As of December 31, 2021, Allied’s policyholder surplus was just over $9,000,000.00. For the year ended December 31, 2021, Allied reported Gross Written Premium of $12,700,000, and Net Written Premium of just under $8,400,000.00. This represents a net writings to policyholder surplus ratio of .93 to 1, twenty five percent better than the Company’s long term target range of 1.2 to 1, and more than 300% better than the statutorily mandated level of 3.0 to 1. With total assets of just over $22,000,000.00, the Company’s leverage ratio is similarly favorable, at approximately 1.4 to 1. The Company’s Risk Based Capital analysis (RBC) indicates a capital adequacy ratio in excess of 400% of the Company’s control capital level, well above statutory levels and solidly within peer group outcomes for specialty professional liability companies. Since 2003, Allieds’ surplus has grown nearly ten-fold, while total program writings are up by approximately 220%.

AM Best “A- (Excellent)” Rating – Based on AM Best’s determination that the Company has “an excellent ability to meet their ongoing obligations to policyholders”, AM Best has assigned the rating of “A- (Excellent)” to APIC. APIC’s Financial Size Category is IV. The objective of Best’s credit Rating System is to give an opinion of an insurer’s financial strength and ability to meet ongoing obligations of policyholders. Best has made its determination after an evaluation of the Company’s balance sheet strength, operating performance, and business profile, as compared to Best’s quantitative and qualitative standards.

AM Best “A” Rated Reinsurance – The Company maintains a well diversified, highly conservative reinsurance structure, with Lloyds of London acting as its lead re-insurer, Lloyd’s maintains an “A” Rating with AM Best. In addition, each of Allied’s lead reinsurance syndicates, Beazley, Catlin and Amlin, are also independently “A” rated by AM Best. To provide for diversification, the Company has placed approximately 10% of the reinsurance outside of the London markets with SCOR Re, one of the world’s largest re-insurers. SCOR RE is based in Paris and is also “A” rated by AM Best. The Company places its reinsurance through Willis Re, one of the nation’s leading reinsurance brokers. Utilizing a combination of Excess of Loss and Quota Share treaties, the Company’s maximum per risk exposure at July 1, 2021 was just under $270,000.00, or about 30% of the maximum risk permitted by the NAIC, based on the Company’s policyholder surplus.