NORCAL Group 2015 Annual Report

A MESSAGE FROM THE CFO
Financial Strength and Stability
For more than 40 years NORCAL Mutual has upheld its mission of
providing a financially strong MPLI option for physicians, hospitals,
facilities and other healthcare professionals. We continue to maintain
a strong balance sheet with historically positive operating results,
even with the continued headwinds from changes in the healthcare
industry and market fluctuations. This is reflected in NORCAL earning
an A.M. Best “A” (Excellent) rating for 32 consecutive years and
securing our position as the ninth largest MPLI carrier in the nation,
based on direct written premium in 2015.
NORCAL Group has a strong financial profile with a healthy
policyholders’ surplus of $670 million. Sound underwriting and
claims practices, as well as the development of our Excess &
Surplus (E&S) lines, contributed to our success in 2015. We will
continue to maintain our focus on operational efficiency to help
lower expenses and ensure that NORCAL remains in a strong
position to navigate these historically soft market conditions
to serve our policyholders for many years to come.
Mark D. Johnson
Senior Vice President &
Chief Financial Officer
2015 ANNUAL REPORT 12