Cassatt At-A-Glance

Established:

1991

Coverage:

Medical malpractice and other liability

Culture:

Open, shared learning, accountability among members

Total Program Funding:

$55 million

Six-Year Average Annual Investment Return:

6.7 percent

Dividends / Premium Credits:

$119 million (while maintaining Reserve to Surplus ratio of 2:1)

Members:

11 Philadelphia-area hospitals, 1,260 physicians

Structure:

Group captive; members share risk

Objectives:

Improve quality of patient care provided, leading to lower cost of insurance

Invested Assets:

$240 million

Shareholders’ Equity:

Investment increased by 120 percent

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