About

Financial Strength

Financial Strength and Readiness to Be There for Our Customers

We are proud to have received top ratings from A.M. Best – the preeminent rating agency for insurance companies – affirming our financial strength and readiness to be there for our customers. Coverys has a large surplus position, consistent income generation, and a stable investment philosophy. Our success and longevity enable us to continue offering leading industry benefits to policyholders.

Coverys brings proven experience and financial security to our clients. We have an A.M. Best “A” (Excellent) Financial Rating* and 45+ years protecting the healthcare community.

A.M. Best Rating: A (“Excellent”)

A.M. Best’s ratings provide an unbiased view of an insurance company’s operations and standing in the industry. They have assigned a financial strength rating of A (“Excellent”) to several Coverys companies in recognition of our strong risk-adjusted capitalization, profitable operating performance, and effective enterprise risk management.

A.M. Best has assigned an A ("Excellent") rating to Coverys for these Coverys underwriting companies:

Coverys Risk Retention Group, Inc.
Coverys Specialty Insurance Company
Medical Professional Mutual Insurance Company
Preferred Professional Insurance Company®
ProSelect® Insurance Company

Financial Strength

Total Assets: $3.99 Billion
Direct Written Premium: $735 Million
Policyholder Surplus: $1.4 Billion

*Medical Professional Mutual Insurance Company and its subsidiaries as of 12/31/2022.