The selected insurance companies write the medical professional liability line of business. The data is sourced from the National Association of Insurance Commissioners (NAIC) statutory statements as provided by S&P Capital IQ Pro and AM. Best. Following are summaries of key findings and relevant notes from the report.
This report provides a comprehensive overview of the MPL market, including trends in premiums, profitability and policyholder surplus. It also highlights significant events that have occurred in the market in recent months.
Key findings from 2023H1 statutory results
- The overall MPL market is experiencing slow growth and shrinking share.
- The MPL Industry combined ratio (w/o Div) increased by 3ppts year-over-year to 103.7% in 2023Q2 YTD.
- After-tax net income increased 17.3% year-over-year to $368.7 million in 2023Q2 YTD.
- MPL insurance providers Curi Holdings Inc. and Constellation Inc. have completed their merger in October 2023.
