL INS RRG INC11668 2.42 0.85 1.18 0.39
COLLEGE LIABILITY INS CO A RECIP RRG44598 3.80 0.32 0.46 0.25
COLLEGE RISK RETENTION GROUP, INC.13613 2.29 1.33 2.17 1.53
COLUMBIA NATIONAL RRG INC10803 0.00 0.00 0.60 0.25
COMCARE PRO INS RECIPROCAL RRG11864 5.35 0.25 0.56 0.64
COMMUNITIES OF FAITH RRG INC11807 10.20 0.11 0.12 0.13
COMMUNITY BLOOD CENTERS EXCH RRG13893 3.64 0.49 0.87 0.38
COMMUNITY HEALTH ALLIANCE RECIP RRG11536 2.04 3.97 7.16 1.32
COMMUNITY HOSPITAL RRG11259 1.67 1.65 1.80 0.46
CONSORTIUM RRG11528 0.00 0.00 0.00 0.00
CONSUMER SPECIALTIES INS CO RRG10075 2.76 0.53 0.67 0.37
CONTINUING CARE RRG, INC.11798 4.71 0.16 0.37 1.16
CONTRACTORS INS CO OF NORTH AMER RRG11603 1.57 1.41 1.70 0.33
CONTROLLED RISK INS CO OF VT RRG10341 2.66 0.63 0.73 3.94
CPA MUTUAL INS CO OF AMERICA RRG10164 2.03 0.80 1.08 0.75
CROSSFIT RISK RETENTION GROUP, INC.13720 8.57 0.18 1.08 0.83
CRUDEN BAY RRG INC11676 1.49 2.38 2.56 0.94
CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 3.04 0.70 1.57 2.24
DELAWARE PROFESSIONAL INSURANCE CO43125 1.99 1.25 1.55 0.34
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios
DOCTORS & SURGEONS NATIONAL RRG13018 1.92 1.33 2.43 1.88
DUBOIS MEDICAL RRG11842 2.97 0.60 0.78 0.25
EASTERN DENTISTS INS CO RRG10115 1.93 1.26 1.76 0.63
ELITE TRANSPORTATION RRG INC10125 1.87 2.72 5.15 2.74
EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)12003 1.28 2.11 2.62 1.92
EMERGENCY MEDICINE RRG INC12015 3.38 0.34 0.62 0.35
EMERGENCY PHYSICIANS INS CO RRG11714 1.44 3.20 4.18 1.80
EVERGREEN USA RRG INC38466 1.74 1.03 1.40 0.84
FAIRWAY PHYSICIANS INS CO RRG11840 1.08 2.89 4.05 2.20
FAITH AFFILIATED RRG INC11698 3.01 0.53 0.66 0.20
FIRST KEYSTONE RISK RETENTION GROUP, INC.11801 1.02 2.51 3.93 2.53
FIRST MEDICAL INS CO RRG11278 2.77 0.62 0.72 0.18
FRANKLIN CASUALTY INS CO RRG10842 0.29 2.84 12.99 19.42
FREDERICKSBURG PROFESSIONAL RISK EXC12016 1.62 0.77 0.81 0.19
GABLES RRG14032 0.00 0.00 0.00 0.00
GEISINGER INS CORP RRG12000 3.64 0.04 0.46 0.81
GENERAL EASTERN SKI INS RRG INC10163 2.59 0.31 1.24 0.00
GERIC INSURANCE RISK RETENTION GROUP, INC.13782 0.00 0.00 0.00 0.00
GLOBAL HAWK INSURANCE COMPANY RRG11948 3.62 0.48 1.25 0.92
GLOBAL INTL INS CO INC A RRG10991 0.00 0.00 0.04 0.03
GOLDEN INS CO RRG11145 8.33 0.18 1.02 0.63
GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 1.69 1.50 1.57 0.50
GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.13973 0.00 0.00 0.90 0.22
GRACO RRG INC11581 0.00 0.00 0.23 2.84
GREEN HILLS INS CO RRG11941 2.68 0.65 0.95 0.41
GUARDIAN RRG INC11696 3.95 0.29 0.30 0.26
GUTHRIE RRG12014 2.27 0.78 0.97 0.34
HAMDEN ASSURANCE RRG, INC.13057 0.00 0.00 51.78 0.00
HEALTH CARE CAS RRG INC12236 2.90 3.08 8.95 4.07
HEALTH NETWORK PROVIDERS MUT INS CO11813 2.12 1.22 1.82 0.71
HEALTH PROVIDERS INS RECIPROCAL RRG10080 2.64 0.62 0.78 0.39
HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)
11832 0.18 12.42 17.29 0.43
HEALTHCARE PROVIDERS INS CO RRG11683 3.12 0.56 0.81 0.24
HEARTLAND HEALTHCARE RECIP RRG11998 2.53 0.63 0.66 0.41
HERITAGE WARRANTY INS RRG INC11097 19.13 0.10 0.98 0.49
HOME CONSTRUCTION INS CO RRG11950 1.88 1.49 1.97 0.18
HOUSING AUTHORITY RRG INC26797 2.97 0.56 0.71 0.17
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios
HOW INSURANCE COMPANY, A RISK RETENTION GROUP41246 52.32 0.02 0.13 0.00
ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 4.85 0.28 0.43 0.41
INDEMNITY INSURANCE CORPORATION, RRG12018 0.42 0.97 1.97 1.40
INDIANA HEALTHCARE RECIP RRG11692 1.99 1.00 1.03 0.45
INTERMODAL INSURANCE COMPANY, RRG11824 0.05 1.41 2.07 1.12
J.M. WOODWORTH RRG, INC.12594 1.51 1.82 2.90 1.64
JAMESTOWN INS CO RRG11589 1.46 1.76 3.97 2.71
JOLIET AREA RRG CAPTIVE INSURANCE COMPANY12159 1.55 3.27 4.20 0.90
KENTUCKIANA MEDICAL RECIPROCAL RRG11872 2.17 0.85 0.98 0.28
KENTUCKY HOSPITAL INS CO RRG11939 2.36 0.80 0.98 0.45
LAKE STREET RRG INC11803 4.42 0.31 0.35 0.20
LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 1.97 1.46 3.64 2.67
LENDERS PROTECTION ASSUR CO RRG11500 0.00 0.00 0.04 0.37
LEWIS & CLARK LTC RRG, INC11947 0.96 3.87 5.02 2.78
LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY12627 0.75 4.52 6.87 4.33
LIFE SERVICES NETWORK RECIP INS RRG11958 3.50 0.44 0.57 0.32
LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP14084 0.00 0.00 0.00 0.00
LVHN RRG11684 0.00 0.00 7.76 0.00
MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP12554 1.69 0.86 1.56 1.18
MARATHON FIN INS CO INC RRG11117 41.99 0.04 5.11 6.82
MCIC VERMONT INC RRG10697 1.73 1.54 2.38 16.26
MD RISK RETENTION GROUP, INC.12355 2.06 1.02 1.17 0.74
MEDAMERICA MUTUAL RRG INC26257 2.60 0.81 1.16 0.77
MEDPRO RRG RISK RETENTION GROUP13589 0.29 4.26 9.18 3.25
MEDSTAR LIABILITY LTD INS CO INC RRG10124 0.90 3.81 4.21 1.73
MENTAL HEALTH RISK RETENTION GROUP44237 2.22 0.94 1.15 0.91
MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 1.38 2.30 4.16 1.33
MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 1.03 0.27 0.52 0.07
MOUNTAIN LAUREL RRG INC11547 1.43 3.39 4.72 21.97
MOUNTAIN STATES HEALTHCARE RECIP RRG11585 1.94 1.11 1.19 0.66
MOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.12779 1.86 1.01 1.08 0.63
NATIONAL ASSISTED LIVING RRG, INC.11806 2.42 0.88 1.25 0.57
NATIONAL BUILDERS & CONTRACTORS INS12235 1.55 1.65 1.94 0.41
NATIONAL CATHOLIC RRG10083 1.41 2.41 2.83 1.26
NATIONAL GUARDIAN RRG INC36072 1.28 1.68 1.86 2.20
NATIONAL HOME INSURANCE CO RRG44016 9.71 0.27 1.86 1.31
NATIONAL INDEPENDENT TRUCKERS IC RRG11197 2.86 0.32 0.63 0.65
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios
NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.12529 0.00 0.00 1.44 1.34
NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 459.98 0.00 0.22 0.11
NCMIC RISK RETENTION GROUP, INC.14130 0.00 0.00 0.02 0.00
NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.12539 1.37 2.19 2.13 1.21
NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP13792 106.58 0.02 1.00 0.38
NEW STAR RISK RETENTION GROUP, INC.12532 3.53 0.48 1.01 0.55
NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 0.98 2.90 3.44 1.79
NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP13059 2.07 2.20 3.57 2.11
NOVUS INS CO RRG10752 0.29 6.61 1.33 2.86
OASIS RECIPROCAL RISK RETENTION GROUP13644 1.60 1.39 3.12 0.42
OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC.12845 1.38 2.13 3.19 2.23
OCEAN RRG INC10158 0.76 4.78 6.54 3.28
OCEANUS INS CO A RRG12189 1.71 2.19 3.42 2.08
OMS NATL INS CO RRG44121 2.02 1.04 1.44 0.42
OOIDA RISK RETENTION GROUP INC10353 2.69 0.72 1.78 0.98
OPHTHALMIC MUTUAL INS CO RRG44105 4.31 0.36 0.66 0.30
ORANGE COUNTY MEDICAL RECIP INS RRG12183 2.08 0.66 0.71 0.38
ORDINARY MUTUAL A RRG CORP10171 1.66 1.64 1.89 1.05
PACE RRG INC11575 0.56 3.84 5.63 4.15
PARATRANSIT INSURANCE COMPANY, RRG44130 2.04 1.11 1.54 0.48
PCH MUTUAL INSURANCE COMPANY, RRG11973 1.77 1.65 2.38 0.91
PEACE CHURCH RRG INC11846 2.88 0.54 0.58 0.29
PEDIATRICANS INS RRG OF AMER11772 2.58 0.52 0.56 0.23
PELICAN INS RRG11587 6.13 0.22 0.36 0.26
PHOEBE RECIPROCAL RRG12004 3.40 0.42 0.43 0.14
PHYSICIANS BENEFIT RESOURCES RISK RETENTION GROUP, INC.13810 0.00 0.00 0.51 0.50
PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 2.85 0.67 1.97 3.03
PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 1.53 3.60 5.20 0.00
PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP12918 1.58 1.76 2.29 0.69
PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP12507 2.11 1.42 2.84 0.87
PHYSICIANS PROFESSIONAL LIABILTY RRG11514 2.53 0.88 1.40 0.37
PHYSICIANS REIMBURSEMENT RRG10934 1.65 1.51 1.54 0.30
PHYSICIANS SPECIALTY LTD RRG11513 3.72 0.56 1.17 2.69
PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP14108 2,054.57 0.00 0.04 0.00
PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP13582 2.87 0.55 0.57 0.97
PINE TREE INS RECIPROCAL RRG12348 2.59 0.81 1.12 0.40
PINELANDS INS CO RRG INC12198 0.21 2.83 5.17 4.97
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios
PINNACLE CONSORTIUM OF HIGHER ED RRG11980 3.26 0.50 0.66 1.35
PINNACLE RRG INC11858 32.19 0.03 0.07 0.02
PONCE DE LEON LTC RRG, INC.11809 2.74 0.64 1.05 0.60
PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 1.66 1.71 4.34 1.58
PREFERRED PHYSICIANS MEDICAL RRG44083 2.55 0.78 1.04 0.46
PREMIER INSURANCE EXCHANGE RRG10101 9.30 0.05 0.06 0.00
PROAIR RISK RETENTION GROUP, INC.13179 1.48 0.07 0.23 0.45
PROBUILDERS SPECIALTY INS CO RRG11671 0.12 8.88 9.11 0.03
PROFESSIONAL MEDICAL INS RRG INC10840 0.00 0.00 0.05 2.56
PROFESSIONALS RISK RETENTION GROUP, INC.13067 6.95 0.31 1.49 2.77
PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 6.15 0.20 0.28 0.32
RED CLAY RISK RETENTION GROUP, INC.13078 1.78 0.70 0.88 0.68
RED ROCK RISK RETENTION GROUP, INC.13736 1.66 1.46 1.57 0.52
REGIONAL HEALTH INS CO RRG12010 0.45 7.03 7.48 0.00
REPUBLIC RRG12019 0.00 0.00 0.03 0.00
RESIDENTIAL INS CO INC A RRG10691 4.21 0.80 2.68 0.91
RESTORATION RISK RETENTION GROUP, INC.12209 1.95 1.35 1.92 0.81
RPX RRG14135 0.00 0.00 0.02 0.00
SAINT LUKE'S HLTH SYSTEM RRG11712 4.72 0.33 0.70 0.47
SAMARITAN RISK RETENTION GROUP, INC.12511 7.31 0.20 0.70 0.49
SCAFFOLD INDUSTRY INSURANCE COMPANY RISK RETENTION GROUP, INC.12524 0.11 -22.02 -27.99 -3.74
SCHUYKILL CROSSING RECIPROCAL RRG11808 1.48 2.66 4.00 1.28
SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP12988 1.91 1.20 1.57 1.67
SECURITY AMERICA RRG INC11267 3.34 0.42 0.63 0.77
SELECT MD RRG14136 0.00 0.00 0.00 0.00
SELECT PROVIDERS INSURANCE RECIPROCAL EXCHANGE A RRG13571 0.00 0.00 4.53 11.19
SENTINEL ASSUR RRG INC12005 4.60 0.32 0.48 0.32
SIGMA RRG, INC.13557 2.08 0.88 1.39 0.55
SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 1.38 4.35 5.42 2.05
SPIRIT MOUNTAIN INS CO RRG INC10754 3.21 0.63 1.18 0.98
ST CHARLES INS CO RRG11114 2.13 0.92 1.02 0.15
ST LUKES HEALTH NETWORK INS CO RRG11688 1.25 3.50 4.22 0.87
STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.13993 0.00 0.00 -0.09 0.09
STATES SELF-INSURERS RRG44075 2.06 1.16 1.43 1.16
STICO MUT INS CO RRG10476 4.46 0.38 0.88 0.29
SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC13135 0.00 0.00 0.22 3.04
SUNLAND RISK RETENTION GROUP, INC.14026 2.45 0.23 0.90 3.77
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios
SUPERIOR INS CO RRG11669 0.78 2.18 2.85 1.46
TERRA INS CO RRG10113 9.48 0.17 0.73 0.61
THE HEALTHCARE UNDERWRITING CO RRG10152 0.61 1.02 1.19 0.31
TITAN INS CO INC RRG11153 0.00 0.00 0.25 0.19
TITLE INDUSTRY ASSURANCE CO RRG10084 1.22 1.59 2.03 3.31
UNITED CENTRAL PA RRG11548 3.33 0.41 0.42 0.27
UNITED CONTRACTORS INS CO INC RRG12280 1.76 1.02 1.23 0.45
UNITED EDUCATORS INS RRG INC10020 1.95 1.37 1.81 0.52
UNITED HOME INSURANCE CO A RRG10712 0.00 0.00 1.55 0.63
URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 3.83 0.52 1.11 0.91
UV INSURANCE RISK RETENTION GROUP, INC.13988 2.79 0.11 0.25 0.50
VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP11063 0.00 0.00 0.22 0.05
VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 43.93 0.05 1.32 2.36
VIRGINIA SENIOR CARE RISK RETENTION GROUP13786 3.64 0.40 0.86 0.46
WARREN RRG INC11802 2.09 0.93 1.02 0.33
WELLSPAN RRG11682 1.14 1.76 1.77 0.77
WESTERN CATHOLIC INSURANCE COMPANY RRG14122 15.96 0.12 1.73 0.39
WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP13154 18.67 0.06 0.12 0.16
YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)11796 2.56 1.46 2.85 1.47
2.09TOTAL - ALL RRGs 0.94 1.37 0.76
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
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Analysis by StateRisk Retention Groups
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by State
ALABAMACOASTAL INS RRG INC11668 509 OLIVER ROAD MONTGOMERY, AL 36117-2207 JOHN MARK KILLINGSWORTH (334) 271-5515 AL
ARIZONAADVANCED PHYSICIANS INS RRG INC12166 2700 NORTH THIRD STREET, SUITE 3050, PHOENIX, AZ 85004-
4620ED CALDWELL (602) 200-6900 AZ
ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 1100 W. TOWN & COUNTRY RD., STE. 1400, ORANGE, CA 92868
DOUGLAS JOSEPH HAUSER 714-571-1864 AZ
AMERICAN ASSOC OF OTHODONTISTS RRG10232 15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150
REBECCA J. AITCHISON (802) 371-2229 AZ
APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 1850 N. CENTRAL AVE., SUITE 1700, PHOENIX, AZ 85004 LEE MILIZIA 623-427-3208 AZ
CALIFORNIA MEDICAL GRP INS CO RRG12180 2999 NORTH 44TH STREET, SUITE 550, PHOENIX, AZ 85018-7295
BRYAN ALAN JONES (303) 388-5688 AZ
CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 2700 N. THIRD STREET, SUITE 3050, PHOENIX, AZ 85004-1229 GEMMA AGUSTIN TUANQUI 800-226-0793 AZ
CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG12167 15255 N. 40TH STREET, SUITE 109, PHOENIX, AZ 85032-4638 R&Q QUEST MANAGEMENT SERVICES USA, LLC: RICHARD P
602-952-9532- AZ
ELITE TRANSPORTATION RRG INC10125 15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150
LAURA LEE DURKIN (800) 872-7475 AZ
FORT WAYNE MEDICAL SURETY COMPANY, RRG12625 1850 NORTH CENTRAL AVENUE, SUITE 1700, PHOENIX, AZ 85004-4574
LEE M. MILIZIA (602) 427-3208 AZ
INNOVATIVE PHYSICIAN SOLUTIONS RRG12320 2325 EAST CAMELBACK ROAD, SUITE 600, PHOENIX, AZ 85016-3474
WENDY RAE BROWN (602) 337-6247 AZ
MEDICAL INSURANCE UNDERWRITERS RISK RETENTION GROUP12576 2325 E CAMELBACK ROAD, SUITE 600, PHOENIX, AZ 85016-3474
WENDY RAE BROWN (602) 337-6247 AZ
MIDWEST PROVIDER INSURANCE COMPANY, RRG12147 11201 NORTH TATUM BOULEVARD, SUITE 300, PHOENIX, AZ 85028-6039
JASON L. PALMER (808) 521-0730 AZ
OLYMPIA RISK RETENTION GROUP, INC.13062 1850 NORTH CENTRAL AVENUE, SUITE 1700, PHOENIX, AZ 85004-4574
KIMBERLY E. WACK (602) 427-3217 AZ
ORANGE COUNTY MEDICAL RECIP INS RRG12183 2999 NORTH 44TH STREET, SUITE 550, PHOENIX, AZ 85018-7295
TERESA MARIE MATTHEWS (941) 955-0793 AZ
PHP RISK RETENTION GROUP, LIMITED12995 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 SUSAN MUSCAT (802) 658-9466 AZ
RED ROCK RISK RETENTION GROUP, INC.13736 1850 NORTH CENTRAL AVENUE, SUITE 1700, PHOENIX, AZ 85004-4574
LEE M. MILIZIA (602) 427-3208 AZ
RESTORATION RISK RETENTION GROUP, INC.12209 2999 NORTH 44TH STREET, SUITE 550, PHOENIX, AZ 85018-7295
GEMMA AGUSTIN-TUANQUI (800) 226-0793 AZ
WESTERN INS RRG INC11978 1850 NORTH CENTRAL AVENUE, SUITE 1700, PHOENIX, AZ 85004-4574
KIMBERLY E. WACK (602) 427-3217 AZ
COLORADONATIONAL HOME INSURANCE CO RRG44016 ONE DENVER HIGHLANDS, 10375 EAST HARVARD AVENUE,
SUITE 550, DENVER, CO 80231-3966HUGH B. MCCREERY (303) 306-0002 CO
WESTERN PACIFIC MUT INS CO RRG40940 9265 MADRAS COURT LITTLETON, CO 80130-4444 SHERLYN WILKINSON FARRELL (303) 263-0311 CO
DISTRICT OF COLUMBIAAEGIS HEALTHCARE RRG, INC.12252 555 FAIRMOUNT AVENUE, BALTIMORE, MD 21286 BARBARA LABUSKES 410-339-7263-120 DC
ATTORNEYS INS MUTUAL OF ALABAMA INC33677 200 INVERNESS PARKWAY BIRMINGHAM, AL 35242-4813 MELANIE T. DIXON (205) 980-0009 DC
ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 1050 K STREET, NW, SUITE 400, WASHINGTON, DC 20001-4448
GARRETT JAMES DAVENPORT (260) 486-0418 DC
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by State
CARE RRG, INC.11825 2233 WISCONSIN AVE, N.W., SUITE 310, WASHINGTON, DC 20007
CHARLES HALSTEAD-JOHNSON 802-223-2200 DC
CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP12373 1850 WEST WINCHESTER ROAD, SUITE 109, LIBERTYVILLE, IL 60048-5355
CHAD CURTIS SWIGERT (847) 549-8225 DC
CMIC RISK RETENTION GROUP13756 30 MAIN STREET, SUITE 450, BURLINGTON, VT 05401-8427 SCOTT C. STONE (802) 371-2231 DC
DUBOIS MEDICAL RRG11842 1200 G STREET, NW, SUITE 800, WASHINGTON, DC 20005-6705
BRIAN S. KLINE (814) 375-6377 DC
FAIRWAY PHYSICIANS INS CO RRG11840 15255 NORTH 40TH STREET, SUITE 109, PHOENIX, AZ 85032-4638
RICHARD P. MARSHALL (602) 952-9532 DC
GLOBAL INTL INS CO INC A RRG10991 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104
STEVE BEVINS (802) 223-2200 DC
HEALTH CARE CAS RRG INC12236 8725 WEST HIGGINS ROAD, SUITE 810, CHICAGO, IL 60631-2734
JOSEPH ROGER HERMAN (773) 864-8280 DC
HEALTH NETWORK PROVIDERS MUT INS CO11813 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104
KATIE GRAY (800) 226-0793x340
DC
HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)
11832 201 S. MAIN STREET, SUITE 200, ANN ARBOR, MI 48104 PETER M FEENEY 734 996-2700 DC
INTERMODAL INSURANCE COMPANY, RRG11824 1605 MAIN STREET, SUITE 800, SARASOTA, FL 34236 TERESA MATTHEWS 941-373-1162 DC
LIFE SERVICES NETWORK RECIP INS RRG11958 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104
TERESA MARIE MATTHEWS (941) 955-0793 DC
MEDPRO RRG RISK RETENTION GROUP13589 1050 K STREET, NW, SUITE 400, WASHINGTON, DC 20001-4448
GARRETT JAMES DAVENPORT (260) 486-0418 DC
MEDSTAR LIABILITY LTD INS CO INC RRG10124 5565 STERRETT PLACE, FIFTH FLOOR, COLUMBIA, MD 21044-2665
MARCY WATERFALL (802) 864-6269 DC
NATIONAL ASSISTED LIVING RRG, INC.11806 3740 DAVINCI COURT, STE. 130, NORCROSS, GA 30092 ROSE PATRICK 770-255-4913 DC
NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007
CHARLES HALSTEAD-JOHNSON 802-223-2200 DC
NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP
13792 10375 EAST HARVARD AVENUE, SUITE 100, DENVER, CO 80231-3966
BJORN K. HUBBARD (800) 226-0793x329
DC
NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 1001 PENNSYLVANIA AVE., N.W., SUITE 400 SOUTH, WASHINGTON, DC 20004
KATIE GRAY 800-226-0793 DC
NJ CAR RISK RETENTION GROUP12581 1200 G STREET, NW, SUITE 800, WASHINGTON, DC 20005-6705
ROBERT MYERS (609) 883-5056 DC
OCEAN RRG INC10158 837 KEARNY AVENUE KEARNY, NJ 07032-3241 MARY CLAIRE GOFF (877) 587-1763 DC
PCH MUTUAL INSURANCE COMPANY, RRG11973 1605 MAIN STREET, 8TH FLOOR, SARASOTA, FL 34236 TERESA MARIE MATTHEWS 941-955-0793 DC
PEDIATRICANS INS RRG OF AMER11772 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104
BJORN K. HUBBARD (800) 226-0793x329
DC
PINELANDS INS CO RRG INC12198 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104
ANDREW CARLTON (800) 223-0793 DC
PINNACLE RRG INC11858 2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104
RENEE LAGUE (802) 223-2200 DC
PROBUILDERS SPECIALTY INS CO RRG11671 2859 PACES FERRY ROAD, SUITE 800, ATLANTA, GA 30339-5733
CRAIG BOWDEN (770) 257-1709 DC
REGIONAL HEALTH INS CO RRG12010 1333 H STREET, NW, SUITE 820, WASHINGTON, DC 20005-4707
DEBORAH ANN CANECO (802) 861-6802 DC
SCAFFOLD INDUSTRY INSURANCE COMPANY RISK RETENTION GROUP, INC.
12524 STERLING PLAZA, 5949 SHERRY LANE, SUITE 1175, DALLAS, TX 75225-8075
MARY CLAIRE GOFF (877) 587-1763 DC
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by State
SELECT PROVIDERS INSURANCE RECIPROCAL EXCHANGE A RRG13571 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
SHAMUS ROFF (802) 371-2253 DC
SIGMA RRG, INC.13557 C/O AON INSURANCE MANAGERS, 1 POSTON ROAD, SUITE 1, CHARLESTON, SC 29407
EMI SWAIM 843-614-3136 DC
SPIRIT MOUNTAIN INS CO RRG INC10754 607 14TH STREET, NW, SUITE 900, WASHINGTON, DC 20005-2019
CHARLES HALSTEAD-JOHNSON (802) 223-2200 DC
VIRGINIA SENIOR CARE RISK RETENTION GROUP13786 201 SOUTH MAIN STREET, SUITE 200, ANN ARBOR, MI 48104-2153
PETER M. FEENEY (734) 996-2700 DC
DELAWAREARCHITECTS & ENGINEERS INS CO RRG44148 2056 WESTINGS AVENUE, SUITE 20, NAPERVILLE, IL 60563-
2495MICHAEL T. IANNOTTI (800) 437-
2342x103DE
DELAWARE PROFESSIONAL INSURANCE CO43125 845 THIRD AVENUE, 20TH FLOOR, NEW YORK, NY 10022-6601
I. DAVID GORDON (212) 687-2525 DE
INDEMNITY INSURANCE CORPORATION, RRG12018 950 RIDGEBROOK ROAD, SUITE 1500, SPARKS, MD 21152-9390
JEFFREY BRIAN COHEN (410) 472-6000 DE
MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP
12554 NEMOURS BUILDING, 1007 NORTH ORANGE STREET, SUITE 1410, WILMINGTON, DE 19801-1242
PATRICK GHISLAIN THERIAULT (802) 861-2630 DE
MARATHON FIN INS CO INC RRG11117 1710 CORPORATE CROSSING, SUITE ONE, O'FALLON, IL 62269-3741
STEPHEN D. KANTNER (302) 651-8354 DE
SUNLAND RISK RETENTION GROUP, INC.14026 14362 NORTH FRANK LLOYD WRIGHT BOULEVARD, SUITE 1000, SCOTTSDALE, AZ 85260-8847
LAURA LEE DURKIN (800) 872-7475 DE
UNITED CONTRACTORS INS CO INC RRG12280 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
NICOLE S. HUBLER (802) 371-2249 DE
FLORIDAPONCE DE LEON LTC RRG, INC.11809 3655 BROOKSIDE PARKWAY, SUITE 200, ALPHARETTA, GA
30022DONNA K. DALTON 678-781-2444 FL
GEORGIACHATTAHOOCHEE RRG CAPTIVE INSURANCE COMPANY11065 14382 HIGHWAY 19 SOUTH, THOMASVILLE, GA 31757 CORY E BROWN 229-226-1937-106 GA
JOLIET AREA RRG CAPTIVE INSURANCE COMPANY12159 14382 HIGHWAY 19 SOUTH, THOMASVILLE, GA 31757 CORY E BROWN 229-226-1937-106 GA
HAWAIIALLEGIANT INS CO INC A RRG11965 745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3800 MARK HIRONAGA (808) 585-3526 HI
ATTORNEYS INSURANCE MUTUAL RRG INC22670 140 KENNEDY DRIVE SOUTH BURLINGTON, VT 05403-6710 KAREN M. VENNER (802) 651-3377 HI
CALIFORNIA HEALTHCARE INS CO INC RRG44504 9229 SIERRA COLLEGE BOULEVARD ROSEVILLE, CA 95661-5919
JEFFREY DUECK (916) 772-5110 HI
CLINIC MUTUAL INSURANCE CO RRG43770 1003 BISHOP STREET, SUITE 1220, HONOLULU, HI 96813-6436
JASON L. PALMER (808) 521-0730 HI
COLLEGE LIABILITY INS CO A RECIP RRG44598 745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3810 SCOT STERENBERG (808) 585-3591 HI
CONTRACTORS INS CO OF NORTH AMER RRG11603 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929
STACEY GIBBS (802) 264-4588 HI
FIRST AUTOMOTIVE INS RRG INC10619 2400 LOUISIANA BOULEVARD, NE ALBUQUERQUE, NM 87110-4303
LARRY K. HINSON (505) 881-2244 HI
GERIC INSURANCE RISK RETENTION GROUP, INC.13782 15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150
SCOTT S. BRAUER (800) 872-7475 HI
HEALTH PROVIDERS INS RECIPROCAL RRG10080 1003 BISHOP STREET, SUITE 1220, HONOLULU, HI 96813-6436
JASON L. PALMER (808) 521-0730 HI
MEDAMERICA MUTUAL RRG INC26257 3000 OAK ROAD, SUITE 600, WALNUT CREEK, CA 94597-2071
CHRISTOPHER PAUL MERTES (925) 949-0101 HI
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by State
NATIONAL GUARDIAN RRG INC36072 4075 COPPER RIDGE DRIVE TRAVERSE CITY, MI 49684-7059 MARK A. BURNHEIMER (231) 946-6200 HI
PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP13582 C/O WILLIS MANAGEMENT (HAWAII), 1003 BISHOP STREET, HONOLULU, HI 96813-6400
JASON L. PALMER (808) 521-0730 HI
PROFESSIONAL MEDICAL INS RRG INC10840 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929
CHRISTINA KAMAKA (808) 540-4305 HI
RESIDENTIAL INS CO INC A RRG10691 1123 11TH AVENUE, SUITE 403A, HONOLULU, HI 96816-2433
HUGH B. MCCREERY (303) 306-0002 HI
RPX RRG14135 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929
NADINE TOMIYASU (808) 540-4312 HI
SENTINEL ASSUR RRG INC12005 745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3810 SCOT STERENBERG (808) 585-3591 HI
UV INSURANCE RISK RETENTION GROUP, INC.13988 201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929
CHRISTINA KAMAKA (808) 540-4305 HI
IOWAAMERICAN FEED INDUSTRY INS CO RRG44202 4685 MERLE HAY ROAD, SUITE 200, DES MOINES, IA 50322-
1982SUSAN P. TINGLEFF (515) 254-0400 IA
ILLINOISOMS NATL INS CO RRG44121 6133 NORTH RIVER ROAD, SUITE 650, ROSEMONT, IL 60018-
5173KATHERINE ANN EHMANN (847) 384-0041 IL
INDIANAAGRI INSURANCE EXCHANGE RRG28380 5825 LAWTON LOOP EAST DRIVE INDIANAPOLIS, IN 46216-
1064P. DEAN DENHART (317) 541-1800 IN
AMERICAN INTER FIDELITY EXCH RRG40088 8400 LOUISIANA STREET MERRILLVILLE, IN 46410-6385 LEX VENDITTI (219) 755-4567 IN
COMMUNITY BLOOD CENTERS EXCH RRG13893 7015 COLLEGE BOULEVARD, SUITE 400, OVERLAND PARK, KS 66211-1671
J. TODD ROSENBAUM (502) 882-4459 IN
KENTUCKYARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP
13580 1700 EASTPOINT PARKWAY LOUISVILLE, KY 40223-4140 JAMES R. MUELLER (502) 244-1343 KY
DOCTORS & SURGEONS NATIONAL RRG13018 3370 SUGARLOAF PARKWAY, SUITE G-2/302, LAWRENCEVILLE, GA 30044-5486
SARA MARY CARPENTER (706) 232-9591x12 KY
KENTUCKIANA MEDICAL RECIPROCAL RRG11872 201 EAST JEFFERSON STREET, SUITE 104, LOUISVILLE, KY 40202-1250
JAY E. CURTIS (802) 864-6301 KY
KENTUCKY HOSPITAL INS CO RRG11939 2501 NELSON MILLER PARKWAY LOUISVILLE, KY 40223-2221 DEBORAH ROSE RILEY (502) 992-4329 KY
MISSOURIPREFERRED PHYSICIANS MEDICAL RRG44083 9000 WEST 67TH STREET SHAWNEE MISSION, KS 66202-3656 BRUCE WILLIAM ANDERSON (913) 262-2585 MO
MONTANAAMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 27 NORTH 27TH STREET, SUITE 1900, CROWNE PLAZA,
BILLINGS, MT 59101KATIE GRAY 800-226-0793 MT
AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG
11534 111 NORTH HIGGINS, FOURTH FLOOR, MISSOULA, MT 59802 PATRICIA LORRAINE MALONEY 406-523-3908 MT
ARTISAN CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC
14005 ORG CORPORATION, P.O. BOX 510, BIGFORK, MT 59911-0510
JOHN S. MALONEY (718) 937-2010 MT
ATTORNEYS LIAB PROTECTION SOC RRG32450 FLORENCE BUILDING, 111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401
MARY PATRICIA NORDHAGEN (406) 728-3113 MT
AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401
DANIEL JOHN SEMAN (406) 523-3873 MT
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by State
CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP13784 111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401
DANIEL JOHN SEMAN (406) 523-3873 MT
CROSSFIT RISK RETENTION GROUP, INC.13720 111 NORTH SEPULVEDA BOULEVARD, SUITE 243, MANHATTAN BEACH, CA 90266-6849
TONY JAMES SCHMIDT (808) 988-3215 MT
GUARDIAN RRG INC11696 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 JOCELYN M. LYMAN (843) 694-9698 MT
MD RISK RETENTION GROUP, INC.12355 805 MADISON STREET, SUITE 901, SEATTLE, WA 98104-1172 BRENDA M. OLSON (406) 282-0170 MT
MOUNTAIN STATES HEALTHCARE RECIP RRG11585 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 DANIEL THANH NGUYEN (802) 264-2072 MT
NATIONAL CONTRACTORS INS CO INC RRG12293 27 GAGE TERRACE BIGFORK, MT 59911-3544 BRENDA M. OLSON (406) 282-0170 MT
OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC.
12845 27 NORTH 27TH STREET, SUITE 1900, BILLINGS, MT BJORN K. HUBBARD (800) 226-0793x329
MT
PHYSICIANS RISK RETENTION GROUP LLC13046 27 GAGE TERRACE BIGFORK, MT 59911-3544 BRENDA M. OLSON (406) 282-0170 MT
PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP
14108 111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401
DANIEL JOHN SEMAN (406) 523-3873 MT
PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 3250 GREY HAWK COURT, UNIT Z, CARLSBAD, CA 92010-6651
MARY CLAIRE GOFF (877) 587-1763 MT
PROFESSIONALS RISK RETENTION GROUP, INC.13067 27 GAGE TERRACE BIGFORK, MT 59911-3544 BRENDA M. OLSON (406) 282-0170 MT
SELECT MD RRG14136 27 GAGE TERRACE BIGFORK, MT 59911-3544 BRENDA M. OLSON (406) 282-0170 MT
VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 27 GAGE TERRACE BIGFORK, MT 59911-3544 BRENDA M. OLSON (406) 282-0170 MT
NEBRASKALENDERS PROTECTION ASSUR CO RRG11500 1212 NORTH 96TH STREET OMAHA, NE 68114-2274 RONALD LEE WHEELER (402) 399-3325 NE
NEVADAAGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP
13606 1707 VILLAGE CENTER CIRCLE, SUITE 100, LAS VEGAS, NV 89134-0515
RICK O'BRIEN (702) 938-3175 NV
ARCOA RISK RETENTION GROUP, INC.13177 1325 AIRMOTIVE WAY, SUITE 100, RENO, NV 89502-3294 MICHELLE RENEE TRIMBLE (602) 263-6755x42 NV
AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 BJORN K. HUBBARD (800) 226-0793x32 NV
BEST CARE INSURANCE COMPANY RRG14169 1605 MAIN STREET, EIGHTH FLOOR, SARASOTA, FL 34236-5840
ANDREW CARLTON (800) 226-0793 NV
BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP
13010 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 MICHAEL T. ROGERS (702) 678-6868 NV
EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)
12003 5430 W. SAHARA, LAS VEGAS, NV 89146 BJORN K. HUBBARD 941-373-1129 NV
EMERGENCY PHYSICIANS INS CO RRG11714 1528 EUREKA ROAD, SUITE 102, ROSEVILLE, CA 95661-3047 PAUL SHAMPAY (916) 772-2080 NV
GOLDEN INS CO RRG11145 9121 WEST RUSSELL ROAD, SUITE 113, LAS VEGAS, NV 89148-1238
LEN CLAPP (303) 388-5688x1446
NV
GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.
13973 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 ANDREW CARLTON (800) 223-0793 NV
HOME CONSTRUCTION INS CO RRG11950 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 KATIE GRAY (800) 226-0793x34 NV
J.M. WOODWORTH RRG, INC.12594 UUMC 3655 BROOKSIDE PARKWAY, SUITE 200, ALPHARETTA, GA 30022
DONNA K. DALTON 678-781-2444 NV
LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 GEMMA AGUSTIN-TUANQUI (800) 226-0793 NV
LEWIS & CLARK LTC RRG, INC11947 3655 BROOKSIDE PARKWAY, SUITE 200, ALPHARETTA, GA 30022
DONNA K. DALTON 678-781-2400 NV
LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP14084 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 LINDA VILLANI (800) 226-0793x31 NV
NATIONAL BUILDERS & CONTRACTORS INS12235 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 GEMMA AGUSTIN-TUANQUI (800) 226-0793 NV
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by State
NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.12539 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 TERESA MARIE MATTHEWS (941) 955-0793 NV
PHYSICIANS BENEFIT RESOURCES RISK RETENTION GROUP, INC.13810 15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150
JAMES SHOOK (802) 371-2273 NV
PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 ANDREW CARLTON (800) 223-0793 NV
PHYSICIANS COMPLIANCE LIABILITY INSURANCE COMPANY, RRG12350 832 WILLOW STREET RENO, NV 89502-1304 MAURICIO FERNANDEZ (305) 662-7839 NV
PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 BUILDING G, 7890 PETERS ROAD, SUITE 106, PLANTATION, FL 33324-4028
ANCA VAGUE (954) 236-2400 NV
PREMIER PHYSICIANS INSURANCE COMPANY, RRG12613 575 SOUTH SALIMAN ROAD CARSON CITY, NV 89701-5000 JESSICA CONTRERAS (775) 887-2480 NV
PROAIR RISK RETENTION GROUP, INC.13179 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 TERESA MARIE MATTHEWS (941) 955-0793 NV
SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP12988 7251 WEST LAKE MEAD BOULEVARD, SUITE 401, LAS VEGAS, NV 89128-8370
REBECCA S. BOUDREAU (802) 864-1710 NV
STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.13993 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 KATIE GRAY (800) 226-0793x34 NV
URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 ANDREW CARLTON (800) 223-0793 NV
OKLAHOMAVEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP
11063 2007 POOLE DRIVE HUNTSVILLE, AL 35810-3891 SUSAN MARIE URIE (843) 640-3170 OK
SOUTH CAROLINAALLIED SERVICES RISK RETENTION GROUP12013 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200,
CHARLESTON, SC 29407-5384LEN T. LOGAN (877) 872-7475 SC
AMERICAN FOREST CASUALTY COMPANY RRG11590 1800 SECOND STREET, SUITE 909, SARASOTA, FL 34236-5998 TERESA MARIE MATTHEWS (941) 955-0793 SC
ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 177 MEETING STREET, SUITE 470, CHARLESTON, SC 29401-3160
VIRGINIA ADRIHAN (843) 853-0446x205
SC
CAREGIVERS UNITED LIAB INS CO RRG11544 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
KIM CONNELLY BLOOMER (802) 371-2251 SC
CENTRAL PA PHYSICIANS RRG INC11694 177 MEETING STREET, SUITE 470, CHARLESTON, SC 29401-3160
VIRGINIA ADRIHAN (843) 853-0446x205
SC
CLARIAN HLTH RRG INC11992 340 WEST TENTH STREET, SUITE 3100, INDIANAPOLIS, IN 46202-3082
TONIA EPPS (843) 577-1034 SC
COMMUNITIES OF FAITH RRG INC11807 2711 MIDDLEBURG DRIVE, SUITE 309-A, COLUMBIA, SC 29204-2475
BJORN K. HUBBARD (800) 226-0793x329
SC
CONTINUING CARE RRG, INC.11798 223-B HEATLEY STREET, MONCKS CORNER, SC 29461 KATIE GRAY 800-226-0793 SC
EMERGENCY MEDICINE RRG INC12015 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238
MANNU LUO (843) 577-1035 SC
FAITH AFFILIATED RRG INC11698 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441
KELLY BOURNE (843) 614-3132 SC
FIRST KEYSTONE RISK RETENTION GROUP, INC.11801 4421 ARAMINGO AVENUE PHILADELPHIA, PA 19124-4101 JOSEPH SCHMIDT (215) 235-5000 SC
GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441
DAWN M. DINARDO (843) 614-3134 SC
GRACO RRG INC11581 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441
DAWN M. DINARDO (843) 614-3134 SC
GUTHRIE RRG12014 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238
JASON MCMILLAN (843) 577-1032 SC
HEALTHCARE PROVIDERS INS CO RRG11683 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
GEOFFREY LEWIS SALMON (404) 835-0454 SC
HERITAGE WARRANTY INS RRG INC11097 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
KIM CONNELLY BLOOMER (802) 371-2251 SC
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by State
JAMESTOWN INS CO RRG11589 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
JEFFRY M. DELMAS (802) 371-2252 SC
LVHN RRG11684 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238
MANNU LUO (843) 577-1035 SC
NATIONAL INDEPENDENT TRUCKERS IC RRG11197 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
NICOLE S. HUBLER (802) 371-2249 SC
NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.12529 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441
MICHAEL JOHN COULTER SC
NEW STAR RISK RETENTION GROUP, INC.12532 1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384
PIPER H. CROCKETT (843) 573-4946 SC
NOVUS INS CO RRG10752 1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384
ELIZABETH J. FORNEY (843) 573-4834 SC
OCEANUS INS CO A RRG12189 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
LEN T. LOGAN (877) 872-7475 SC
PHOEBE RECIPROCAL RRG12004 177 MEETING STREET, SUITE 470, CHARLESTON, SC 29401-3160
VIRGINIA ADRIHAN (843) 853-0446x205
SC
PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP12507 151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238
CHRISTOPHER CRAIG LEIGH (843) 577-1360 SC
PHYSICIANS SPECIALTY LTD RRG11513 4535 DRESSLER ROAD, NW CANTON, OH 44718-2545 JEFFRY M. DELMAS (802) 371-2252 SC
RED CLAY RISK RETENTION GROUP, INC.13078 14382 US HIGHWAY 19, SOUTH THOMASVILLE, GA 31757-4801
CORY E. BROWN (229) 226-1937x106
SC
REPUBLIC RRG12019 1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384
ROBERT G. MEETZE (843) 573-4676 SC
SAINT LUKE'S HLTH SYSTEM RRG11712 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
ALICIA D. COLELLA (802) 371-2238 SC
SAMARITAN RISK RETENTION GROUP, INC.12511 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441
DAWN M. DINARDO (843) 614-3134 SC
SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441
KELLY BOURNE (843) 614-3132 SC
ST CHARLES INS CO RRG11114 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
LEN T. LOGAN (877) 872-7475 SC
SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC13135 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441
KELLY BOURNE (843) 614-3132 SC
SUPERIOR INS CO RRG11669 1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384
ROBERT G. MEETZE (843) 573-4676 SC
TITAN INS CO INC RRG11153 BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384
SHAMUS ROFF (802) 371-2253 SC
TENNESSEEPARATRANSIT INSURANCE COMPANY, RRG44130 1000 RIDGEWAY LOOP ROAD MEMPHIS, TN 38120-4045 ANITA M. PERKINS (802) 371-2219 TN
TEXASAMERICAN CONTRACTORS INS CO RRG12300 12222 MERIT DRIVE, SUITE 1660, DALLAS, TX 75251-3212 SUZANNE WALSH (800) 563-6051 TX
UTAHLIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY12627 5679 SOUTH REDWOOD ROAD, SUITE 26, SALT LAKE CITY,
UT 84123-5464V. J. PETIT (801) 262-3525 UT
VIRGINIAHOW INSURANCE COMPANY, A RISK RETENTION GROUP41246 11401 CENTURY OAKS TERRACE, SUITE 310, AUSTIN, TX
78758-8702BRENDA J. STEWART (512) 404-6555 VA
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by State
VERMONTACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP
12934 1250 BROADWAY, SUITE 3401, NEW YORK, NY 10001-3713 CLAIRE VERONICA OYELAJA (646) 808-0596 VT
ACBG RISK RETENTION GROUP, LLC12557 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 LINDA B. ELLIOTT (802) 864-2750 VT
AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP13677 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JAY E. CURTIS (802) 864-6301 VT
ALLIANCE OF NONPROFITS FOR INS RRG10023 2386 AIRPORT ROAD BARRE, VT 05641-8629 CINDY L. LYFORD (802) 371-2227 VT
AMERICAN EXCESS INS EXCHANGE RRG10903 12544 HIGH BLUFF DRIVE, SUITE 430, SAN DIEGO, CA 92130-3052
KATHRYN MICHENER BOUCHER (802) 863-4400 VT
AMERICAN SAFETY RRG INC25448 100 GALLERIA PARKWAY, SE, SUITE 700, ATLANTA, GA 30339-5947
MATTHEW ROBERT POLLAK (770) 485-4423 VT
AMERIGUARD RRG INC12171 2386 AIRPORT ROAD BARRE, VT 05641-8629 SCOTT C. STONE (802) 371-2231 VT
ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 311 SOUTH WACKER DRIVE, SUITE 5700, CHICAGO, IL 60606-6629
KEITH RUSSELL CRAVEN (312) 697-6950 VT
BAR VERMONT RISK RETENTION GROUP INC10174 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
JEREMIAH MAHANEY (802) 264-4715 VT
BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 MEGAN HULETTE (802) 264-2086 VT
BROADLINE RISK RETENTION GROUP, INC.13788 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 MELISSA H. LAROSE (802) 864-1716 VT
CASSATT RISK RETENTION GROUP INC10808 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
SCOTT ANDREW MAILLE (802) 264-4711 VT
CHC CAS RRG11531 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 AMY L. DAIGLE (802) 864-1717 VT
CIMARRON INSURANCE EXCHANGE RRG12308 30 MAIN STREET, SUITE 450, BURLINGTON, VT 05401-8427 PAULA A. FRENCH (802) 371-2321 VT
CIRCLE STAR INS CO RRG11839 58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324 RENEE LAGUE (802) 223-2200 VT
CLAIM PROFESSIONALS LIAB INS CO RRG12172 17742 IRVINE BOULEVARD, SUITE 102, TUSTIN, CA 92780-3255
RAMON ROBERT RAMOS V (802) 371-2275 VT
COLLEGE RISK RETENTION GROUP, INC.13613 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JENNIFER L. PETTENGILL (802) 864-2111 VT
COLUMBIA NATIONAL RRG INC10803 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JOHN H. RAYMOND (802) 864-2751 VT
COMCARE PRO INS RECIPROCAL RRG11864 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 JONATHAN J. MCKENZIE (802) 264-2073 VT
COMMUNITY HEALTH ALLIANCE RECIP RRG11536 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JONATHAN J. MCKENZIE (802) 264-2073 VT
COMMUNITY HOSPITAL RRG11259 2547 WASHINGTON ROAD, 720 SUMMERFIELD COMMONS, UPPER SAINT CLAIR, PA 15241-2557
RICHARD E. RADI (412) 212-3476 VT
CONSORTIUM RRG11528 150 BANK STREET, SUITE 201, BURLINGTON, VT 05401-4411 TARA JEAN SMITH (802) 735-1679 VT
CONSUMER SPECIALTIES INS CO RRG10075 2386 AIRPORT ROAD-BERLIN BARRE, VT 05641-8629 PAULA A. FRENCH (802) 371-2321 VT
CONTROLLED RISK INS CO OF VT RRG10341 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 MELISSA H. LAROSE (802) 864-1716 VT
CPA MUTUAL INS CO OF AMERICA RRG10164 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 DAVID D. GUERINO (802) 264-2060 VT
CRUDEN BAY RRG INC11676 30 MAIN STREET, SUITE 450, BURLINGTON, VT 05401-8427 ABIGAIL M. BERNIER (802) 371-2233 VT
CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JOHN H. RAYMOND (802) 864-2751 VT
EASTERN DENTISTS INS CO RRG10115 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476
STEPHEN M. BROWN (802) 861-2930 VT
EVERGREEN USA RRG INC38466 10 FALCON ROAD LEWISTON, ME 04240-5833 ERIC GILCRIS (802) 264-4577 VT
FIRST MEDICAL INS CO RRG11278 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JODI K. GUZZARDO (802) 864-6332 VT
FRANKLIN CASUALTY INS CO RRG10842 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 DELISCA A. CHRISTIAN (802) 864-2110 VT
FREDERICKSBURG PROFESSIONAL RISK EXC12016 2386 AIRPORT ROAD BARRE, VT 05641-8629 SCOTT C. STONE (802) 371-2231 VT
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by State
GABLES RRG14032 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JEFFREY M. TUCKER (802) 864-5599 VT
GEISINGER INS CORP RRG12000 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
RONDA LYNN DEVINO (802) 264-4593 VT
GENERAL EASTERN SKI INS RRG INC10163 76 SAINT PAUL STREET BURLINGTON, VT 05401-4470 DYAN O'HERNE (802) 264-4713 VT
GLOBAL HAWK INSURANCE COMPANY RRG11948 148 COLLEGE ST., SUITE 204, BURLINGTON, VT 5401 STEPHEN M BROWN 802-861-2930 x102 VT
GREEN HILLS INS CO RRG11941 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JEFFREY M. TUCKER (802) 864-5599 VT
HAMDEN ASSURANCE RRG, INC.13057 30 MAIN STREET, SUITE 330, BURLINGTON, VT 05401-8427 JOSEPH BERNARD PERCY (802) 419-1218 VT
HEARTLAND HEALTHCARE RECIP RRG11998 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 DAVID D. GUERINO (802) 264-2060 VT
HOUSING AUTHORITY RRG INC26797 189 COMMERCE COURT, P.O. BOX 189, CHESHIRE, CT 06410-0189
PAULETTE ACHILLI (203) 272-8220x442
VT
ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 1401 H STREET, NW, SUITE 1000, WASHINGTON, DC 20005-2031
CHARLES WARREN BEHR (202) 326-5464 VT
INDIANA HEALTHCARE RECIP RRG11692 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 ALIHAN ALIHAN (802) 264-2074 VT
LAKE STREET RRG INC11803 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
THERESA MAE CARPENTER (802) 862-4400 VT
MCIC VERMONT INC RRG10697 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
DIANE M. HANSON (802) 652-1571 VT
MENTAL HEALTH RISK RETENTION GROUP44237 103 EISENHOWER PARKWAY, SUITE 101, ROSELAND, NJ 07068-1029
MERISSA S. BUSHEY (802) 863-2398 VT
MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476
THAO T. NGUYEN (802) 861-2930x108
VT
MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
ANDREW HAMME (802) 264-4592 VT
MOUNTAIN LAUREL RRG INC11547 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 AMANDA R. WESCOTT (802) 864-2037 VT
NATIONAL CATHOLIC RRG10083 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476
MARY MARIO RICHARDS (802) 861-2930x104
VT
NCMIC RISK RETENTION GROUP, INC.14130 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476
STEPHEN M. BROWN (802) 861-2930 VT
NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP
13059 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 LISA M. KANE (802) 864-2120 VT
OASIS RECIPROCAL RISK RETENTION GROUP13644 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 GARY A. GRISWOLD (802) 658-9466 VT
OOIDA RISK RETENTION GROUP INC10353 58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324 STEVE BEVINS (802) 223-2200 VT
OPHTHALMIC MUTUAL INS CO RRG44105 655 BEACH STREET SAN FRANCISCO, CA 94109-1336 LES J. SCACCALOSI (415) 202-4618 VT
ORDINARY MUTUAL A RRG CORP10171 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
TRISHA L. DESRANLEAU (802) 652-1556 VT
PACE RRG INC11575 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
GARY P. O'HARE (802) 652-1568 VT
PEACE CHURCH RRG INC11846 148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476
MARY MARIO RICHARDS (802) 861-2930x104
VT
PELICAN INS RRG11587 40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 JONATHAN J. MCKENZIE (802) 264-2073 VT
PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP
12918 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 AMANDA R. WESCOTT (802) 864-2037 VT
PHYSICIANS PROFESSIONAL LIABILTY RRG11514 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
STACEY GIBBS (802) 264-4588 VT
PHYSICIANS REIMBURSEMENT RRG10934 2386 AIRPORT ROAD BARRE, VT 05641-8629 ALICIA RUBALCABA (802) 371-2216 VT
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Address Statement Contact Phone Domiciled
Risk Retention Groups - Listing by State
PINE TREE INS RECIPROCAL RRG12348 2386 AIRPORT ROAD BARRE, VT 05641-8629 ALICIA RUBALCABA (802) 371-2216 VT
PINNACLE CONSORTIUM OF HIGHER ED RRG11980 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 MARCY WATERFALL (802) 864-6269 VT
PREMIER INSURANCE EXCHANGE RRG10101 12544 HIGH BLUFF DRIVE, SUITE 430, SAN DIEGO, CA 92130-3052
KATHRYN MICHENER BOUCHER (802) 863-4400 VT
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 VT
PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 MARCY WATERFALL (802) 864-6269 VT
SCHUYKILL CROSSING RECIPROCAL RRG11808 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
BILL MOURELATOS (802) 652-1558 VT
SECURITY AMERICA RRG INC11267 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JODI K. GUZZARDO (802) 864-6332 VT
ST LUKES HEALTH NETWORK INS CO RRG11688 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
MARY DESRANLEAU (802) 264-4710 VT
STATES SELF-INSURERS RRG44075 222 SOUTH NINTH STREET, SUITE 1300, MINNEAPOLIS, MN 55402-3332
SHERYL ANN SATTLER (612) 766-3000 VT
STICO MUT INS CO RRG10476 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
BECKI MINOLI (802) 264-4576 VT
TERRA INS CO RRG10113 2386 AIRPORT ROAD BARRE, VT 05641-8629 ABIGAIL M. BERNIER (802) 371-2233 VT
THE HEALTHCARE UNDERWRITING CO RRG10152 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 MARCY WATERFALL (802) 864-6269 VT
TITLE INDUSTRY ASSURANCE CO RRG10084 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
TRISHA L. DESRANLEAU (802) 652-1556 VT
UNITED CENTRAL PA RRG11548 76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477
SHERI TREMBLAY (802) 652-1554 VT
UNITED EDUCATORS INS RRG INC10020 TWO WISCONSIN CIRCLE, FOURTH FLOOR, CHEVY CHASE, MD 20815-9913
KAREN LEE VERDON (301) 215-6423 VT
UNITED HOME INSURANCE CO A RRG10712 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 DELISCA A. CHRISTIAN (802) 864-2110 VT
WARREN RRG INC11802 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JAY E. CURTIS (802) 864-6301 VT
WELLSPAN RRG11682 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 JENNIFER L. PETTENGILL (802) 864-2111 VT
WESTERN CATHOLIC INSURANCE COMPANY RRG14122 140 KENNEDY DRIVE SOUTH BURLINGTON, VT 05403-6710 VT
WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP13154 100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 LISA H. MANLEY (802) 864-2124 VT
YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)
11796 30 MAIN STREET, SUITE 450, BURLINGTON, VT 05401-8427 ANITA M. PERKINS (802) 371-2219 VT
WEST VIRGINIAMOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.12779 ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-
3441KELLY BOURNE (843) 614-3132 WV
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
COMPANYNAIC Cash and Invested Assets
Net Reinsurance
Risk Retention Groups - Assets By StateOther Assets Total Assets
ALABAMACOASTAL INS RRG INC11668 $46,833,932 $901,378 $49,861,820$2,126,510
SUBTOTAL ALABAMA $46,833,932 $901,378 $49,861,820$2,126,510
ARIZONAALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 $22,247,263 $15,280 $24,157,460$1,894,917
AMERICAN ASSOC OF OTHODONTISTS RRG10232 $32,903,278 $0 $34,424,422$1,521,144
APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 $61,989,689 $285,936 $83,909,738$21,634,113
CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 $11,715,744 $0 $14,706,642$2,990,898
CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG12167 $3,378,987 $55,940 $3,520,598$85,671
ELITE TRANSPORTATION RRG INC10125 $10,363,800 $118,589 $12,533,312$2,050,923
ORANGE COUNTY MEDICAL RECIP INS RRG12183 $4,210,354 $0 $5,242,392$1,032,038
RED ROCK RISK RETENTION GROUP, INC.13736 $12,460,538 $0 $13,229,461$768,923
RESTORATION RISK RETENTION GROUP, INC.12209 $40,313,934 $0 $44,536,277$4,222,343
SUBTOTAL ARIZONA $199,583,587 $475,745 $236,260,302$36,200,970
COLORADONATIONAL HOME INSURANCE CO RRG44016 $48,664,604 $3,093,612 $52,509,690$751,474
SUBTOTAL COLORADO $48,664,604 $3,093,612 $52,509,690$751,474
DISTRICT OF COLUMBIAAEGIS HEALTHCARE RRG, INC.12252 $1,711,083 $275,500 $3,329,338$1,342,755
ATTORNEYS INS MUTUAL OF ALABAMA INC33677 $14,452,383 $960,286 $15,723,825$311,156
ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 $1,439,584 $21,650 $1,522,337$61,103
CARE RRG, INC.11825 $9,667,473 $849,657 $11,783,694$1,266,564
CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP12373 $40,629,764 $1,585,879 $72,962,520$30,746,877
CMIC RISK RETENTION GROUP13756 $3,206,630 $2,375 $3,470,507$261,502
DUBOIS MEDICAL RRG11842 $7,333,308 $0 $7,367,908$34,600
FAIRWAY PHYSICIANS INS CO RRG11840 $17,300,891 $3,573,997 $28,007,152$7,132,264
GLOBAL INTL INS CO INC A RRG10991 $18,052,858 $0 $19,078,145$1,025,287
HEALTH CARE CAS RRG INC12236 $14,544,161 $33,434 $16,241,919$1,664,324
HEALTH NETWORK PROVIDERS MUT INS CO11813 $6,717,280 $0 $7,335,098$617,818
HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)
11832 $18,964,517 $99,623,334 $158,899,152$40,311,301
INTERMODAL INSURANCE COMPANY, RRG11824 $188,799 $7,857,312 $8,374,193$328,082
LIFE SERVICES NETWORK RECIP INS RRG11958 $7,175,200 $0 $7,347,890$172,690
MEDPRO RRG RISK RETENTION GROUP13589 $3,494,900 $11,562,663 $28,553,558$13,495,995
MEDSTAR LIABILITY LTD INS CO INC RRG10124 $3,605,036 $1,782,487 $5,483,521$95,998
NATIONAL ASSISTED LIVING RRG, INC.11806 $6,577,696 $0 $6,955,481$377,785
NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 $9,199,575 $87,511 $9,362,832$75,746
NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP13792 $8,494,873 $9,079 $9,994,426$1,490,474
NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 $9,044,324 $29,253 $14,178,259$5,104,682
OCEAN RRG INC10158 $4,973,520 $0 $10,353,812$5,380,292
PCH MUTUAL INSURANCE COMPANY, RRG11973 $7,425,493 $325,641 $8,565,645$814,511
PEDIATRICANS INS RRG OF AMER11772 $726,468 $41,198 $848,309$80,643
PINELANDS INS CO RRG INC12198 $354,610 $168,989 $3,724,442$3,200,843
PINNACLE RRG INC11858 $2,560,843 $0 $2,564,104$3,261
PROBUILDERS SPECIALTY INS CO RRG11671 $15,991,206 $93,080,379 $147,706,100$38,634,515
REGIONAL HEALTH INS CO RRG12010 $627,162 $1,024,595 $1,687,263$35,506
SCAFFOLD INDUSTRY INSURANCE COMPANY RISK RETENTION GROUP, INC.12524 $458,459 $3,825,805 $5,143,768$859,504
SELECT PROVIDERS INSURANCE RECIPROCAL EXCHANGE A RRG13571 $1,629,195 $0 $2,701,165$1,071,970
SIGMA RRG, INC.13557 $8,435,788 $0 $10,992,223$2,556,435
SPIRIT MOUNTAIN INS CO RRG INC10754 $5,788,992 $0 $6,200,132$411,140
VIRGINIA SENIOR CARE RISK RETENTION GROUP13786 $2,828,557 $380,504 $3,631,181$422,120
SUBTOTAL DISTRICT OF COLUMBIA $253,600,628 $227,101,528 $640,089,899$159,387,743
DELAWAREARCHITECTS & ENGINEERS INS CO RRG44148 $10,372,506 $915,241 $20,825,286$9,537,539
DELAWARE PROFESSIONAL INSURANCE CO43125 $10,352,376 $0 $10,606,734$254,358
INDEMNITY INSURANCE CORPORATION, RRG12018 $5,935,115 $983,277 $42,893,722$35,975,330
MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP12554 $1,963,252 $0 $3,446,834$1,483,582
MARATHON FIN INS CO INC RRG11117 $3,359,477 $0 $12,267,129$8,907,652
SUNLAND RISK RETENTION GROUP, INC.14026 $563,251 $0 $1,934,237$1,370,986
UNITED CONTRACTORS INS CO INC RRG12280 $18,850,796 $84,809 $23,538,881$4,603,276
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
COMPANYNAIC Cash and Invested Assets
Net Reinsurance
Risk Retention Groups - Assets By StateOther Assets Total Assets
SUBTOTAL DELAWARE $51,396,773 $1,983,327 $115,512,823$62,132,723
FLORIDAPONCE DE LEON LTC RRG, INC.11809 $14,358,995 $536,831 $16,788,868$1,893,042
SUBTOTAL FLORIDA $14,358,995 $536,831 $16,788,868$1,893,042
GEORGIACHATTAHOOCHEE RRG CAPTIVE INSURANCE COMPANY11065 $5,614,496 $0 $5,715,572$101,076
JOLIET AREA RRG CAPTIVE INSURANCE COMPANY12159 $8,287,938 $0 $8,506,940$219,002
SUBTOTAL GEORGIA $13,902,434 $0 $14,222,512$320,078
HAWAIIALLEGIANT INS CO INC A RRG11965 $8,535,722 $1,955,491 $10,776,541$285,328
ATTORNEYS INSURANCE MUTUAL RRG INC22670 $17,349,301 $0 $17,923,102$573,801
CALIFORNIA HEALTHCARE INS CO INC RRG44504 $95,943,397 $0 $114,756,199$18,812,802
CLINIC MUTUAL INSURANCE CO RRG43770 $4,361,235 $124,999 $4,524,578$38,344
COLLEGE LIABILITY INS CO A RECIP RRG44598 $10,321,887 $0 $12,385,583$2,063,696
CONTRACTORS INS CO OF NORTH AMER RRG11603 $36,923,819 $3,998,382 $44,976,016$4,053,815
GERIC INSURANCE RISK RETENTION GROUP, INC.13782 $1,007,327 $0 $1,011,863$4,536
HEALTH PROVIDERS INS RECIPROCAL RRG10080 $71,110,923 $87,605 $77,421,268$6,222,740
MEDAMERICA MUTUAL RRG INC26257 $65,240,078 $0 $67,142,949$1,902,871
NATIONAL GUARDIAN RRG INC36072 $11,890,616 $3,109,062 $15,823,437$823,759
PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP13582 $5,873,143 $0 $5,884,234$11,091
PROFESSIONAL MEDICAL INS RRG INC10840 $321,244 $0 $341,550$20,306
RESIDENTIAL INS CO INC A RRG10691 $2,420,502 $104,196 $2,632,113$107,415
RPX RRG14135 $4,100,000 $0 $4,125,277$25,277
SENTINEL ASSUR RRG INC12005 $16,319,193 $0 $16,479,896$160,703
UV INSURANCE RISK RETENTION GROUP, INC.13988 $165,434 $0 $667,010$501,576
SUBTOTAL HAWAII $351,883,821 $9,379,735 $396,871,616$35,608,060
IOWAAMERICAN FEED INDUSTRY INS CO RRG44202 $5,388,493 $0 $5,511,594$123,101
SUBTOTAL IOWA $5,388,493 $0 $5,511,594$123,101
ILLINOISOMS NATL INS CO RRG44121 $307,454,268 $20,536,016 $357,299,562$29,309,278
SUBTOTAL ILLINOIS $307,454,268 $20,536,016 $357,299,562$29,309,278
INDIANAAGRI INSURANCE EXCHANGE RRG28380 $12,585,776 $0 $12,630,742$44,966
AMERICAN INTER FIDELITY EXCH RRG40088 $22,155,351 $0 $23,753,118$1,597,767
COMMUNITY BLOOD CENTERS EXCH RRG13893 $22,713,800 $0 $23,756,769$1,042,969
SUBTOTAL INDIANA $57,454,927 $0 $60,140,629$2,685,702
KENTUCKYARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP13580 $1,143,891 $0 $2,384,334$1,240,443
DOCTORS & SURGEONS NATIONAL RRG13018 $5,642,041 $0 $7,583,402$1,941,361
KENTUCKIANA MEDICAL RECIPROCAL RRG11872 $46,147,232 $0 $49,374,709$3,227,477
KENTUCKY HOSPITAL INS CO RRG11939 $18,829,740 $409 $19,752,135$921,986
SUBTOTAL KENTUCKY $71,762,904 $409 $79,094,580$7,331,267
MISSOURIPREFERRED PHYSICIANS MEDICAL RRG44083 $178,212,146 $78,267 $183,233,427$4,943,014
SUBTOTAL MISSOURI $178,212,146 $78,267 $183,233,427$4,943,014
MONTANAAMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 $105,046 $17,247 $1,129,926$1,007,633
AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG11534 $13,332,512 $37,902 $14,354,104$983,690
ARTISAN CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC14005 $621,180 $0 $684,045$62,865
ATTORNEYS LIAB PROTECTION SOC RRG32450 $82,932,815 $1,028,765 $92,605,463$8,643,883
AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 $1,693,795 $0 $2,000,149$306,354
CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP13784 $816,638 $0 $880,060$63,422
CROSSFIT RISK RETENTION GROUP, INC.13720 $1,045,247 $0 $1,433,022$387,775
GUARDIAN RRG INC11696 $4,766,155 $0 $5,388,278$622,123
MD RISK RETENTION GROUP, INC.12355 $13,328,019 $22,805 $13,825,767$474,943
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
COMPANYNAIC Cash and Invested Assets
Net Reinsurance
Risk Retention Groups - Assets By StateOther Assets Total Assets
MOUNTAIN STATES HEALTHCARE RECIP RRG11585 $91,400,472 $0 $92,808,546$1,408,074
OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC.12845 $2,505,603 $0 $3,568,829$1,063,226
PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP14108 $1,097,139 $0 $1,632,101$534,962
PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 $24,740,435 $14,568,869 $46,426,235$7,116,931
PROFESSIONALS RISK RETENTION GROUP, INC.13067 $2,737,256 $269,452 $3,187,004$180,296
SELECT MD RRG14136 $991,324 $0 $994,699$3,375
VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 $1,982,589 $3,621 $2,019,211$33,001
SUBTOTAL MONTANA $244,096,225 $15,948,661 $282,937,439$22,892,553
NEBRASKALENDERS PROTECTION ASSUR CO RRG11500 $2,374,134 $0 $2,481,429$107,295
SUBTOTAL NEBRASKA $2,374,134 $0 $2,481,429$107,295
NEVADAAGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP13606 $1,008,838 $0 $1,513,892$505,054
ARCOA RISK RETENTION GROUP, INC.13177 $9,246,420 $0 $10,309,783$1,063,363
AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 $20,534,806 $0 $22,389,321$1,854,515
BEST CARE INSURANCE COMPANY RRG14169 $510,214 $0 $510,214$0
BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP13010 $1,802,921 $0 $2,214,383$411,462
EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)12003 $17,113,998 $754,080 $22,901,978$5,033,900
EMERGENCY PHYSICIANS INS CO RRG11714 $35,732,072 $100,112 $40,255,410$4,423,226
GOLDEN INS CO RRG11145 $3,592,804 $0 $4,732,282$1,139,478
GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.
13973 $662,402 $0 $1,048,150$385,748
HOME CONSTRUCTION INS CO RRG11950 $5,851,226 $0 $6,205,164$353,938
J.M. WOODWORTH RRG, INC.12594 $11,684,463 $1,135,650 $16,583,728$3,763,615
LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 $7,979,884 $0 $12,879,839$4,899,955
LEWIS & CLARK LTC RRG, INC11947 $13,514,557 $3,039,002 $21,840,572$5,287,013
LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP14084 $502,765 $0 $502,765$0
NATIONAL BUILDERS & CONTRACTORS INS12235 $4,474,206 $9,744 $5,131,993$648,043
NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.12539 $2,765,081 $0 $2,882,912$117,831
PHYSICIANS BENEFIT RESOURCES RISK RETENTION GROUP, INC.13810 $604,030 $0 $629,171$25,141
PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 $1,011,056 $0 $1,566,183$555,127
PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 $6,041,789 $524,922 $6,820,711$254,000
PROAIR RISK RETENTION GROUP, INC.13179 $54,812 $0 $634,373$579,561
SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP12988 $7,404,994 $113,579 $8,274,954$756,381
STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.13993 $241,158 $0 $471,888$230,730
URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 $2,571,933 $0 $2,748,870$176,937
SUBTOTAL NEVADA $154,906,429 $5,677,089 $193,048,536$32,465,018
OKLAHOMAVEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP11063 $2,687,606 $0 $2,694,381$6,775
SUBTOTAL OKLAHOMA $2,687,606 $0 $2,694,381$6,775
SOUTH CAROLINAALLIED SERVICES RISK RETENTION GROUP12013 $5,580,568 $0 $5,605,718$25,150
AMERICAN FOREST CASUALTY COMPANY RRG11590 $7,840,155 $0 $8,787,850$947,695
ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 $2,102,316 $0 $2,125,397$23,081
CAREGIVERS UNITED LIAB INS CO RRG11544 $30,826,252 $0 $32,650,637$1,824,385
CENTRAL PA PHYSICIANS RRG INC11694 $57,811,554 $0 $60,625,731$2,814,177
CLARIAN HLTH RRG INC11992 $1,414,988 $0 $8,939,582$7,524,594
COMMUNITIES OF FAITH RRG INC11807 $12,906,694 $0 $13,046,473$139,779
CONTINUING CARE RRG, INC.11798 $2,522,510 $0 $4,595,406$2,072,896
EMERGENCY MEDICINE RRG INC12015 $9,620,245 $0 $13,700,152$4,079,907
FAITH AFFILIATED RRG INC11698 $7,252,155 $0 $7,477,691$225,536
FIRST KEYSTONE RISK RETENTION GROUP, INC.11801 $10,892,082 $926,625 $20,986,348$9,167,641
GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 $4,024,504 $0 $4,090,390$65,886
GRACO RRG INC11581 $561,691 $0 $648,254$86,563
GUTHRIE RRG12014 $47,573,565 $0 $52,830,502$5,256,937
HEALTHCARE PROVIDERS INS CO RRG11683 $63,762,668 $0 $65,559,073$1,796,405
HERITAGE WARRANTY INS RRG INC11097 $1,373,313 $0 $1,373,313$0
JAMESTOWN INS CO RRG11589 $3,500,069 $33,155 $6,773,862$3,240,638
LVHN RRG11684 $36,256,589 $0 $43,804,597$7,548,008
NATIONAL INDEPENDENT TRUCKERS IC RRG11197 $4,686,763 $362,657 $8,368,763$3,319,343
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
COMPANYNAIC Cash and Invested Assets
Net Reinsurance
Risk Retention Groups - Assets By StateOther Assets Total Assets
NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.12529 $3,868,649 $160,447 $6,865,158$2,836,062
NEW STAR RISK RETENTION GROUP, INC.12532 $6,900,728 $0 $8,199,765$1,299,037
NOVUS INS CO RRG10752 $4,991,724 $707,470 $5,956,493$257,299
OCEANUS INS CO A RRG12189 $54,691,312 $2,941,945 $64,772,047$7,138,790
PHOEBE RECIPROCAL RRG12004 $4,527,153 $0 $4,554,388$27,235
PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP12507 $37,291,597 $159,586 $47,776,651$10,325,468
PHYSICIANS SPECIALTY LTD RRG11513 $11,969,358 $554,834 $12,579,718$55,526
RED CLAY RISK RETENTION GROUP, INC.13078 $3,035,761 $0 $4,559,568$1,523,807
REPUBLIC RRG12019 $1,335,248 $0 $1,837,338$502,090
SAINT LUKE'S HLTH SYSTEM RRG11712 $21,862,036 $1,536,784 $23,956,044$557,224
SAMARITAN RISK RETENTION GROUP, INC.12511 $18,463,423 $0 $21,550,327$3,086,904
SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 $43,954,457 $0 $47,159,635$3,205,178
ST CHARLES INS CO RRG11114 $10,183,933 $0 $10,521,831$337,898
SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC13135 $723,083 $0 $729,834$6,751
SUPERIOR INS CO RRG11669 $9,422,356 $395,764 $21,366,338$11,548,218
TITAN INS CO INC RRG11153 $29,495,529 $0 $30,812,685$1,317,156
SUBTOTAL SOUTH CAROLINA $573,225,028 $7,779,267 $675,187,559$94,183,264
TENNESSEEPARATRANSIT INSURANCE COMPANY, RRG44130 $20,856,906 $19,184 $23,250,253$2,374,163
SUBTOTAL TENNESSEE $20,856,906 $19,184 $23,250,253$2,374,163
TEXASAMERICAN CONTRACTORS INS CO RRG12300 $6,843,579 $0 $16,935,708$10,092,129
SUBTOTAL TEXAS $6,843,579 $0 $16,935,708$10,092,129
UTAHLIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY12627 $3,446,364 $263,072 $7,952,446$4,243,010
SUBTOTAL UTAH $3,446,364 $263,072 $7,952,446$4,243,010
VIRGINIAHOW INSURANCE COMPANY, A RISK RETENTION GROUP41246 $121,225,862 $110,957 $123,503,283$2,166,464
SUBTOTAL VIRGINIA $121,225,862 $110,957 $123,503,283$2,166,464
VERMONTACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP
12934 $2,886,961 $68,513 $3,754,448$798,974
ACBG RISK RETENTION GROUP, LLC12557 $1,485,284 $48,427 $1,964,868$431,157
AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP13677 $3,291,474 $537,347 $3,836,082$7,261
ALLIANCE OF NONPROFITS FOR INS RRG10023 $42,670,007 $1,632,629 $51,293,384$6,990,748
AMERICAN EXCESS INS EXCHANGE RRG10903 $396,395,469 $0 $399,329,748$2,934,279
AMERICAN SAFETY RRG INC25448 $10,614,972 $599,504 $15,818,987$4,604,511
AMERIGUARD RRG INC12171 $11,643,103 $0 $12,091,521$448,418
ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 $127,764,578 $5,747,084 $137,142,023$3,630,361
BAR VERMONT RISK RETENTION GROUP INC10174 $19,339,251 $662,543 $21,015,380$1,013,586
BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 $19,562,344 $879,809 $25,150,016$4,707,863
BROADLINE RISK RETENTION GROUP, INC.13788 $57,063,150 $0 $81,185,610$24,122,460
CASSATT RISK RETENTION GROUP INC10808 $5,474,122 $0 $6,480,468$1,006,346
CHC CAS RRG11531 $34,554,285 $0 $34,983,400$429,115
CIMARRON INSURANCE EXCHANGE RRG12308 $4,122,697 $0 $6,221,012$2,098,315
CIRCLE STAR INS CO RRG11839 $1,978,640 $0 $2,272,357$293,717
CLAIM PROFESSIONALS LIAB INS CO RRG12172 $1,566,946 $0 $2,779,363$1,212,417
COLLEGE RISK RETENTION GROUP, INC.13613 $12,012,831 $325,175 $12,460,969$122,963
COLUMBIA NATIONAL RRG INC10803 $1,746,280 $0 $1,780,207$33,927
COMCARE PRO INS RECIPROCAL RRG11864 $3,268,977 $0 $3,826,469$557,492
COMMUNITY HEALTH ALLIANCE RECIP RRG11536 $119,967,943 $0 $121,045,747$1,077,804
COMMUNITY HOSPITAL RRG11259 $184,800,119 $0 $188,607,508$3,807,389
CONSORTIUM RRG11528 $7,314,544 $0 $7,314,544$0
CONSUMER SPECIALTIES INS CO RRG10075 $5,020,349 $299,043 $5,673,875$354,483
CONTROLLED RISK INS CO OF VT RRG10341 $50,449,590 $0 $51,599,216$1,149,626
CPA MUTUAL INS CO OF AMERICA RRG10164 $17,353,082 $831,379 $22,207,026$4,022,565
CRUDEN BAY RRG INC11676 $11,691,410 $0 $11,771,637$80,227
CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 $5,362,500 $0 $6,488,798$1,126,298
EASTERN DENTISTS INS CO RRG10115 $38,987,468 $306,928 $44,351,025$5,056,629
EVERGREEN USA RRG INC38466 $11,110,458 $272,657 $14,890,075$3,506,960
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
COMPANYNAIC Cash and Invested Assets
Net Reinsurance
Risk Retention Groups - Assets By StateOther Assets Total Assets
FIRST MEDICAL INS CO RRG11278 $112,207,260 $0 $113,182,072$974,812
FRANKLIN CASUALTY INS CO RRG10842 $1,764,094 $3,383,871 $30,371,799$25,223,834
FREDERICKSBURG PROFESSIONAL RISK EXC12016 $13,004,140 $0 $19,044,430$6,040,290
GABLES RRG14032 $0 $0 $1,750,000$1,750,000
GEISINGER INS CORP RRG12000 $1,820,041 $555,000 $16,412,811$14,037,770
GENERAL EASTERN SKI INS RRG INC10163 $977,694 $0 $2,704,457$1,726,763
GLOBAL HAWK INSURANCE COMPANY RRG11948 $7,508,458 $0 $9,767,631$2,259,173
GREEN HILLS INS CO RRG11941 $20,164,258 $0 $22,560,214$2,395,956
HAMDEN ASSURANCE RRG, INC.13057 $2,610,369 $0 $79,442,369$76,832,000
HEARTLAND HEALTHCARE RECIP RRG11998 $12,941,788 $0 $13,485,328$543,540
HOUSING AUTHORITY RRG INC26797 $296,638,523 $300,000 $307,105,524$10,167,001
ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 $282,896,259 $2,645,240 $303,678,545$18,137,046
INDIANA HEALTHCARE RECIP RRG11692 $24,610,907 $0 $25,149,799$538,892
LAKE STREET RRG INC11803 $1,973,735 $0 $1,973,735$0
MCIC VERMONT INC RRG10697 $29,529,157 $1,525,398 $37,335,736$6,281,181
MENTAL HEALTH RISK RETENTION GROUP44237 $21,690,070 $214,079 $22,383,380$479,231
MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 $5,441,971 $255,287 $8,824,759$3,127,501
MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 $307,536 $0 $1,675,736$1,368,200
MOUNTAIN LAUREL RRG INC11547 $12,772,814 $0 $15,012,386$2,239,572
NATIONAL CATHOLIC RRG10083 $54,076,902 $4,337,315 $60,794,144$2,379,927
NCMIC RISK RETENTION GROUP, INC.14130 $1,968,418 $0 $1,968,434$16
NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP13059 $7,278,022 $0 $7,291,075$13,053
OASIS RECIPROCAL RISK RETENTION GROUP13644 $3,960,570 $0 $7,304,252$3,343,682
OOIDA RISK RETENTION GROUP INC10353 $40,069,213 $0 $57,403,772$17,334,559
OPHTHALMIC MUTUAL INS CO RRG44105 $219,333,932 $1,701,699 $232,983,213$11,947,582
ORDINARY MUTUAL A RRG CORP10171 $22,854,654 $0 $24,253,006$1,398,352
PACE RRG INC11575 $4,787,577 $6,805,447 $14,843,477$3,250,453
PEACE CHURCH RRG INC11846 $18,325,950 $0 $18,590,172$264,222
PELICAN INS RRG11587 $16,207,716 $0 $16,439,192$231,476
PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP12918 $3,915,314 $0 $4,621,335$706,021
PHYSICIANS PROFESSIONAL LIABILTY RRG11514 $39,510,957 $302,006 $42,574,230$2,761,267
PHYSICIANS REIMBURSEMENT RRG10934 $25,337,806 $0 $25,858,064$520,258
PINE TREE INS RECIPROCAL RRG12348 $14,575,009 $0 $14,797,133$222,124
PINNACLE CONSORTIUM OF HIGHER ED RRG11980 $6,228,997 $0 $6,388,333$159,336
PREMIER INSURANCE EXCHANGE RRG10101 $3,320,725 $0 $8,351,763$5,031,038
PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 $4,882,607 $81,897 $5,013,530$49,026
SCHUYKILL CROSSING RECIPROCAL RRG11808 $24,289,775 $0 $30,950,597$6,660,822
SECURITY AMERICA RRG INC11267 $3,503,296 $0 $4,123,545$620,249
ST LUKES HEALTH NETWORK INS CO RRG11688 $44,307,969 $0 $52,953,914$8,645,945
STATES SELF-INSURERS RRG44075 $20,404,255 $156,082 $20,688,387$128,050
STICO MUT INS CO RRG10476 $17,699,098 $315,014 $19,902,798$1,888,686
TERRA INS CO RRG10113 $25,353,394 $234,864 $27,001,100$1,412,842
THE HEALTHCARE UNDERWRITING CO RRG10152 $17,775,552 $0 $63,150,213$45,374,661
TITLE INDUSTRY ASSURANCE CO RRG10084 $4,336,183 $1,679,586 $6,808,663$792,894
UNITED CENTRAL PA RRG11548 $19,450,780 $0 $20,177,483$726,703
UNITED EDUCATORS INS RRG INC10020 $642,165,574 $862,861 $674,475,222$31,446,787
UNITED HOME INSURANCE CO A RRG10712 $3,104,356 $0 $4,310,043$1,205,687
WARREN RRG INC11802 $6,962,025 $0 $7,200,316$238,291
WELLSPAN RRG11682 $16,289,247 $0 $22,476,069$6,186,822
WESTERN CATHOLIC INSURANCE COMPANY RRG14122 $2,039,185 $0 $3,030,518$991,333
WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP13154 $2,629,369 $0 $2,702,091$72,722
YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)11796 $15,872,834 $168,661 $16,319,243$277,748
SUBTOTAL VERMONT $3,411,175,169 $37,735,345 $3,854,941,801$406,031,287
WEST VIRGINIAMOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.12779 $20,612,962 $0 $22,734,498$2,121,536
SUBTOTAL WEST VIRGINIA $20,612,962 $0 $22,734,498$2,121,536
$6,161,947,776 $331,620,423 $7,413,064,655TOTAL - ALL RRGs $919,496,456
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities by StateState of
Domicile
ALABAMACOASTAL INS RRG INC11668 $741,278 $27,010,629 $22,851,191 ($3,319) ($5,336)$19,366,981 $6,902,370 AL
$19,366,981 $741,278 $27,010,629 $22,851,191 ($3,319) ($5,336)$6,902,370SUBTOTAL ALABAMA x
ARIZONAADVANCED PHYSICIANS INS RRG INC12166 $0 $19,671 $1,370,296$0 $19,671 AZ
ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 $5,498,171 $12,807,717 $11,349,743 ($895) ($964)$6,275,413 $1,034,133 AZ
AMERICAN ASSOC OF OTHODONTISTS RRG10232 $3,560,259 $24,959,314 $9,465,108 ($4,633) ($5,798)$18,927,464 $2,471,591 AZ
APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 $17,295,823 $61,704,864 $22,204,874 ($1,038) ($2,579)$43,422,100 $986,941 AZ
CALIFORNIA MEDICAL GRP INS CO RRG12180 $1,085,015 $6,480,759 $5,401,748$5,433,849 ($38,105) AZ
CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 $1,587,195 $8,611,006 $6,095,636 ($632) ($1,738)$6,515,528 $508,283 AZ
CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG12167 $0 $276,589 $3,244,008 ($27) ($82)$205,750 $70,839 AZ
ELITE TRANSPORTATION RRG INC10125 $205,951 $10,496,616 $2,036,696 ($167) $34$5,545,691 $4,744,974 AZ
FORT WAYNE MEDICAL SURETY COMPANY, RRG12625 $575,341 $2,002,190 $2,066,338$1,124,422 $302,427 AZ
INNOVATIVE PHYSICIAN SOLUTIONS RRG12320 $594,629 $2,602,768 $2,421,527$1,970,024 $38,115 AZ
MEDICAL INSURANCE UNDERWRITERS RISK RETENTION GROUP
12576 AZ
MIDWEST PROVIDER INSURANCE COMPANY, RRG12147 $586,576 $7,883,007 $1,499,158$1,000,660 $6,295,771 AZ
OLYMPIA RISK RETENTION GROUP, INC.13062 $0 $2,011,766 $45,506$2,026,057 ($14,291) AZ
ORANGE COUNTY MEDICAL RECIP INS RRG12183 $0 $2,175,873 $3,066,519 ($455) ($869)$2,020,807 $155,066 AZ
PHP RISK RETENTION GROUP, LIMITED12995 $2,313,610 $18,060,016 $2,599,441$13,920,874 $1,825,532 AZ
RED ROCK RISK RETENTION GROUP, INC.13736 $401,563 $8,083,102 $5,146,358 $571 $0$7,489,276 $192,263 AZ
RESTORATION RISK RETENTION GROUP, INC.12209 $3,377,357 $29,274,048 $15,262,229 ($2,937) ($4,147)$20,656,777 $5,239,914 AZ
WESTERN INS RRG INC11978 $0 $5,500 $532,396$0 $5,500 AZ
$136,534,692 $37,081,490 $197,454,806 $93,807,581 ($10,213) ($16,143)$23,838,624SUBTOTAL ARIZONA x
COLORADONATIONAL HOME INSURANCE CO RRG44016 $19,833,109 $34,141,714 $18,367,976 ($425) $0$5,011,324 $9,297,281 CO
WESTERN PACIFIC MUT INS CO RRG40940 $24,513,531 $48,467,991 $85,241,590$22,913,264 $1,041,196 CO
$27,924,588 $44,346,640 $82,609,705 $103,609,566 ($425) $0$10,338,477SUBTOTAL COLORADO x
DISTRICT OF COLUMBIAAEGIS HEALTHCARE RRG, INC.12252 $0 $2,181,158 $1,148,180 ($97) ($563)$1,785,481 $395,677 DC
ATTORNEYS INS MUTUAL OF ALABAMA INC33677 $1,100,438 $7,417,881 $8,305,944 ($1,881) ($3,230)$4,847,000 $1,470,443 DC
ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 $23,273 $74,581 $1,447,756 $0 $0$22,790 $28,518 DC
CARE RRG, INC.11825 $484,021 $6,981,374 $4,802,320 ($787) ($1,286)$4,323,264 $2,174,089 DC
CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP
12373 $0 $41,772,241 $31,190,278 ($238) ($781)$7,267,920 $34,504,321 DC
CMIC RISK RETENTION GROUP13756 $241,517 $360,490 $3,110,017 $0 $0$13,504 $105,469 DC
DUBOIS MEDICAL RRG11842 $720,416 $3,223,927 $4,143,981 ($45) $26$2,471,730 $31,781 DC
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities by StateState of
Domicile
FAIRWAY PHYSICIANS INS CO RRG11840 $5,213,071 $22,463,094 $5,544,058 $7,038 $4,366$16,043,112 $1,206,911 DC
GLOBAL INTL INS CO INC A RRG10991 $0 $678,237 $18,399,908 $0 $0$0 $678,237 DC
HEALTH CARE CAS RRG INC12236 $732,173 $14,609,653 $1,632,266 ($454) ($801)$5,020,530 $8,856,950 DC
HEALTH NETWORK PROVIDERS MUT INS CO11813 $512,932 $4,736,506 $2,598,592 ($896) ($1,394)$3,161,550 $1,062,024 DC
HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)
11832 $22,197,378 $150,210,813 $8,688,339 $298 $170$107,923,579 $20,089,856 DC
LIFE SERVICES NETWORK RECIP INS RRG11958 $0 $2,661,582 $4,686,308 $33 ($195)$2,052,795 $608,787 DC
MEDPRO RRG RISK RETENTION GROUP13589 $9,477,157 $25,748,448 $2,805,110 ($5) ($1)$11,962,614 $4,308,677 DC
MEDSTAR LIABILITY LTD INS CO INC RRG10124 $99,437 $4,430,538 $1,052,983 ($310) ($716)$4,016,728 $314,373 DC
NATIONAL ASSISTED LIVING RRG, INC.11806 $685,339 $3,867,866 $3,087,614 ($458) ($775)$2,721,077 $461,450 DC
NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)
10234 $1,421,539 $1,709,174 $7,653,658 ($5) ($320)$20,000 $267,635 DC
NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP
13792 $3,067,516 $4,993,489 $5,000,937 ($11) $0$79,701 $1,846,272 DC
NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG
12275 $2,639,585 $10,982,948 $3,195,311 $935 $888$9,264,798 ($921,435) DC
NJ CAR RISK RETENTION GROUP12581 DC
OCEAN RRG INC10158 $2,199,441 $8,980,338 $1,373,474 $1,050 $2,985$6,560,815 $220,082 DC
PCH MUTUAL INSURANCE COMPANY, RRG11973 $1,300,144 $6,027,787 $2,537,858 ($171) ($913)$4,187,247 $540,396 DC
PEDIATRICANS INS RRG OF AMER11772 $0 $304,668 $543,640 ($246) $97$281,403 $23,265 DC
PINELANDS INS CO RRG INC12198 $473,215 $3,120,527 $603,915 $137 $1,121$1,706,225 $941,087 DC
PINNACLE RRG INC11858 $0 $173,337 $2,390,767 ($122) ($395)$79,563 $93,774 DC
PROBUILDERS SPECIALTY INS CO RRG11671 $6,436 $133,090,476 $14,615,624 ($10) $687$129,790,240 $3,293,800 DC
REGIONAL HEALTH INS CO RRG12010 $0 $1,488,247 $199,016 $176 $222$1,398,140 $90,107 DC
SCAFFOLD INDUSTRY INSURANCE COMPANY RISK RETENTION GROUP, INC.
12524 $391,903 $5,334,372 ($190,604) ($84) ($193)$4,196,553 $745,916 DC
SELECT PROVIDERS INSURANCE RECIPROCAL EXCHANGE A RRG
13571 $0 $2,212,393 $488,772 ($547) ($111)$0 $2,212,393 DC
SIGMA RRG, INC.13557 $2,192,113 $6,399,995 $4,592,225 ($820) ($123)$4,061,618 $146,264 DC
SPIRIT MOUNTAIN INS CO RRG INC10754 $550,793 $3,356,714 $2,843,418 ($1,229) ($1,650)$1,803,782 $1,002,139 DC
VIRGINIA SENIOR CARE RISK RETENTION GROUP13786 $829,073 $1,674,975 $1,956,205 ($2) $0$776,106 $69,796 DC
$337,839,865 $56,558,910 $481,267,829 $150,447,870 $1,249 ($2,885)$86,869,054SUBTOTAL DISTRICT OF COLUMBIA x
DELAWAREARCHITECTS & ENGINEERS INS CO RRG44148 $3,231,391 $11,613,374 $9,211,912 ($136) $53$3,426,496 $4,955,487 DE
DELAWARE PROFESSIONAL INSURANCE CO43125 $1,021,128 $6,440,580 $4,166,154 ($1,641) ($3,305)$5,200,000 $219,452 DE
INDEMNITY INSURANCE CORPORATION, RRG12018 $11,218,878 $28,445,592 $14,448,130 ($1,235) $96$14,000,000 $3,226,714 DE
MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP
12554 $478,308 $2,101,190 $1,345,644 ($287) ($117)$1,158,716 $464,166 DE
MARATHON FIN INS CO INC RRG11117 $466,038 $10,259,954 $2,007,175 ($265) ($175)$80,000 $9,713,916 DE
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities by StateState of
Domicile
SUNLAND RISK RETENTION GROUP, INC.14026 $0 $916,285 $1,017,952 $0 $0$230,000 $686,285 DE
UNITED CONTRACTORS INS CO INC RRG12280 $2,248,588 $12,985,026 $10,553,865 $5,535 $11,977$10,716,609 $19,829 DE
$34,811,821 $18,664,331 $72,762,001 $42,750,832 $1,971 $8,529$19,285,849SUBTOTAL DELAWARE x
FLORIDAPONCE DE LEON LTC RRG, INC.11809 $2,320,775 $8,595,122 $8,193,746 $204 $1,573$5,248,997 $1,025,350 FL
$5,248,997 $2,320,775 $8,595,122 $8,193,746 $204 $1,573$1,025,350SUBTOTAL FLORIDA x
GEORGIACHATTAHOOCHEE RRG CAPTIVE INSURANCE COMPANY
11065 $0 $3,323,853 $2,391,719 ($225) ($541)$2,700,919 $622,934 GA
JOLIET AREA RRG CAPTIVE INSURANCE COMPANY12159 $0 $6,871,928 $1,635,012 ($471) ($754)$5,352,755 $1,519,173 GA
$8,053,674 $0 $10,195,781 $4,026,731 ($696) ($1,295)$2,142,107SUBTOTAL GEORGIA x
HAWAIIALLEGIANT INS CO INC A RRG11965 $0 $7,982,961 $2,793,580 $1,543 $1,490$6,712,541 $1,270,420 HI
ATTORNEYS INSURANCE MUTUAL RRG INC22670 $1,637,029 $9,889,564 $8,033,538 $1,662 $1,087$8,110,757 $141,778 HI
CALIFORNIA HEALTHCARE INS CO INC RRG44504 $8,714,715 $71,816,623 $42,939,576 ($6,639) ($15,472)$54,015,064 $9,086,844 HI
CLINIC MUTUAL INSURANCE CO RRG43770 $23,140 $170,219 $4,354,359 ($187) ($336)$76,949 $70,130 HI
COLLEGE LIABILITY INS CO A RECIP RRG44598 $1,163,010 $3,925,155 $8,460,427 ($886) ($535)$2,715,435 $46,710 HI
CONTRACTORS INS CO OF NORTH AMER RRG11603 $739,798 $28,313,543 $16,662,471 $10,900 $5,033$23,479,026 $4,094,719 HI
FIRST AUTOMOTIVE INS RRG INC10619 HI
GERIC INSURANCE RISK RETENTION GROUP, INC.13782 $0 $3,263 $1,008,600 $0 $0$0 $3,263 HI
HEALTH PROVIDERS INS RECIPROCAL RRG10080 $5,733,681 $33,887,458 $43,533,810 ($3,676) ($10,100)$26,907,118 $1,246,659 HI
MEDAMERICA MUTUAL RRG INC26257 $231,588 $36,024,955 $31,117,994 ($6,333) ($7,359)$25,067,685 $10,725,682 HI
NATIONAL GUARDIAN RRG INC36072 $78,097 $10,294,388 $5,529,049 ($1,200) ($2,590)$9,295,309 $920,982 HI
PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP
13582 $0 $2,129,035 $3,755,199 ($1,173) ($616)$2,047,811 $81,224 HI
PROFESSIONAL MEDICAL INS RRG INC10840 $0 $16,261 $325,289 $0 $0$0 $16,261 HI
RESIDENTIAL INS CO INC A RRG10691 $1,022,001 $1,917,055 $715,058 $50 $50$574,992 $320,062 HI
RPX RRG14135 $0 $72,221 $4,053,056 ($36,883) ($64,950)$0 $72,221 HI
SENTINEL ASSUR RRG INC12005 $1,174,804 $5,325,939 $11,153,957 ($1,737) ($3,839)$3,549,664 $601,471 HI
UV INSURANCE RISK RETENTION GROUP, INC.13988 $0 $133,130 $533,880 $0 $0$59,375 $73,755 HI
$162,611,726 $20,517,863 $211,901,770 $184,969,843 ($44,559) ($98,137)$28,772,181SUBTOTAL HAWAII x
IOWAAMERICAN FEED INDUSTRY INS CO RRG44202 $0 $1,715,750 $3,795,844 ($889) ($1,719)$1,622,130 $93,620 IA
$1,622,130 $0 $1,715,750 $3,795,844 ($889) ($1,719)$93,620SUBTOTAL IOWA x
ILLINOISOMS NATL INS CO RRG44121 $44,414,560 $210,734,082 $146,565,480 ($15,312) ($18,993)$152,247,183 $14,072,339 IL
$152,247,183 $44,414,560 $210,734,082 $146,565,480 ($15,312) ($18,993)$14,072,339SUBTOTAL ILLINOIS x
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities by StateState of
Domicile
INDIANAAGRI INSURANCE EXCHANGE RRG28380 $0 $2,115,643 $10,515,099 ($242) ($336)$1,874,185 $241,458 IN
AMERICAN INTER FIDELITY EXCH RRG40088 $610,654 $9,079,594 $14,673,524 ($47) ($770)$7,089,050 $1,379,890 IN
COMMUNITY BLOOD CENTERS EXCH RRG13893 $1,630,215 $11,068,981 $12,687,788 ($2,002) ($3,403)$6,234,062 $3,204,704 IN
$15,197,297 $2,240,869 $22,264,218 $37,876,411 ($2,291) ($4,509)$4,826,052SUBTOTAL INDIANA x
KENTUCKYARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP
13580 $310,891 $660,911 $1,723,423 ($75) ($25)$125,000 $225,020 KY
DOCTORS & SURGEONS NATIONAL RRG13018 $1,953,408 $5,374,863 $2,208,539 $2 $257$2,940,863 $480,592 KY
KENTUCKIANA MEDICAL RECIPROCAL RRG11872 $1,506,871 $24,444,901 $24,929,808 ($5,486) ($8,737)$21,264,210 $1,673,820 KY
KENTUCKY HOSPITAL INS CO RRG11939 $171,499 $9,785,817 $9,966,318 ($1,544) ($1,366)$7,979,755 $1,634,563 KY
$32,309,828 $3,942,669 $40,266,492 $38,828,088 ($7,103) ($9,871)$4,013,995SUBTOTAL KENTUCKY x
MISSOURIPREFERRED PHYSICIANS MEDICAL RRG44083 $5,931,868 $93,423,934 $89,809,493 ($6,147) ($14,360)$69,851,112 $17,640,954 MO
$69,851,112 $5,931,868 $93,423,934 $89,809,493 ($6,147) ($14,360)$17,640,954SUBTOTAL MISSOURI x
MONTANAAMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 $15,381 $431,798 $698,128 ($1) ($50)$116,984 $299,433 MT
AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG
11534 $2,867,290 $10,440,221 $3,913,883 $355 $73$5,701,734 $1,871,197 MT
ARTISAN CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC
14005 $106,968 $177,840 $506,205 $0 $0$44,518 $26,354 MT
ATTORNEYS LIAB PROTECTION SOC RRG32450 $11,503,442 $61,881,330 $30,724,133 ($1,543) ($7,956)$46,502,389 $3,875,499 MT
AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.
13791 $346,055 $1,018,035 $982,114 $71 $0$161,689 $510,291 MT
CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP
13784 $0 $122,357 $757,703 ($6) $0$55,655 $66,702 MT
CROSSFIT RISK RETENTION GROUP, INC.13720 $303,759 $743,403 $689,619 $0 $0$121,918 $317,726 MT
GUARDIAN RRG INC11696 $0 $1,256,102 $4,132,176 ($676) ($756)$1,207,032 $49,070 MT
MD RISK RETENTION GROUP, INC.12355 $0 $7,468,785 $6,356,983 ($2,321) ($312)$6,470,830 $997,955 MT
MOUNTAIN STATES HEALTHCARE RECIP RRG11585 $0 $50,454,077 $42,354,469 ($9,179) ($14,278)$47,126,700 $3,327,377 MT
NATIONAL CONTRACTORS INS CO INC RRG12293 $1,845,337 $9,153,090 $4,043,872$6,571,901 $735,852 MT
OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC.
12845 $703,626 $2,717,203 $851,626 $323 $519$1,816,248 $197,329 MT
PHYSICIANS RISK RETENTION GROUP LLC13046 MT
PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP
14108 $10,699 $68,519 $1,563,582 $0 $0$534 $57,286 MT
PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC
12497 $6,406,513 $37,726,535 $8,699,700 ($322) $494$14,873,940 $16,446,082 MT
PROFESSIONALS RISK RETENTION GROUP, INC.13067 $0 $1,907,942 $1,279,062 ($219) ($211)$393,956 $1,513,986 MT
SELECT MD RRG14136 $0 $1,250 $993,449 $0 $0$0 $1,250 MT
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities by StateState of
Domicile
VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 $0 $1,148,068 $871,143 $0 $0$45,127 $1,102,941 MT
$131,211,155 $24,109,070 $186,716,555 $109,417,847 ($13,518) ($22,477)$31,396,330SUBTOTAL MONTANA x
NEBRASKALENDERS PROTECTION ASSUR CO RRG11500 $0 $103,982 $2,377,446 $0 $0$0 $103,982 NE
$0 $0 $103,982 $2,377,446 $0 $0$103,982SUBTOTAL NEBRASKA x
NEVADAAGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP
13606 $0 $863,881 $650,011 $0 ($300)$849,386 $14,495 NV
ARCOA RISK RETENTION GROUP, INC.13177 $0 $7,840,445 $2,469,338 $1,108 $2,540$7,462,521 $377,924 NV
AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 $11,898,056 $13,707,900 $8,681,421 $0 $0$0 $1,809,844 NV
BEST CARE INSURANCE COMPANY RRG14169 $0 $32 $510,182 $0 $0$0 $32 NV
BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP
13010 $977,138 $1,164,850 $1,049,533 $0 $0$44,307 $143,405 NV
EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)
12003 $1,928,709 $16,578,313 $6,323,665 $6,668 $6,142$13,352,060 $1,297,544 NV
EMERGENCY PHYSICIANS INS CO RRG11714 $5,684,843 $32,477,548 $7,777,862 $1,701 $1,924$24,865,953 $1,926,752 NV
GOLDEN INS CO RRG11145 $1,773,965 $2,384,874 $2,347,408 $69 $728$431,090 $179,819 NV
GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.
13973 $203,257 $495,786 $552,364 $0 $0$0 $292,529 NV
HOME CONSTRUCTION INS CO RRG11950 ($9,435) $4,115,347 $2,089,817 ($297) ($476)$3,106,377 $1,018,405 NV
J.M. WOODWORTH RRG, INC.12594 $3,744,116 $12,329,508 $4,254,219 $2,478 $3,491$7,750,494 $834,898 NV
LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 $4,187,794 $10,105,972 $2,773,867 $186 $76$4,057,242 $1,860,936 NV
LEWIS & CLARK LTC RRG, INC11947 $3,013,041 $18,215,255 $3,625,316 $6,905 $4,945$14,026,020 $1,176,194 NV
LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP
14084 $0 $0 $502,765 $0 $0$0 $0 NV
NATIONAL BUILDERS & CONTRACTORS INS12235 $112,071 $3,383,897 $1,748,096 ($314) $1,332$2,883,995 $387,831 NV
NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.12539 $325,912 $1,962,620 $920,292 ($454) ($605)$2,019,563 ($382,855) NV
PHYSICIANS BENEFIT RESOURCES RISK RETENTION GROUP, INC.
13810 $62,625 $211,956 $417,215 $0 $0$0 $149,331 NV
PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 $153,251 $1,038,567 $527,616 $0 $0$354,711 $530,605 NV
PHYSICIANS COMPLIANCE LIABILITY INSURANCE COMPANY, RRG
12350 NV
PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 $1,308,929 $5,721,201 $1,099,511 ($315) ($593)$3,958,042 $454,230 NV
PREMIER PHYSICIANS INSURANCE COMPANY, RRG12613 $3,863,085 $9,383,302 $3,308,662$3,952,369 $1,567,848 NV
PROAIR RISK RETENTION GROUP, INC.13179 $26,332 $118,181 $516,192 ($49) ($36)$36,958 $54,891 NV
SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP
12988 $1,373,429 $5,055,514 $3,219,440 $96 ($103)$3,875,744 ($193,659) NV
STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.
13993 $8,849 ($43,863) $515,751 $0 $0$0 ($52,712) NV
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities by StateState of
Domicile
URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP
12915 $767,976 $1,446,959 $1,301,911 $3 ($332)$671,467 $7,516 NV
$93,698,299 $41,403,943 $148,558,045 $57,182,454 $17,785 $18,733$13,455,803SUBTOTAL NEVADA x
OKLAHOMAVEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP
11063 $302,166 $483,663 $2,210,718 ($250) $0$0 $181,497 OK
$0 $302,166 $483,663 $2,210,718 ($250) $0$181,497SUBTOTAL OKLAHOMA x
SOUTH CAROLINAALLIED SERVICES RISK RETENTION GROUP12013 $504,726 $3,135,979 $2,469,739 $189 $870$2,444,452 $186,801 SC
AMERICAN FOREST CASUALTY COMPANY RRG11590 $698,315 $5,639,091 $3,148,759 ($410) ($1,907)$4,961,112 ($20,336) SC
ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.
12224 $0 $981,258 $1,144,139 $127 $717$612,887 $368,371 SC
CAREGIVERS UNITED LIAB INS CO RRG11544 $1,601,684 $13,909,548 $18,741,088 ($2,361) ($4,384)$11,617,475 $690,389 SC
CENTRAL PA PHYSICIANS RRG INC11694 $4,823,721 $41,307,280 $19,318,451 $5,749 ($1,256)$31,619,135 $4,864,424 SC
CLARIAN HLTH RRG INC11992 $0 $6,587,099 $2,352,483 $0 $0$0 $6,587,099 SC
COMMUNITIES OF FAITH RRG INC11807 $0 $1,423,749 $11,622,724 ($482) ($297)$1,265,054 $158,695 SC
CONTINUING CARE RRG, INC.11798 $0 $1,230,045 $3,365,361 $88 $0$535,297 $694,748 SC
EMERGENCY MEDICINE RRG INC12015 $1,643,804 $5,268,819 $8,431,333 $18 ($19,909)$2,849,576 $775,439 SC
FAITH AFFILIATED RRG INC11698 $463,475 $2,965,712 $4,511,979 $721 $1,043$2,411,694 $90,543 SC
FIRST KEYSTONE RISK RETENTION GROUP, INC.11801 $4,928,647 $16,731,422 $4,254,926 $1,654 $3,725$10,701,121 $1,101,654 SC
GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.
12512 $0 $2,499,586 $1,590,804 $1,169 $443$2,387,555 $112,031 SC
GRACO RRG INC11581 $0 $123,302 $524,952 $0 $0$0 $123,302 SC
GUTHRIE RRG12014 $4,673,212 $25,954,466 $26,876,036 ($6,770) ($7,573)$20,962,188 $319,066 SC
HEALTHCARE PROVIDERS INS CO RRG11683 $4,590,407 $29,269,612 $36,289,461 ($1,514) ($5,846)$20,460,574 $4,218,631 SC
HERITAGE WARRANTY INS RRG INC11097 $491,149 $679,558 $693,755 ($161) ($67)$71,800 $116,609 SC
JAMESTOWN INS CO RRG11589 $1,075,201 $5,409,873 $1,363,989 ($819) ($1,110)$2,395,841 $1,938,831 SC
LVHN RRG11684 $0 $38,804,597 $5,000,000 $0 $0$0 $38,804,597 SC
NATIONAL INDEPENDENT TRUCKERS IC RRG11197 $763,570 $3,222,224 $5,146,539 ($160) ($498)$1,638,555 $820,099 SC
NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.
12529 $0 $4,047,229 $2,817,929 $0 $0$0 $4,047,229 SC
NEW STAR RISK RETENTION GROUP, INC.12532 $560,217 $4,128,942 $4,070,823 $292 $1,595$1,953,087 $1,615,638 SC
NOVUS INS CO RRG10752 $1,601,447 $3,396,134 $2,560,360 $6,802 $8,445$16,931,485 ($15,136,798) SC
OCEANUS INS CO A RRG12189 $13,143,172 $50,124,740 $14,647,307 ($771) ($1,869)$32,047,569 $4,933,999 SC
PHOEBE RECIPROCAL RRG12004 $0 $1,366,457 $3,187,931 ($118) ($423)$1,330,738 $35,719 SC
PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP
12507 $3,433,297 $35,322,329 $12,454,322 ($822) ($2,787)$17,713,728 $14,175,304 SC
PHYSICIANS SPECIALTY LTD RRG11513 $0 $6,788,822 $5,790,896 ($627) ($696)$3,219,476 $3,569,346 SC
RED CLAY RISK RETENTION GROUP, INC.13078 $0 $2,132,767 $2,426,801 ($167) ($336)$1,704,490 $428,277 SC
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities by StateState of
Domicile
REPUBLIC RRG12019 $0 $46,500 $1,790,838 $0 ($18)$0 $46,500 SC
SAINT LUKE'S HLTH SYSTEM RRG11712 $2,256,265 $9,839,231 $14,116,813 $31 ($1,311)$4,628,989 $2,953,977 SC
SAMARITAN RISK RETENTION GROUP, INC.12511 $4,175,423 $8,847,082 $12,703,245 ($1,770) ($2,045)$2,526,034 $2,145,625 SC
SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 $1,956,000 $39,817,253 $7,342,382 $2,468 $3,823$31,926,180 $5,935,073 SC
ST CHARLES INS CO RRG11114 $12,187 $5,309,608 $5,212,223 ($6,792) ($6,792)$4,792,153 $505,268 SC
SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC
13135 $0 $133,390 $596,444 $0 $0$0 $133,390 SC
SUPERIOR INS CO RRG11669 $2,557,691 $15,822,766 $5,543,572 $208 $1,941$12,079,555 $1,185,520 SC
TITAN INS CO INC RRG11153 $5,321,379 $6,173,808 $24,638,877 $0 $0$0 $852,429 SC
$247,787,800 $61,274,989 $398,440,278 $276,747,281 ($4,228) ($36,522)$89,377,489SUBTOTAL SOUTH CAROLINA x
TOTALSPARATRANSIT INSURANCE COMPANY, RRG44130 $1,548,444 $14,080,013 $9,170,240 ($1,842) ($3,183)$10,200,000 $2,331,569 Total
$10,200,000 $1,548,444 $14,080,013 $9,170,240 ($1,842) ($3,183)$2,331,569SUBTOTAL TOTALS x
TEXASAMERICAN CONTRACTORS INS CO RRG12300 $0 $10,160,435 $6,775,273 $0 $0$0 $10,160,435 TX
$0 $0 $10,160,435 $6,775,273 $0 $0$10,160,435SUBTOTAL TEXAS x
UTAHLIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY
12627 $1,294,666 $6,942,198 $1,010,247 $870 $386$4,570,704 $1,076,828 UT
$4,570,704 $1,294,666 $6,942,198 $1,010,247 $870 $386$1,076,828SUBTOTAL UTAH x
VIRGINIAHOW INSURANCE COMPANY, A RISK RETENTION GROUP
41246 $0 $14,018,313 $109,484,969 $23,459 $44,592$2,317,000 $11,701,313 VA
$2,317,000 $0 $14,018,313 $109,484,969 $23,459 $44,592$11,701,313SUBTOTAL VIRGINIA x
VERMONTACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP
12934 $573,176 $2,275,498 $1,478,947 $213 $0$366,004 $1,336,318 VT
ACBG RISK RETENTION GROUP, LLC12557 $0 $401,160 $1,563,708 ($8) ($202)$13,400 $387,760 VT
AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP
13677 $0 $875,209 $2,960,873 $1 $0$490,557 $384,652 VT
ALLIANCE OF NONPROFITS FOR INS RRG10023 $6,388,181 $25,340,509 $25,952,875 ($301) ($1,745)$17,894,461 $1,057,867 VT
AMERICAN EXCESS INS EXCHANGE RRG10903 $11,222,251 $187,421,065 $211,908,683 ($16,983) ($47,752)$158,782,995 $17,415,819 VT
AMERICAN SAFETY RRG INC25448 $457,635 $7,226,888 $8,592,099 ($2,424) ($444)$3,715,419 $3,053,834 VT
AMERIGUARD RRG INC12171 $5,357 $5,107,519 $6,984,002 ($1,896) ($3,115)$3,280,172 $1,821,990 VT
ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 $103,244 $80,466,319 $56,675,704 ($1,017) ($1,464)$50,141,680 $30,221,395 VT
BAR VERMONT RISK RETENTION GROUP INC10174 $1,649,842 $8,139,104 $12,876,276 ($845) ($1,459)$4,486,757 $2,002,505 VT
BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 $0 $20,786,838 $4,363,178 ($1,096) ($815)$14,264,702 $6,522,136 VT
BROADLINE RISK RETENTION GROUP, INC.13788 $8,822,903 $59,972,696 $21,212,914 ($3,839) $0$50,750,000 $399,793 VT
CASSATT RISK RETENTION GROUP INC10808 $50,000 $2,788,723 $3,691,745 ($1) ($436)$448,956 $2,289,767 VT
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities by StateState of
Domicile
CHC CAS RRG11531 $0 $24,522,525 $10,460,875 ($2,096) ($1,709)$23,645,666 $876,859 VT
CIMARRON INSURANCE EXCHANGE RRG12308 $0 $4,407,822 $1,813,191 $387 $526$3,105,879 $1,301,943 VT
CIRCLE STAR INS CO RRG11839 $0 $770,161 $1,502,196 $0 $0$234,639 $535,522 VT
CLAIM PROFESSIONALS LIAB INS CO RRG12172 $168,046 $1,345,133 $1,434,230 ($86) ($73)$757,942 $419,145 VT
COLLEGE RISK RETENTION GROUP, INC.13613 $3,137,031 $8,528,510 $3,932,459 ($518) ($335)$5,246,095 $145,384 VT
COLUMBIA NATIONAL RRG INC10803 $428,292 $666,496 $1,113,711 $0 $0$0 $238,204 VT
COMCARE PRO INS RECIPROCAL RRG11864 $569,094 $1,372,239 $2,454,230 $306 ($99)$611,473 $191,672 VT
COMMUNITY HEALTH ALLIANCE RECIP RRG11536 $0 $106,218,897 $14,826,850 ($332) $8,655$58,916,430 $47,302,467 VT
COMMUNITY HOSPITAL RRG11259 $0 $121,340,532 $67,266,976 ($8,363) ($12,245)$110,689,537 $10,650,995 VT
CONSORTIUM RRG11528 $0 $17,842 $7,296,702 ($1,139) ($1,968)$0 $17,842 VT
CONSUMER SPECIALTIES INS CO RRG10075 $306,436 $2,268,657 $3,405,218 ($428) ($692)$1,820,396 $141,825 VT
CONTROLLED RISK INS CO OF VT RRG10341 $0 $21,725,109 $29,874,107 ($1,103) ($2,414)$18,955,857 $2,769,252 VT
CPA MUTUAL INS CO OF AMERICA RRG10164 $1,257,808 $11,539,144 $10,667,882 ($1,204) ($2,213)$8,559,980 $1,721,356 VT
CRUDEN BAY RRG INC11676 $0 $8,466,655 $3,304,982 ($3,044) ($1,637)$7,858,655 $608,000 VT
CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 $533,573 $3,967,662 $2,521,136 $734 $0$1,766,804 $1,667,285 VT
EASTERN DENTISTS INS CO RRG10115 $5,671,048 $28,309,911 $16,041,114 ($3,877) ($6,457)$20,252,000 $2,386,863 VT
EVERGREEN USA RRG INC38466 $1,647,048 $8,689,845 $6,200,230 ($1,089) $637$6,380,045 $662,752 VT
FIRST MEDICAL INS CO RRG11278 $6,071,142 $47,559,874 $65,622,198 ($7,563) ($14,742)$40,538,325 $950,407 VT
FRANKLIN CASUALTY INS CO RRG10842 $1,650,456 $28,200,790 $2,171,009 $323 ($208)$6,164,845 $20,385,489 VT
FREDERICKSBURG PROFESSIONAL RISK EXC12016 $0 $8,545,193 $10,499,237 ($641) ($1,632)$8,048,592 $496,601 VT
GABLES RRG14032 $0 $0 $1,750,000 ($640) ($459)$0 $0 VT
GEISINGER INS CORP RRG12000 $487,100 $5,183,396 $11,229,415 $0 $0$500,000 $4,196,296 VT
GENERAL EASTERN SKI INS RRG INC10163 $0 $1,497,997 $1,206,460 ($158) ($116)$378,077 $1,119,920 VT
GLOBAL HAWK INSURANCE COMPANY RRG11948 $3,111,469 $5,419,303 $4,348,329 $268 $33$2,076,437 $231,397 VT
GREEN HILLS INS CO RRG11941 $2,196,979 $10,962,874 $11,597,340 ($1,438) ($3,354)$7,523,946 $1,241,949 VT
HAMDEN ASSURANCE RRG, INC.13057 $0 $77,937,188 $1,505,181 $0 $0$0 $77,937,188 VT
HEARTLAND HEALTHCARE RECIP RRG11998 $0 $5,361,418 $8,123,910 ($730) ($1,438)$5,120,702 $240,716 VT
HOUSING AUTHORITY RRG INC26797 $12,741,437 $127,799,480 $179,306,045 ($31,903) ($51,087)$99,864,770 $15,193,273 VT
ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP
11268 $13,681,817 $91,434,757 $212,243,788 ($9,333) ($28,577)$58,372,578 $19,380,362 VT
INDIANA HEALTHCARE RECIP RRG11692 $0 $12,782,818 $12,366,981 ($2,446) ($2,708)$12,374,129 $408,689 VT
LAKE STREET RRG INC11803 $0 $509,941 $1,463,794 ($77) ($828)$446,562 $63,379 VT
MCIC VERMONT INC RRG10697 $0 $26,273,594 $11,062,142 $4 $3$17,077,001 $9,196,593 VT
MENTAL HEALTH RISK RETENTION GROUP44237 $1,556,447 $11,991,093 $10,392,288 ($5,057) ($6,286)$9,790,325 $644,321 VT
MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP
11999 $629,553 $7,113,996 $1,710,764 ($11) ($1,476)$3,939,181 $2,545,262 VT
MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 $166,667 $574,430 $1,101,306 $0 $0$300,000 $107,763 VT
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities by StateState of
Domicile
MOUNTAIN LAUREL RRG INC11547 $2,491,466 $12,386,842 $2,625,544 ($166) ($1,015)$8,908,000 $987,376 VT
NATIONAL CATHOLIC RRG10083 $5,262,794 $44,940,410 $15,853,734 $2,946 $2,835$38,239,361 $1,438,255 VT
NCMIC RISK RETENTION GROUP, INC.14130 $0 $42,961 $1,925,473 $0 $0$0 $42,961 VT
NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP
13059 $307,016 $5,693,995 $1,597,080 ($536) $122$3,514,553 $1,872,426 VT
OASIS RECIPROCAL RISK RETENTION GROUP13644 $1,380,919 $5,532,328 $1,771,924 ($531) ($224)$2,469,528 $1,681,881 VT
OOIDA RISK RETENTION GROUP INC10353 $4,128,426 $36,762,444 $20,641,328 ($1,290) ($8,045)$14,879,549 $17,754,469 VT
OPHTHALMIC MUTUAL INS CO RRG44105 $22,265,352 $92,605,365 $140,377,848 ($3,797) ($8,036)$50,863,000 $19,477,013 VT
ORDINARY MUTUAL A RRG CORP10171 $0 $15,869,593 $8,383,413 $1,061 ($1,473)$13,771,827 $2,097,766 VT
PACE RRG INC11575 $88,599 $12,604,301 $2,239,176 ($4) $1,943$8,602,138 $3,913,564 VT
PEACE CHURCH RRG INC11846 $0 $6,846,201 $11,743,969 ($1,712) ($3,206)$6,372,627 $473,574 VT
PELICAN INS RRG11587 $463,787 $4,317,122 $12,122,070 ($1,072) ($2,310)$2,645,130 $1,208,205 VT
PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP
12918 $599,435 $3,215,400 $1,405,935 ($636) ($601)$2,479,715 $136,250 VT
PHYSICIANS PROFESSIONAL LIABILTY RRG11514 $6,910,433 $24,847,867 $17,726,363 ($3,595) ($8,163)$15,594,421 $2,343,013 VT
PHYSICIANS REIMBURSEMENT RRG10934 $0 $15,667,404 $10,190,660 ($1,901) ($5,310)$15,360,382 $307,022 VT
PINE TREE INS RECIPROCAL RRG12348 $0 $7,813,709 $6,983,423 ($1,656) ($512)$5,624,289 $2,189,420 VT
PINNACLE CONSORTIUM OF HIGHER ED RRG11980 $487,072 $2,550,410 $3,837,923 ($24) $93$1,911,065 $152,273 VT
PREMIER INSURANCE EXCHANGE RRG10101 $0 $472,078 $7,879,685 ($178) ($692)$357,100 $114,978 VT
PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP
12608 $16,161 $245,709 $2,193,457$115,275 $114,273 VT
PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 $0 $1,084,104 $3,929,426 ($437) ($236)$793,853 $290,251 VT
SCHUYKILL CROSSING RECIPROCAL RRG11808 $5,064,299 $24,757,611 $6,192,986 ($2,209) ($1,441)$16,459,794 $3,233,518 VT
SECURITY AMERICA RRG INC11267 $681,201 $1,600,621 $2,522,924 $247 $277$1,048,319 ($128,899) VT
ST LUKES HEALTH NETWORK INS CO RRG11688 $7,000,613 $42,805,040 $10,148,874 $2,748 ($1,119)$35,537,384 $267,043 VT
STATES SELF-INSURERS RRG44075 $765,028 $12,180,508 $8,507,877 $300 $217$9,892,335 $1,523,145 VT
STICO MUT INS CO RRG10476 $5,080,711 $9,331,516 $10,571,282 ($1,128) ($948)$3,971,846 $278,959 VT
TERRA INS CO RRG10113 $0 $11,409,284 $15,591,816 ($220) $358$2,673,689 $8,735,595 VT
THE HEALTHCARE UNDERWRITING CO RRG10152 $3,380,196 $34,334,852 $28,815,361 $1,985 $964$29,254,560 $1,700,096 VT
TITLE INDUSTRY ASSURANCE CO RRG10084 $330,874 $4,559,898 $2,248,765 ($310) $52$3,564,609 $664,415 VT
UNITED CENTRAL PA RRG11548 $0 $6,001,918 $14,175,565 $553 ($529)$5,846,399 $155,519 VT
UNITED EDUCATORS INS RRG INC10020 $56,308,591 $434,563,320 $239,911,902 ($6,003) ($23,170)$329,760,657 $48,494,072 VT
UNITED HOME INSURANCE CO A RRG10712 $2,496,712 $2,618,061 $1,691,982 $0 $0$0 $121,349 VT
WARREN RRG INC11802 $206,475 $3,629,861 $3,570,455 ($1,772) ($2,371)$3,324,385 $99,001 VT
WELLSPAN RRG11682 $0 $14,348,941 $8,127,128 ($2,808) ($3,164)$14,291,396 $57,545 VT
WESTERN CATHOLIC INSURANCE COMPANY RRG14122 $1,108,132 $1,920,509 $1,110,008 $0 $0$127,804 $684,573 VT
WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP
13154 $103,810 $297,305 $2,404,786 $0 $0$140,870 $52,625 VT
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC UnearnedPremiumReserves
TotalLiabilities
Policyholders'Surplus
1-YearLoss and LAEDevelopment
(000's omitted)
2-YearLoss and LAEDevelopment
(000's omitted)
Losses and LAE Reserves
OtherLiabilities
Risk Retention Groups - Liabilities by StateState of
Domicile
YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)
11796 $0 $12,078,677 $4,240,566 ($1,086) ($2,030)$6,200,451 $5,878,226 VT
$1,500,548,282 $212,212,134 $2,134,042,975 $1,723,337,988 ($132,681) ($258,065)$421,282,559SUBTOTAL VERMONT x
WEST VIRGINIAMOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.
12779 $0 $11,813,378 $10,921,120 ($2,505) ($3,719)$11,073,239 $740,139 WV
$11,073,239 $0 $11,813,378 $10,921,120 ($2,505) ($3,719)$740,139SUBTOTAL WEST VIRGINIA x
$3,005,026,373 $578,906,665 $4,385,561,954 $3,236,168,259 ($200,440) ($423,401)TOTAL - ALL RRGs $801,628,916
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios by State
ALABAMA
COASTAL INS RRG INC11668 2.42 0.85 1.18 0.39
2.42 0.85 1.18 0.39SUBTOTAL ALABAMA ARIZONA
ALLIED PROFESSIONALS INSURANCE COMPANY, RRG11710 3.55 0.55 1.13 0.80
AMERICAN ASSOC OF OTHODONTISTS RRG10232 1.74 2.00 2.64 0.87
APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.11598 1.43 1.96 2.78 1.31
CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.11976 1.80 1.07 1.41 0.62
CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG12167 16.42 0.06 0.09 0.28
ELITE TRANSPORTATION RRG INC10125 1.87 2.72 5.15 2.74
ORANGE COUNTY MEDICAL RECIP INS RRG12183 2.08 0.66 0.71 0.38
RED ROCK RISK RETENTION GROUP, INC.13736 1.66 1.46 1.57 0.52
RESTORATION RISK RETENTION GROUP, INC.12209 1.95 1.35 1.92 0.81
1.80 1.43 2.03 0.94SUBTOTAL ARIZONA COLORADO
NATIONAL HOME INSURANCE CO RRG44016 9.71 0.27 1.86 1.31
9.71 0.27 1.86 1.31SUBTOTAL COLORADO DISTRICT OF COLUMBIA
AEGIS HEALTHCARE RRG, INC.12252 0.96 1.56 1.90 0.54
ATTORNEYS INS MUTUAL OF ALABAMA INC33677 2.98 0.58 0.89 0.41
ATTPRO RRG RECIPROCAL RISK RETENTION GROUP13795 63.17 0.02 0.05 0.02
CARE RRG, INC.11825 2.24 0.90 1.45 0.23
CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP12373 5.59 0.23 1.34 0.61
CMIC RISK RETENTION GROUP13756 237.46 0.00 0.12 0.16
DUBOIS MEDICAL RRG11842 2.97 0.60 0.78 0.25
FAIRWAY PHYSICIANS INS CO RRG11840 1.08 2.89 4.05 2.20
GLOBAL INTL INS CO INC A RRG10991 0.00 0.00 0.04 0.03
HEALTH CARE CAS RRG INC12236 2.90 3.08 8.95 4.07
HEALTH NETWORK PROVIDERS MUT INS CO11813 2.12 1.22 1.82 0.71
HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)
11832 0.18 12.42 17.29 0.43
INTERMODAL INSURANCE COMPANY, RRG11824 0.05 1.41 2.07 1.12
LIFE SERVICES NETWORK RECIP INS RRG11958 3.50 0.44 0.57 0.32
MEDPRO RRG RISK RETENTION GROUP13589 0.29 4.26 9.18 3.25
MEDSTAR LIABILITY LTD INS CO INC RRG10124 0.90 3.81 4.21 1.73
NATIONAL ASSISTED LIVING RRG, INC.11806 2.42 0.88 1.25 0.57
NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)10234 459.98 0.00 0.22 0.11
NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP13792 106.58 0.02 1.00 0.38
NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG12275 0.98 2.90 3.44 1.79
OCEAN RRG INC10158 0.76 4.78 6.54 3.28
PCH MUTUAL INSURANCE COMPANY, RRG11973 1.77 1.65 2.38 0.91
PEDIATRICANS INS RRG OF AMER11772 2.58 0.52 0.56 0.23
PINELANDS INS CO RRG INC12198 0.21 2.83 5.17 4.97
PINNACLE RRG INC11858 32.19 0.03 0.07 0.02
PROBUILDERS SPECIALTY INS CO RRG11671 0.12 8.88 9.11 0.03
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios by State
REGIONAL HEALTH INS CO RRG12010 0.45 7.03 7.48 0.00
SCAFFOLD INDUSTRY INSURANCE COMPANY RISK RETENTION GROUP, INC.12524 0.11 -22.02 -27.99 -3.74
SELECT PROVIDERS INSURANCE RECIPROCAL EXCHANGE A RRG13571 0.00 0.00 4.53 11.19
SIGMA RRG, INC.13557 2.08 0.88 1.39 0.55
SPIRIT MOUNTAIN INS CO RRG INC10754 3.21 0.63 1.18 0.98
VIRGINIA SENIOR CARE RISK RETENTION GROUP13786 3.64 0.40 0.86 0.46
0.74 2.23 3.18 0.65SUBTOTAL DISTRICT OF COLUMBIA DELAWARE
ARCHITECTS & ENGINEERS INS CO RRG44148 3.03 0.37 1.26 0.80
DELAWARE PROFESSIONAL INSURANCE CO43125 1.99 1.25 1.55 0.34
INDEMNITY INSURANCE CORPORATION, RRG12018 0.42 0.97 1.97 1.40
MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP12554 1.69 0.86 1.56 1.18
MARATHON FIN INS CO INC RRG11117 41.99 0.04 5.11 6.82
SUNLAND RISK RETENTION GROUP, INC.14026 2.45 0.23 0.90 3.77
UNITED CONTRACTORS INS CO INC RRG12280 1.76 1.02 1.23 0.45
1.48 0.81 1.70 1.23SUBTOTAL DELAWARE FLORIDA
PONCE DE LEON LTC RRG, INC.11809 2.74 0.64 1.05 0.60
2.74 0.64 1.05 0.60SUBTOTAL FLORIDA GEORGIA
CHATTAHOOCHEE RRG CAPTIVE INSURANCE COMPANY11065 2.08 1.13 1.39 0.49
JOLIET AREA RRG CAPTIVE INSURANCE COMPANY12159 1.55 3.27 4.20 0.90
1.73 2.00 2.53 0.66SUBTOTAL GEORGIA HAWAII
ALLEGIANT INS CO INC A RRG11965 1.27 2.40 2.86 1.76
ATTORNEYS INSURANCE MUTUAL RRG INC22670 2.14 1.01 1.23 0.58
CALIFORNIA HEALTHCARE INS CO INC RRG44504 1.78 1.26 1.67 0.70
CLINIC MUTUAL INSURANCE CO RRG43770 56.68 0.02 0.04 0.00
COLLEGE LIABILITY INS CO A RECIP RRG44598 3.80 0.32 0.46 0.25
CONTRACTORS INS CO OF NORTH AMER RRG11603 1.57 1.41 1.70 0.33
GERIC INSURANCE RISK RETENTION GROUP, INC.13782 0.00 0.00 0.00 0.00
HEALTH PROVIDERS INS RECIPROCAL RRG10080 2.64 0.62 0.78 0.39
MEDAMERICA MUTUAL RRG INC26257 2.60 0.81 1.16 0.77
NATIONAL GUARDIAN RRG INC36072 1.28 1.68 1.86 2.20
PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP13582 2.87 0.55 0.57 0.97
PROFESSIONAL MEDICAL INS RRG INC10840 0.00 0.00 0.05 2.56
RESIDENTIAL INS CO INC A RRG10691 4.21 0.80 2.68 0.91
RPX RRG14135 0.00 0.00 0.02 0.00
SENTINEL ASSUR RRG INC12005 4.60 0.32 0.48 0.32
UV INSURANCE RISK RETENTION GROUP, INC.13988 2.79 0.11 0.25 0.50
2.16 0.88 1.15 0.59SUBTOTAL HAWAII IOWA
AMERICAN FEED INDUSTRY INS CO RRG44202 3.32 0.43 0.45 0.00
3.32 0.43 0.45 0.00SUBTOTAL IOWA
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios by State
ILLINOIS
OMS NATL INS CO RRG44121 2.02 1.04 1.44 0.42
2.02 1.04 1.44 0.42SUBTOTAL ILLINOIS INDIANA
AGRI INSURANCE EXCHANGE RRG28380 6.72 0.18 0.20 0.08
AMERICAN INTER FIDELITY EXCH RRG40088 3.13 0.48 0.62 0.33
COMMUNITY BLOOD CENTERS EXCH RRG13893 3.64 0.49 0.87 0.38
3.78 0.40 0.59 0.28SUBTOTAL INDIANA KENTUCKY
ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP13580 9.15 0.07 0.38 0.43
DOCTORS & SURGEONS NATIONAL RRG13018 1.92 1.33 2.43 1.88
KENTUCKIANA MEDICAL RECIPROCAL RRG11872 2.17 0.85 0.98 0.28
KENTUCKY HOSPITAL INS CO RRG11939 2.36 0.80 0.98 0.45
2.22 0.83 1.04 0.42SUBTOTAL KENTUCKY MISSOURI
PREFERRED PHYSICIANS MEDICAL RRG44083 2.55 0.78 1.04 0.46
2.55 0.78 1.04 0.46SUBTOTAL MISSOURI MONTANA
AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.12631 0.90 0.17 0.62 0.06
AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG11534 2.34 1.46 2.67 0.62
ARTISAN CONTRACTORS INSURANCE COMPANY RISK RETENTION GROUP, LLC14005 13.95 0.09 0.35 0.22
ATTORNEYS LIAB PROTECTION SOC RRG32450 1.78 1.51 2.01 1.21
AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.13791 10.48 0.16 1.04 1.18
CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP13784 14.67 0.07 0.16 0.49
CROSSFIT RISK RETENTION GROUP, INC.13720 8.57 0.18 1.08 0.83
GUARDIAN RRG INC11696 3.95 0.29 0.30 0.26
MD RISK RETENTION GROUP, INC.12355 2.06 1.02 1.17 0.74
MOUNTAIN STATES HEALTHCARE RECIP RRG11585 1.94 1.11 1.19 0.66
OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC.12845 1.38 2.13 3.19 2.23
PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP14108 2,054.57 0.00 0.04 0.00
PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC12497 1.66 1.71 4.34 1.58
PROFESSIONALS RISK RETENTION GROUP, INC.13067 6.95 0.31 1.49 2.77
SELECT MD RRG14136 0.00 0.00 0.00 0.00
VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.13974 43.93 0.05 1.32 2.36
1.96 1.18 1.69 0.92SUBTOTAL MONTANA NEBRASKA
LENDERS PROTECTION ASSUR CO RRG11500 0.00 0.00 0.04 0.37
0.00 0.00 0.04 0.37SUBTOTAL NEBRASKA NEVADA
AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP13606 1.19 1.31 1.33 0.69
ARCOA RISK RETENTION GROUP, INC.13177 1.24 3.02 3.18 2.30
AUTOMOTIVE UNDERWRITERS INS CO A RRG11033 0.00 0.00 1.58 0.30
BEST CARE INSURANCE COMPANY RRG14169 0.00 0.00 0.00 0.00
BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP13010 40.69 0.04 1.11 0.82
EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)12003 1.28 2.11 2.62 1.92
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios by State
EMERGENCY PHYSICIANS INS CO RRG11714 1.44 3.20 4.18 1.80
GOLDEN INS CO RRG11145 8.33 0.18 1.02 0.63
GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.13973 0.00 0.00 0.90 0.22
HOME CONSTRUCTION INS CO RRG11950 1.88 1.49 1.97 0.18
J.M. WOODWORTH RRG, INC.12594 1.51 1.82 2.90 1.64
LANCET INDEMNITY RISK RETENTION GROUP, INC.13014 1.97 1.46 3.64 2.67
LEWIS & CLARK LTC RRG, INC11947 0.96 3.87 5.02 2.78
LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP14084 0.00 0.00 0.00 0.00
NATIONAL BUILDERS & CONTRACTORS INS12235 1.55 1.65 1.94 0.41
NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.12539 1.37 2.19 2.13 1.21
PHYSICIANS BENEFIT RESOURCES RISK RETENTION GROUP, INC.13810 0.00 0.00 0.51 0.50
PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.13995 2.85 0.67 1.97 3.03
PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.12746 1.53 3.60 5.20 0.00
PROAIR RISK RETENTION GROUP, INC.13179 1.48 0.07 0.23 0.45
SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP12988 1.91 1.20 1.57 1.67
STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.13993 0.00 0.00 -0.09 0.09
URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP12915 3.83 0.52 1.11 0.91
1.73 1.67 2.58 1.35SUBTOTAL NEVADA OKLAHOMA
VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP11063 0.00 0.00 0.22 0.05
0.00 0.00 0.22 0.05SUBTOTAL OKLAHOMA SOUTH CAROLINA
ALLIED SERVICES RISK RETENTION GROUP12013 2.28 0.99 1.27 0.39
AMERICAN FOREST CASUALTY COMPANY RRG11590 1.58 1.58 1.79 0.73
ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.12224 3.43 0.54 0.86 0.13
CAREGIVERS UNITED LIAB INS CO RRG11544 2.65 0.62 0.74 0.36
CENTRAL PA PHYSICIANS RRG INC11694 1.83 1.64 2.14 0.69
CLARIAN HLTH RRG INC11992 0.00 0.00 2.80 7.73
COMMUNITIES OF FAITH RRG INC11807 10.20 0.11 0.12 0.13
CONTINUING CARE RRG, INC.11798 4.71 0.16 0.37 1.16
EMERGENCY MEDICINE RRG INC12015 3.38 0.34 0.62 0.35
FAITH AFFILIATED RRG INC11698 3.01 0.53 0.66 0.20
FIRST KEYSTONE RISK RETENTION GROUP, INC.11801 1.02 2.51 3.93 2.53
GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.12512 1.69 1.50 1.57 0.50
GRACO RRG INC11581 0.00 0.00 0.23 2.84
GUTHRIE RRG12014 2.27 0.78 0.97 0.34
HEALTHCARE PROVIDERS INS CO RRG11683 3.12 0.56 0.81 0.24
HERITAGE WARRANTY INS RRG INC11097 19.13 0.10 0.98 0.49
JAMESTOWN INS CO RRG11589 1.46 1.76 3.97 2.71
LVHN RRG11684 0.00 0.00 7.76 0.00
NATIONAL INDEPENDENT TRUCKERS IC RRG11197 2.86 0.32 0.63 0.65
NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.12529 0.00 0.00 1.44 1.34
NEW STAR RISK RETENTION GROUP, INC.12532 3.53 0.48 1.01 0.55
NOVUS INS CO RRG10752 0.29 6.61 1.33 2.86
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios by State
OCEANUS INS CO A RRG12189 1.71 2.19 3.42 2.08
PHOEBE RECIPROCAL RRG12004 3.40 0.42 0.43 0.14
PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP12507 2.11 1.42 2.84 0.87
PHYSICIANS SPECIALTY LTD RRG11513 3.72 0.56 1.17 2.69
RED CLAY RISK RETENTION GROUP, INC.13078 1.78 0.70 0.88 0.68
REPUBLIC RRG12019 0.00 0.00 0.03 0.00
SAINT LUKE'S HLTH SYSTEM RRG11712 4.72 0.33 0.70 0.47
SAMARITAN RISK RETENTION GROUP, INC.12511 7.31 0.20 0.70 0.49
SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.12907 1.38 4.35 5.42 2.05
ST CHARLES INS CO RRG11114 2.13 0.92 1.02 0.15
SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC13135 0.00 0.00 0.22 3.04
SUPERIOR INS CO RRG11669 0.78 2.18 2.85 1.46
TITAN INS CO INC RRG11153 0.00 0.00 0.25 0.19
2.31 0.90 1.44 0.74SUBTOTAL SOUTH CAROLINA TENNESSEE
PARATRANSIT INSURANCE COMPANY, RRG44130 2.04 1.11 1.54 0.48
2.04 1.11 1.54 0.48SUBTOTAL TENNESSEE TEXAS
AMERICAN CONTRACTORS INS CO RRG12300 0.00 0.00 1.50 3.58
0.00 0.00 1.50 3.58SUBTOTAL TEXAS UTAH
LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY12627 0.75 4.52 6.87 4.33
0.75 4.52 6.87 4.33SUBTOTAL UTAH VIRGINIA
HOW INSURANCE COMPANY, A RISK RETENTION GROUP41246 52.32 0.02 0.13 0.00
52.32 0.02 0.13 0.00SUBTOTAL VIRGINIA VERMONT
ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP
12934 7.89 0.25 1.54 1.84
ACBG RISK RETENTION GROUP, LLC12557 110.84 0.01 0.26 1.03
AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP13677 6.71 0.17 0.30 0.56
ALLIANCE OF NONPROFITS FOR INS RRG10023 2.38 0.69 0.98 0.70
AMERICAN EXCESS INS EXCHANGE RRG10903 2.50 0.75 0.88 0.14
AMERICAN SAFETY RRG INC25448 2.86 0.43 0.84 1.54
AMERIGUARD RRG INC12171 3.55 0.47 0.73 0.23
ATTORNEYS LIAB ASSUR SOCIETY INC RRG10639 2.55 0.88 1.42 5.62
BAR VERMONT RISK RETENTION GROUP INC10174 4.31 0.35 0.63 0.84
BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.12933 1.37 3.27 4.76 2.94
BROADLINE RISK RETENTION GROUP, INC.13788 1.12 2.39 2.83 0.97
CASSATT RISK RETENTION GROUP INC10808 12.19 0.12 0.76 6.22
CHC CAS RRG11531 1.46 2.26 2.34 0.88
CIMARRON INSURANCE EXCHANGE RRG12308 1.33 1.71 2.43 0.99
CIRCLE STAR INS CO RRG11839 8.43 0.16 0.51 3.46
CLAIM PROFESSIONALS LIAB INS CO RRG12172 2.07 0.53 0.94 1.50
COLLEGE RISK RETENTION GROUP, INC.13613 2.29 1.33 2.17 1.53
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios by State
COLUMBIA NATIONAL RRG INC10803 0.00 0.00 0.60 0.25
COMCARE PRO INS RECIPROCAL RRG11864 5.35 0.25 0.56 0.64
COMMUNITY HEALTH ALLIANCE RECIP RRG11536 2.04 3.97 7.16 1.32
COMMUNITY HOSPITAL RRG11259 1.67 1.65 1.80 0.46
CONSORTIUM RRG11528 0.00 0.00 0.00 0.00
CONSUMER SPECIALTIES INS CO RRG10075 2.76 0.53 0.67 0.37
CONTROLLED RISK INS CO OF VT RRG10341 2.66 0.63 0.73 3.94
CPA MUTUAL INS CO OF AMERICA RRG10164 2.03 0.80 1.08 0.75
CRUDEN BAY RRG INC11676 1.49 2.38 2.56 0.94
CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP13655 3.04 0.70 1.57 2.24
EASTERN DENTISTS INS CO RRG10115 1.93 1.26 1.76 0.63
EVERGREEN USA RRG INC38466 1.74 1.03 1.40 0.84
FIRST MEDICAL INS CO RRG11278 2.77 0.62 0.72 0.18
FRANKLIN CASUALTY INS CO RRG10842 0.29 2.84 12.99 19.42
FREDERICKSBURG PROFESSIONAL RISK EXC12016 1.62 0.77 0.81 0.19
GABLES RRG14032 0.00 0.00 0.00 0.00
GEISINGER INS CORP RRG12000 3.64 0.04 0.46 0.81
GENERAL EASTERN SKI INS RRG INC10163 2.59 0.31 1.24 0.00
GLOBAL HAWK INSURANCE COMPANY RRG11948 3.62 0.48 1.25 0.92
GREEN HILLS INS CO RRG11941 2.68 0.65 0.95 0.41
HAMDEN ASSURANCE RRG, INC.13057 0.00 0.00 51.78 0.00
HEARTLAND HEALTHCARE RECIP RRG11998 2.53 0.63 0.66 0.41
HOUSING AUTHORITY RRG INC26797 2.97 0.56 0.71 0.17
ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP11268 4.85 0.28 0.43 0.41
INDIANA HEALTHCARE RECIP RRG11692 1.99 1.00 1.03 0.45
LAKE STREET RRG INC11803 4.42 0.31 0.35 0.20
MCIC VERMONT INC RRG10697 1.73 1.54 2.38 16.26
MENTAL HEALTH RISK RETENTION GROUP44237 2.22 0.94 1.15 0.91
MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP11999 1.38 2.30 4.16 1.33
MOUNTAIN LAKE RISK RETENTION GROUP, INC.13812 1.03 0.27 0.52 0.07
MOUNTAIN LAUREL RRG INC11547 1.43 3.39 4.72 21.97
NATIONAL CATHOLIC RRG10083 1.41 2.41 2.83 1.26
NCMIC RISK RETENTION GROUP, INC.14130 0.00 0.00 0.02 0.00
NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP13059 2.07 2.20 3.57 2.11
OASIS RECIPROCAL RISK RETENTION GROUP13644 1.60 1.39 3.12 0.42
OOIDA RISK RETENTION GROUP INC10353 2.69 0.72 1.78 0.98
OPHTHALMIC MUTUAL INS CO RRG44105 4.31 0.36 0.66 0.30
ORDINARY MUTUAL A RRG CORP10171 1.66 1.64 1.89 1.05
PACE RRG INC11575 0.56 3.84 5.63 4.15
PEACE CHURCH RRG INC11846 2.88 0.54 0.58 0.29
PELICAN INS RRG11587 6.13 0.22 0.36 0.26
PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP12918 1.58 1.76 2.29 0.69
PHYSICIANS PROFESSIONAL LIABILTY RRG11514 2.53 0.88 1.40 0.37
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
Company NameNAIC Cash and Invested Assets /
Loss and LAEReserves
Loss and LAEReserves /
Policyholders Surplus
Liabilities /Policyholders
Surplus
Net Premium Written /
Policyholders Surplus
Risk Retention Groups - Ratios by State
PHYSICIANS REIMBURSEMENT RRG10934 1.65 1.51 1.54 0.30
PINE TREE INS RECIPROCAL RRG12348 2.59 0.81 1.12 0.40
PINNACLE CONSORTIUM OF HIGHER ED RRG11980 3.26 0.50 0.66 1.35
PREMIER INSURANCE EXCHANGE RRG10101 9.30 0.05 0.06 0.00
PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG11350 6.15 0.20 0.28 0.32
SCHUYKILL CROSSING RECIPROCAL RRG11808 1.48 2.66 4.00 1.28
SECURITY AMERICA RRG INC11267 3.34 0.42 0.63 0.77
ST LUKES HEALTH NETWORK INS CO RRG11688 1.25 3.50 4.22 0.87
STATES SELF-INSURERS RRG44075 2.06 1.16 1.43 1.16
STICO MUT INS CO RRG10476 4.46 0.38 0.88 0.29
TERRA INS CO RRG10113 9.48 0.17 0.73 0.61
THE HEALTHCARE UNDERWRITING CO RRG10152 0.61 1.02 1.19 0.31
TITLE INDUSTRY ASSURANCE CO RRG10084 1.22 1.59 2.03 3.31
UNITED CENTRAL PA RRG11548 3.33 0.41 0.42 0.27
UNITED EDUCATORS INS RRG INC10020 1.95 1.37 1.81 0.52
UNITED HOME INSURANCE CO A RRG10712 0.00 0.00 1.55 0.63
WARREN RRG INC11802 2.09 0.93 1.02 0.33
WELLSPAN RRG11682 1.14 1.76 1.77 0.77
WESTERN CATHOLIC INSURANCE COMPANY RRG14122 15.96 0.12 1.73 0.39
WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP13154 18.67 0.06 0.12 0.16
YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)11796 2.56 1.46 2.85 1.47
2.27 0.87 1.24 0.85SUBTOTAL VERMONT WEST VIRGINIA
MOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.12779 1.86 1.01 1.08 0.63
1.86 1.01 1.08 0.63SUBTOTAL WEST VIRGINIA 2.09Total - All Risk Retention Groups 0.94 1.37 0.76
The most current FSRs must be verified by visiting www.demotech.com. Year-End 2011 - RRG Analysis
®
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Direct Premium WrittenBy Line of Business
2010 - 2011
Risk Retention Groups
Alabama 58 6,031 7,060 933,605 0 13,580,324 7,890,242 4,231,619 6,712 0 26,655,593Alaska 34 3 410 5 285 120 028 0 336 306 3 878 977 1 125 797 38 245 0 5 508 048
RRGsWriting inState
OtherCommercialAuto Liab Warranty Total
Other LiabClaims Made
Other LiabOccurrenceFidelity
MedicalProf Liab Product LiabState
Boiler &Machinery
CommercialAuto LiabNo Fault
Risk Retention Groups Direct Premium Written ‐ 12/31/2010By Line of Business
Alaska 34 3,410 5,285 120,028 0 336,306 3,878,977 1,125,797 38,245 0 5,508,048Arizona 70 2,436 93,698 15,391,489 39,500 28,411,481 9,223,863 3,825,966 0 0 56,988,433Arkansas 51 14,086 0 6,803,873 0 2,144,818 6,885,035 1,800,564 81,500 0 17,729,876California 84 71,144 1,144,289 13,831,311 1,509,314 108,971,791 61,525,436 38,992,798 126,933 25,140 226,198,156Colorado 63 3,249 1,601 720,963 170,422 11,429,975 9,522,232 6,956,504 26,880 1,680 28,833,506Connecticut 55 3,698 32,090 607,538 11,000 54,130,779 8,964,268 7,071,588 0 0 70,820,961Delaware 51 2,242 10,227 370,936 0 3,998,529 10,289,730 12,559,113 0 30 27,230,807District of Columbia 39 601 0 755,082 5,500 2,570,830 36,008,563 4,755,797 0 0 44,096,373Florida 74 2,456 23,070 2,218,745 7,582 65,326,089 22,486,081 10,064,363 106,550 20,790 100,255,726Georgia 66 16,765 734 1,785,675 0 12,996,000 15,029,479 3,143,659 21,662 6,240 33,000,214Georgia 66 16,765 734 1,785,675 0 12,996,000 15,029,479 3,143,659 21,662 6,240 33,000,214Hawaii 31 1,928 0 210,268 0 1,492,210 1,737,417 1,758,716 0 0 5,200,539Idaho 48 1,925 1,833 155,445 0 3,208,288 3,550,354 468,418 0 0 7,386,263Illinois 83 34,754 4,995 1,478,634 290,580 33,283,048 34,987,201 10,839,044 24,796 7,200 80,950,252Indiana 64 27,827 0 661,582 0 30,528,173 9,241,663 3,588,863 48,441 10,920 44,107,469Iowa 54 8,270 0 179,594 62,500 3,559,214 2,663,854 1,942,624 0 0 8,416,056Kansas 43 3,841 0 139,070 259,250 3,844,368 5,306,362 1,348,164 74,813 0 10,975,868Kentucky 58 3,983 1,193 786,147 0 15,883,198 7,541,953 2,032,609 106,908 0 26,355,991Louisiana 58 8,381 0 2,968,052 0 3,192,009 5,801,695 3,284,181 22,473 0 15,276,791Maine 42 6,025 65,828 121,549 0 4,890,062 2,988,324 1,161,959 0 0 9,233,747, , , , , , , , , , ,Maryland 65 17,085 36,669 2,287,562 1,022,100 57,558,449 18,511,799 5,758,000 2,500 7,260 85,201,424Massachusetts 56 19,850 7,355 310,197 1,191,380 121,946,911 38,233,783 10,289,361 6,211 0 172,005,048Michigan 61 12,052 2,052 1,265,168 0 13,587,163 11,696,430 2,702,913 22,150 0 29,287,928Minnesota 43 31,190 182 181,991 114,400 3,872,245 6,927,229 2,788,312 7,597 5,790 13,928,936Mississippi 44 16,242 0 655,735 0 19,427,713 1,956,514 1,987,044 0 0 24,043,248Missouri 60 16,473 10,674 919,678 167,500 15,491,912 13,878,429 5,056,989 63,369 0 35,605,024Montana 44 283 0 1,671,265 0 12,400,671 4,005,400 309,953 526 0 18,388,098Nebraska 41 2,410 0 464,497 29,000 2,857,686 1,751,124 4,688,062 0 0 9,792,779Nevada 64 13,036 514 649,747 0 14,474,149 4,579,236 4,620,654 8,131 8,670 24,354,137New Hampshire 42 6,930 55,201 117,713 0 1,714,924 1,753,581 2,392,653 0 0 6,041,002New Jersey 79 23,077 110,237 15,229,466 517,775 29,313,967 15,060,666 9,815,465 0 0 70,070,653New Mexico 53 1,294 451 512,842 0 8,360,461 3,508,477 2,178,227 64,362 0 14,626,114New York 82 11,209 18,113 1,181,904 1,901,851 243,645,659 85,297,269 34,289,721 130,772 0 366,476,498North Carolina 68 36,814 10,557 1,004,870 0 16,645,896 8,171,216 3,282,708 19,491 3,210 29,174,762North Dakota 25 562 0 11,619 0 116,100 1,174,479 141,449 69,981 0 1,514,190Ohio 74 16,498 1,839 2,168,828 0 18,567,904 16,511,119 4,643,987 131,164 0 42,041,339Oklahoma 54 8,078 0 851,499 0 12,532,408 2,215,145 2,358,887 19,057 0 17,985,074Oregon 58 10,745 7,467 2,008,734 0 5,679,981 4,919,628 5,778,840 27,196 0 18,432,591P l i 101 48 496 81 311 16 207 974 1 881 299 279 774 160 30 427 936 28 614 331 138 414 0 357 173 921Pennsylvania 101 48,496 81,311 16,207,974 1,881,299 279,774,160 30,427,936 28,614,331 138,414 0 357,173,921Rhode Island 39 3,108 4,106 103,879 0 2,084,566 1,763,866 2,434,484 0 0 6,394,009South Carolina 59 5,004 13,153 783,599 3,250 3,658,759 5,808,695 5,132,182 2,500 8,190 15,415,332South Dakota 30 419 0 36,979 0 117,685 1,640,138 179,894 0 0 1,975,115Tennessee 65 22,830 2,180 773,342 0 6,707,525 7,296,890 1,874,838 23,262 0 16,700,867Texas 81 26,570 9,999 10,430,922 524,340 27,845,255 33,021,411 17,615,217 121,676 34,590 89,629,980Utah 50 9,074 0 2,857,996 0 2,784,728 4,668,326 1,779,112 11,188 0 12,110,424Vermont 45 457 16,356 286,275 0 685,188 2,822,409 2,568,376 285,618 0 6,664,679Virginia 72 19,461 9,099 3,103,737 28,080 16,233,260 15,990,452 8,865,364 7,306 7,200 44,263,959Washington 64 19 277 8 668 4 568 628 23 734 17 769 774 12 903 444 5 447 082 103 076 0 40 843 683Washington 64 19,277 8,668 4,568,628 23,734 17,769,774 12,903,444 5,447,082 103,076 0 40,843,683West Virginia 52 7,249 0 226,401 0 16,517,215 6,585,276 626,876 6,498 0 23,969,515Wisconsin 37 24,287 4,400 288,578 81,025 2,182,996 7,248,168 1,119,578 38,581 0 10,987,613Wyoming 38 2,760 0 43,516 0 3,964,148 2,429,414 997,905 0 0 7,437,743American Samoa 0 0 0 0 0 0 0 0 0 0 0Guam 2 0 0 0 0 0 179,112 242,361 0 0 421,473Puerto Rico 2 0 0 0 0 0 133,806 0 0 0 133,806U.S. Virgin Islands 2 0 0 0 0 0 791,673 126,532 0 0 918,205Northern Mariana Islands 1 0 0 0 0 0 49,874 0 0 0 49,874Canada 1 0 0 0 0 0 130 076 0 0 0 130 076Canada 1 0 0 0 0 0 130,076 0 0 0 130,076Aggregate Other Alien 5 0 0 0 0 0 22,217,465 52,882 0 0 22,270,347Total ‐ 245 RRGs 655,872 1,802,486 121,444,727 9,841,382 1,382,296,950 661,782,684 301,712,585 1,996,539 146,910 2,481,680,135
Data source: The National Association of Insurance Commissioners, Kansas City, Missouri, by permission. Information derived from a SNL Data product.The NAIC and SNL do not endorse any analysis or conclusion based upon the use of its data.
Alabama 55 8,602 6,496 819,468 0 11,913,030 11,481,958 4,758,328 39,170 0 29,027,052
Alaska 33 4,690 4,952 44,966 0 386,026 3,794,543 677,657 38,700 0 4,951,534
Arizona 70 2,776 29,432 2,691,370 73,625 24,453,629 9,654,458 2,745,184 47,838 0 39,698,312
Arkansas 49 12,252 0 6,444,739 0 1,759,864 7,347,086 2,416,491 153,750 0 18,134,182
California 79 76,087 297,436 9,040,765 1,475,425 112,298,728 60,596,382 31,800,357 323,809 1,710 215,910,699
Colorado 67 6,418 1,131 773,728 167,750 11,285,593 9,995,062 8,335,506 90,915 2,010 30,658,113
Connecticut 57 4,463 33,848 590,283 102,150 46,427,108 9,272,642 7,049,077 59,935 0 63,539,506
Delaware 51 4,077 10,895 386,911 0 3,728,610 3,147,315 16,364,523 0 0 23,642,331
District of Columbia 39 610 0 618,904 5,225 2,261,149 39,504,733 4,689,584 0 0 47,080,205
Florida 74 3,163 23,432 1,209,936 2,550 66,600,972 22,430,804 10,760,426 279,421 17,550 101,328,254
Georgia 67 19,838 1,071 2,095,012 0 10,735,565 16,792,377 3,561,578 53,928 5,340 33,264,709
Hawaii 31 2,124 0 197,173 0 1,609,072 1,895,204 2,431,631 0 0 6,135,204
Idaho 46 1,668 1,770 145,116 0 3,172,777 3,609,991 368,317 0 0 7,299,639
Illinois 74 43,180 7,165 1,417,548 307,446 31,356,170 34,730,893 12,505,522 88,632 6,510 80,463,066
Indiana 56 41,426 0 815,074 0 31,940,271 9,181,299 3,256,645 47,996 10,590 45,293,301
Iowa 47 8,872 0 345,884 60,000 3,227,031 4,032,535 1,568,401 0 0 9,242,723
Kansas 48 4,907 0 298,253 297,000 3,747,929 5,719,061 1,831,928 69,817 0 11,968,895
Kentucky 58 6,093 2,059 783,061 0 17,128,614 7,863,728 1,824,443 128,932 0 27,736,930
Louisiana 52 9,002 66,500 2,698,821 0 3,454,580 6,082,098 2,784,502 19,564 0 15,115,067
Maine 39 3,938 67,559 106,828 0 3,764,552 2,980,315 1,217,359 0 0 8,140,551
Maryland 67 19,346 35,790 2,302,602 1,038,050 53,396,464 17,515,468 5,852,397 2,500 5,580 80,168,197
Massachusetts 54 18,580 7,457 195,030 1,217,083 126,357,346 39,111,890 10,224,573 4,530 0 177,136,489
Michigan 58 13,677 1,412 1,220,941 0 18,822,975 12,386,318 3,071,018 43,343 0 35,559,684
Minnesota 45 32,766 110 897,461 6,504 4,153,540 5,565,398 2,797,941 9,387 5,700 13,468,807
Mississippi 42 14,220 0 652,209 0 19,050,547 1,969,350 1,560,524 0 0 23,246,850
Missouri 53 18,548 10,714 1,487,434 160,000 17,570,266 14,317,397 5,251,122 76,727 0 38,892,208
Montana 42 541 0 1,739,189 0 13,070,747 3,915,489 395,223 12,516 0 19,133,705
Nebraska 40 2,282 0 522,732 28,820 2,708,057 1,853,129 5,914,278 0 0 11,029,298
Nevada 60 6,782 521 826,822 0 7,455,242 4,599,043 3,718,122 14,386 4,530 16,625,448
New Hampshire 43 8,257 56,284 106,425 0 2,329,645 1,763,629 2,400,472 8,080 0 6,672,792
New Jersey 76 27,328 125,270 12,181,144 570,245 28,987,257 16,090,243 9,609,497 0 0 67,590,984
New Mexico 50 1,527 614 205,834 0 9,062,777 3,439,729 1,878,821 94,984 0 14,684,286
New York 78 20,076 18,220 1,674,447 1,881,892 211,672,505 84,707,828 33,766,764 132,354 0 333,874,086
North Carolina 64 40,762 8,016 1,065,074 0 14,308,800 8,374,813 3,616,628 22,539 2,520 27,439,152
North Dakota 26 757 0 54,595 0 132,412 1,243,832 242,182 131,238 0 1,805,016
Ohio 71 16,617 1,518 1,983,548 0 20,082,864 15,407,208 4,280,912 172,952 0 41,945,619
Oklahoma 54 17,468 0 870,029 0 11,051,705 2,191,900 2,414,787 115,081 0 16,660,970
Oregon 55 8,903 8,822 1,966,799 0 8,448,913 5,692,826 5,670,454 3,154 0 21,799,871
Pennsylvania 98 58,066 85,396 14,509,379 1,887,836 290,269,154 31,507,349 29,024,278 27,259 0 367,368,717
Rhode Island 37 2,424 4,707 133,929 0 2,128,199 1,871,758 2,280,129 0 0 6,421,146
South Carolina 56 5,011 15,503 713,178 4,586 3,706,807 5,982,287 ‐120,381 11,419 7,740 10,326,150
South Dakota 29 707 0 75,798 0 184,435 1,677,692 350,583 0 0 2,289,215
Tennessee 62 30,160 2,491 243,970 0 7,118,048 8,130,430 2,038,286 67,349 0 17,630,734
Texas 84 35,050 209,288 8,542,368 461,730 24,353,273 35,398,630 17,849,561 217,263 35,160 87,102,323
Utah 45 15,663 0 7,473,777 0 3,029,063 5,063,649 1,943,572 9,832 0 17,535,556
Vermont 43 618 15,760 261,417 0 875,536 2,865,704 2,666,386 243,891 0 6,929,312
Virginia 70 22,893 9,022 3,562,168 28,080 13,843,941 15,315,672 8,783,935 0 4,980 41,570,691
Washington 63 21,600 9,008 4,393,469 4,247 19,055,125 12,223,042 6,239,859 117,421 0 42,063,771
West Virginia 50 7,656 0 260,240 0 16,397,249 7,002,664 770,304 27,096 0 24,465,209
Wisconsin 39 21,330 7,005 258,443 66,585 2,672,352 7,543,382 1,097,454 49,821 0 11,716,372
Wyoming 35 3,419 0 72,998 0 5,182,925 2,349,764 764,384 0 0 8,373,490
American Samoa 0 0 0 0 0 0 0 0 0 0 0
Guam 2 0 0 0 0 0 176,155 242,361 0 0 418,516
Puerto Rico 3 0 0 0 0 5,329 137,880 0 0 0 143,209
U.S. Virgin Islands 3 0 0 0 0 5,128 779,240 126,317 0 0 910,685
Northern Mariana Islands 1 0 0 0 0 0 50,854 0 0 0 50,854
Canada 1 0 0 0 0 0 262,562 0 0 0 262,562
Aggregate Other Alien 2 0 0 0 0 0 22,252,262 0 0 0 22,252,262
Total ‐ 254 RRGs 757,220 1,186,674 101,977,289 9,846,829 1,348,739,896 670,848,950 297,670,202 3,057,529 109,920 2,434,194,509
State
Boiler &
Machinery
Commercial
Auto Liab
No Fault
Risk Retention Groups Direct Premium Written ‐ 12/31/2011By Line of Business
RRGs
Writing in
State
Other
Commercial
Auto Liab Warranty Total
Other Liab
Claims Made
Other Liab
OccurrenceFidelity
Medical
Prof Liab Product Liab
Data source: The National Association of Insurance Commissioners, Kansas City, Missouri, by permission. Information derived from a SNL Data product.
The NAIC and SNL do not endorse any analysis or conclusion based upon the use of its data.
®
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®
Financial Stability Ratings® (FSRs) are a leading indicator of the financial stability of Property and Casualty (P&C) insurers and Title underwriters. An FSR
summarizes our opinion as to the insurer’s ability to insulate itself from the business cycle that exists in the general economy as well as the underwriting cycle
that exists in the insurance industry. Thus, an FSR summarizes our opinion as to the relative ability of an insurer to survive a downturn in general economic
conditions as well as a downturn in the underwriting cycle.
FSRs are not an endorsement of any particular insurer or its products. Insureds and agents need to independently evaluate their relationship with a particular
insurer as well as the applicability of that insurer’s products to the needs of the insured or agent. FSRs present our opinion of the ability of the insurer to meet
its insurance related obligations based upon our assessment of financial information.
Our focus is unique. While we acknowledge and recognize the importance of profitability, we believe that balance sheet strength and financial integrity are
the ultimate determinants of the long term financial stability required to honor meritorious claims. Accordingly, while operating profit remains an important
element in the assignment of FSRs, the ability of an insurer to remain financially stable under a variety of economic stress tests requires a focus on balance
sheet integrity. Quality and quantity of reinsurance, relative adequacy of loss and loss adjustment expense reserves, the liquidity and quality of assets and rate
adequacy are some of the more critical items we evaluate.
Our rating process provides an objective baseline for assessing solvency based upon changes in financial stability, as manifested in an insurer’s balance sheet.
FSRs are based upon a series of quantitative ratios and considerations that comprise our Financial Stability Analysis Model.
The Financial Stability Analysis Model is the major component of the FSR assignment process and can be applied to statutory insurance accounting data or data
compiled under Generally Accepted Accounting Principles (GAAP). The Financial Stability Analysis Model includes a tactile review as well as computation and
analysis of critical financial ratios to determine the current and anticipated financial stability of the insurance company being reviewed. The Financial Stability
Analysis Model cross checks and analyzes financial statement calculations and relationships.
A critical item to determine the financial stability of a P&C insurer is the calculation of financial stability ratios measured against our financial stability benchmarks.
These ratios and benchmarks have been compiled on an industry-wide basis and have been substantiated by third parties.
Since our incorporation in 1985, Demotech has proactively responded to the challenges faced by the insurance industry. In 1989, Demotech gained acceptance
from the Federal National Mortgage Association (Fannie Mae) for FSRs of A or better. In 1990, we received similar accreditation from Federal Home Loan
Mortgage Corporation (Freddie Mac). In 1993, the United States Department of Housing and Urban Development (HUD) published its acceptance of FSRs of A
or better. The acceptance of FSRs of A or better leveled the playing field for regional P&C insurance companies while simultaneously assisting insurance agents,
reinsurers and insurance carriers through the elimination of reinsurance endorsements and cut-through endorsements.
Similarly, in 1996 we began reviewing newly formed P&C insurance companies incorporated in the State of Florida to facilitate their efforts to depopulate the
Florida residual market mechanism. In 2005, FSRs of A or better were deemed acceptable for qualification under HUD’s Section 232 and 223 (f) Programs,
thereby assisting financially stable risk retention groups writing nursing facility general and professional liability insurance.
We encourage you to contact us with any current needs or problems you are experiencing. We are confident we can provide a solution for your organization.
Financial stability is independent of size.
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Solutions as Unique as Your OrganizationDemotech is committed to serving its clients while maintaining the highest standards. Innovative thinking, strategic analysis, commitment, insight and on-going involvement with the insurance industry allow us to provide solutions as unique as your organization.
We encourage you to contact us with any current needs or problems you are experiencing. We are confident we can provide a solution.
Contact Douglas Powell at [email protected] to discuss any needs or problems your organization is experiencing.
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Demotech, Inc.2715 Tuller Parkway
Dublin, OH 43017-2310www.demotech.com