Physicians Insurance Rated A- Excellent by AM Best

Effective October 23, 2024

As a mutual company, Physicians Insurance is rooted in shared ownership among our Members, the delivery of financial stability alongside expertise, and a deep commitment to Member needs. Rather than perform like a profit-driven carrier, we price our services as reasonably as we can while devoting more premium dollars to the defense of our Members than our peers do.1 This rating highlights our ongoing commitment to provide enduring stability for Members. It's meaningful to us to have this rating affirmed by AM Best,2 and we're pleased to share this news.

For the latest Best's Credit Rating, access AMbest.com.

AM Best A- EXCELLENT bug

Learn more about our financial foundation

2023 Annual Report

Members reply upon our financial stewardship of their premium dollars to give them unwavering protection and stability in the face of the risks they face in the delivery of care today.

View Annual Report

2023 Financial Summary

View and download a snapshot of our financial strength, the underpinning of our success in serving our Members.

View Financial Summary

2023 Audited Financial Statements

Get the full picture and view our full audited financial statements (years ended December 31, 2023 and 2022), with Report of Independent Auditors.

View Audited Financial Statements

Unwavering Protection for the Unexpected: About PI

View our brochure to learn more about what makes Physicians Insurance stand out from our peers in protecting, defending, and supporting the healthcare community. 

View brochure

1 Milliman’s MPL Financial Insights: A Summary of Statutory Financial Results for MPL Specialty Companies. December 31, 2023. 
2 AM Best is a credit rating service that assesses the creditworthiness of and/or reports on over 16,000 insurance companies worldwide. Their ratings are on a scale from A++ (superior) to D (poor), with even lower ratings for companies under regulatory supervision or in liquidation.