Physicians Insurance
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Financial Stewardship and Performance
Through the years, Physicians Insurance has been vigilant about maintaining careful financial monitoring, conservative investment strategies, and stable rates for physicians and clinics. For the past 4 years, the company has also maintained its A- (Excellent) rating from A.M. Best.*

As a reflection of our policyholders’ commitment to patient care, combined with our unwavering commitment to members, base rates for 2014 will remain unchanged from prior years.
In fact:
  • In Washington, there has been no base rate increase for 10 consecutive years. Since 2004, not only have we held rates flat, but we’ve also lowered them twice.
  • In Oregon, there has been no base rate increase for 9 consecutive years. One Oregon insurer increased their rates by nearly 13% for 2014. Not us – we’ve held rates flat since 2006 and even lowered them in 2012.
  • In Idaho, there has been no base rate increase for 7 consecutive years. Since 2008, not only have we held rates flat, but we’ve also lowered them twice.

For 2013, Physicians Insurance was also pleased to return another $5 million dividend to policyholders. The company has returned $30 million in dividends to members over the past six years, and more than $70 million in total. Unlike many public insurance companies, Physicians Insurance pays dividends to policyholders and not out-of-state shareholders, effectively keeping funds in the home communities of the members.

Our financial stability, A- (Excellent) rating from A.M. Best, and strong financial controls make it possible to keep your premiums affordable and budget-stable.

And, if truth be told, the rate reductions and dividends are a sign that our mission is true, and our members find our local presence, fervent advocacy, and innovative approach to be of great value.


*A.M. Best’s ratings are on a scale from A++ (superior) down to D (poor), with even lower ratings for companies under regulatory supervision or in liquidation.
Dr. Wicks
Brian Wicks, MD, Orthopedic Surgery, Silverdale, Washington
Chairman of the Board of Directors, Physicians Insurance


PDF 2012 Annual Report
PDF 2012 Annual Report Financial Supplement
PDF 2013 Dividend FAQ

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