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Financial Snapshot
3 March 2010
In its fourth year of operation, Medicus Insurance Company (Medicus) continues to surpass expectations and is one of the fastest growing medical professional liability insurance carriers. Medicus has earned the trust of physicians in the states in which it writes business and continues to be watched closely by industry leaders.
Medicus is a stock insurance company owned by investors, physicians and employees and fully admitted in all of the states in which it writes business. Medicus provides its insureds with a non-assessable insurance policy. Policyholders will never be required to contribute capital to the company.
Medicus is funded with the support of first-rate capital partners: The Cypress Group, CHL Medical Partners and Copper Beech Capital, LLC. Recently, Medicus raised an additional $5 million in capital. Medicus’ current statutory capital stands in excess of $26 million.
With a strong balance sheet and the ability to raise additional capital to support responsible growth, Medicus enjoys a solid financial position. Medicus wrote $19 million in premium in 2007, more than $33 million in 2008, and more than $50 million in 2009.
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