A.M. Best Assigns A++ Rating to PLICO, INC.

OKLAHOMA, OK and FORT WAYNE, IN – October 16, 2015 – Independent rating agency A.M. Best today assigned PLICO, Inc. a financial strength rating of "A++ (Superior)," its highest rating and provided a stable outlook. Acquired last month by Berkshire Hathaway's MedPro Group, PLICO is the leading protector of Oklahoma healthcare providers' assets and reputations.

"We are pleased A.M. Best has recognized PLICO's superior financial strength, leading market presence in Oklahoma and excellent operating performance," commented PLICO CEO Carl Hook, M.D. "PLICO's unwavering commitment to the Oklahoma healthcare community has always been unquestioned, and now, with this A++ rating and the national resources and support as part of MedPro Group, we have unmatched capabilities to deliver innovative risk solutions to all Oklahoma healthcare providers."

In its rating announcement, A.M. Best acknowledged PLICO's role within MedPro Group and its affiliation with Berkshire Hathaway as well as "…PLICO's strong balance sheet, historically favorable operating performance and its market position as one of the leading providers of medical professional liability insurance in Oklahoma."

"We are pleased to deliver on our promise that PLICO policyholders would not only continue to enjoy the same terrific local service long provided by PLICO, but also receive the industry-leading financial peace of mind and resources that only MedPro Group/Berkshire bring," commented MedPro Group CEO Tim Kenesey. "As Berkshire's chairman Warren Buffett said, 'MedPro Group is not only the nation's leading healthcare liability company, providing peace of mind to the nation's healthcare providers, we are also now a favored solution for owners of healthcare liability insurers who seek the world's most stable home for their company and policyholders in a very unstable and changing healthcare landscape.'"


Matthew Moore
MedPro Group's PLICO, Inc.

About PLICO:

As the largest healthcare liability insurer in Oklahoma, with approximately 2,200 healthcare providers and $30 million in annual premium, PLICO has been serving the healthcare community since 1979. PLICO, together with MedPro Group, offer customized insurance, claims, patient safety and risk solutions for physicians, surgeons, dentists and other healthcare professionals, as well as hospitals, senior care and other healthcare facilities. PLICO has earned the industry's highest financial strength rating of A++ from A.M. Best. PLICO is known for its personalized attention to insureds, taking a customer-focused, compassionate approach as advocates for healthcare professionals. It is recognized as a Top Workplace winner in 2013 and 2014 for the state of Oklahoma. As the endorsed carrier of the Oklahoma State Medical Association and the Oklahoma Hospital Association, as well as the education partner for the Osteopathic Founders Foundation, PLICO is the insurer of choice for Oklahoma medical professionals. PLICO is a MedPro Group/Berkshire Hathaway company.

About MedPro Group – Berkshire Hathaway's dedicated healthcare malpractice insurance solution

As the nation's first provider of healthcare liability insurance, MedPro Group has been protecting the assets and reputations of the healthcare community since 1899. With over $874 million in annual premium and more than 140,000 customers, MedPro Group is the national leader in customized insurance, claims, patient safety and risk solutions for physicians, surgeons, dentists and other healthcare professionals, as well as, hospitals, senior care and other healthcare facilities. MedPro Group includes The Medical Protective Company, Princeton Insurance Company and MedPro RRG Risk Retention Group. All insurance products are administered by MedPro Group and underwritten by these and other Berkshire Hathaway affiliates, including National Fire & Marine Insurance Company, all of which have earned financial strength ratings of A++ from A.M. Best. Its distribution partners include a nationwide network of licensed agents, brokers and wholesalers. MedPro Group is a Berkshire Hathaway business. www.medpro.com.

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