MedPro Group

What MedPro Group does

MedPro Group (legal entity: MedPro Group Inc., operating through The Medical Protective Company and four other licensed carriers) is a U.S. healthcare professional liability insurance carrier founded in 1899 in Fort Wayne, Indiana, and wholly owned by Berkshire Hathaway since 2005. The company underwrites medical malpractice coverage for physicians and surgeons, dentists, chiropractors, advanced practice providers (NPs, PAs, CRNAs), hospitals and other healthcare facilities, and senior care operators across all 50 U.S. states, with selective international expansion since 2013 through other Berkshire affiliates. Coverage is offered as either occurrence or claims-made policies, with tail coverage available for the latter; sub-brands include MedPro Dental (45,000+ insured dentists), ChiroPreferred, Princeton Insurance (New Jersey), PLICO (Oklahoma), and adjacent subsidiaries Wellfleet (student health) and Attorney Protective (legal malpractice).

Revenue mechanics are driven by recurring annual malpractice insurance premiums on a 300,000+ insured base, producing approximately $2.5 billion in annual premium and a $7.5 billion float of invested reserves that supports investment income. Distribution is multi-channel: direct online quoting and binding, an independent agent/broker channel, and an enterprise field sales motion targeting hospitals and large group practices. Differentiated claims defense (90% trial win rate, 80% of claims closed without payment) and in-house risk consulting staffed by senior consultants averaging 25+ years of experience are core value drivers. Technology is a conventional underwriting, quoting, policy administration, and claims reporting stack rather than an AI-native platform. Strategic positioning is anchored by Berkshire's permanent capital and A++ AM Best / AA+ S&P financial strength ratings, which underpin customer trust, pricing flexibility, and the ability to write long-tail occurrence coverage.

Name

MedPro Group

Legal name

MedPro Group Inc.

Website

https://medpro.com

Company type

Private

Founded year

1899

Operating status

Operating

Headcount range

501–1,000 employees

Short description

MedPro Group is a Berkshire Hathaway-owned U.S. medical malpractice insurer founded in 1899, underwriting occurrence and claims-made policies for physicians, dentists, healthcare professionals, hospitals, and senior care facilities across all 50 states and select international markets.

Ownership category

akta.pro rank

Product category

Medical Malpractice Insurance

NAICS

Health Care and Social Assistance (62)

SIC

Hospital & Medical Service Plans (6324), Services-Health Services (8000)

akta.pro primary industry

Healthcare Professional Liability (Med Mal) (FSAJAGAE)

akta.pro secondary industry

Medical Malpractice Reinsurance (FSAOADAJ)

Keywords

• Medical malpractice insurance
• Healthcare liability insurance
• Professional liability coverage
• Claims defense services
• Risk management solutions

Headquarters

HQ city

Fort Wayne

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Malpractice Insurance Premiums: Recurring premiums from occurrence and claims-made malpractice insurance policies for healthcare professionals including physicians, dentists, chiropractors, and facilities. Premium pricing varies by profession, location, coverage type, and claims history.
2. Annual Premium Revenue: $2.5 billion in annual premium with $7.5 billion in float (invested reserves)

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

MedPro Group provides medical malpractice insurance and related risk management services to healthcare professionals and facilities across the United States. The company offers occurrence and claims-made policy forms, in-house claims defense with a network of top attorneys and expert witnesses, risk consultation services, and continuing education programs. Coverage is provided through multiple carrier entities under specialized sub-brands for physicians, surgeons, dentists, chiropractors, hospitals, senior care facilities, and other healthcare providers.

Product overview

MedPro Group offers a comprehensive suite of medical malpractice insurance products and risk management services. The core offering is their malpractice insurance available in two policy types: Occurrence coverage (providing indefinite protection for incidents during the policy period) and Claims-made coverage (requiring tail coverage after termination). The company operates multiple specialized sub-brands including MedPro Dental (for dental professionals), ChiroPreferred (for chiropractors), Wellfleet (accident and health insurance for educational institutions), and Attorney Protective (for attorneys). The portfolio also includes acquired regional insurers Princeton Insurance Company (New Jersey) and PLICO (Oklahoma), along with service offerings such as risk consultations and continuing education courses for premium credits. All products are backed by Berkshire Hathaway and administered through various carriers including The Medical Protective Company and MedPro RRG Risk Retention Group.

Differentiator

Problem solved

Functional benefit

Brands

• ChiroPreferred: Malpractice insurance program for chiropractors underwritten by MedPro Group
• MedPro Dental
• Wellfleet
• Attorney Protective

Products and services

• Medical Malpractice Insurance Core medical malpractice insurance product providing professional liability coverage for physicians, surgeons, dentists, chiropractors, hospitals, senior care facilities, and other healthcare providers, with occurrence and claims-made policy forms.
• MedPro Dental

Quantifiable outcome

• 90% of trials result in a win for MedPro
• +4 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators11 records

Recent moves15 records

Expansion highlights5 records

Broad incumbents

• The Hartford: The Hartford is a large diversified insurer offering medical malpractice and healthcare professional liability coverage as part of its commercial P&C portfolio. Comparable in serving healthcare provider and facility customers, but med mal is one line within a broader book.
• Chubb: Chubb is a global P&C insurer that writes healthcare professional liability and medical malpractice coverage for physicians, hospitals, and healthcare systems. Broad incumbent with healthcare as one segment among many lines of business.
• CNA Financial: CNA is a major commercial property & casualty insurer with a significant healthcare professional liability and medical malpractice line. Larger, diversified incumbent offering overlapping med mal coverage as part of a broader commercial portfolio.

Direct peers

• The Doctors Company: The Doctors Company is the largest physician-owned medical malpractice insurer in the U.S., offering similar occurrence and claims-made policies, claims defense, and risk management to physicians, surgeons, and healthcare facilities. Direct competitor in the same product category with overlapping customer base.
• Coverys: Coverys is a medical professional liability insurance provider offering malpractice coverage, risk management, and analytics to physicians, hospitals, and healthcare organizations. Directly comparable in product mix, customer segments, and claims-defense orientation.
• NORCAL Mutual: NORCAL Mutual provided medical professional liability insurance to physicians and healthcare professionals before merging into ProAssurance in 2022. Comparable mutual med mal model serving the same physician customer base as MedPro.
• ProAssurance: ProAssurance is a specialty insurer focused on medical professional liability for physicians, healthcare providers, and facilities, plus workers' compensation and other lines. Directly comparable specialty med mal carrier competing on the same insureds.
• MagMutual Insurance: MagMutual is a physician-owned medical professional liability insurer providing malpractice coverage, claims defense, and risk solutions to physicians, hospitals, and healthcare systems. Closely comparable mutual alternative to MedPro's commercial offering.

Others

• Berkshire Hathaway Specialty Insurance: BHSI is Berkshire Hathaway's specialty insurance arm providing executive & professional lines including healthcare professional liability. Sister organization under same parent; provides adjacent specialty coverage that may compete or cooperate with MedPro on complex healthcare accounts.

Regional players

• Medical Mutual of Maine: Medical Mutual of Maine is a regional medical professional liability insurer serving physicians and healthcare providers in the Northeast. Comparable mutual med mal model with similar product offerings but geographic focus limits overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/26035
• Xx.com/medproprotector

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MedPro Group