| Business Summary | | NCRIC
Group,
Inc.,
organized
in
December
1998,
is
the
holding
company
for
NCRIC,
Inc.
(NCRIC),
a
medical
professional
liability
insurance
company,
and
NCRIC
MSO,
Inc.,
a
physician
practice
management
and
financial
services
company.
Medical
professional
liability
insurance
insures
the
physician
against
liabilities
arising
from
the
rendering
of
or
failure
to
render
professional
medical
services.
The
principal
operations
of
NCRIC
and
NCRIC
MSO
are
conducted
in
the
District
of
Columbia,
Maryland,
Virginia
and
North
Carolina. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NCRI
is
the
holding
Co.
for
NCRIC,
Inc.,
a
medical
liability
insurance
Co.
and
NCRIC
MSO,
Inc.,
a
physician
practice
managment
and
financial
service
Co.,
with
operations
in
D.C.,
MD,
NC
and
VA.
For
the
six
months
ended
6/30/01,
revenues
rose
20%
to
$16.1
million.
Net
income
fell
28%
to
$1.2
million.
Results
reflect
increased
policies
in
force
and
increased
premium
rates,
offset
by
increased
level
of
exposure
and
upward
pressure
of
severity
of
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Nelson Trujillo, M.D., 62 Chairman | -- | R. Ray Pate, Jr., 41 Pres,
CEO, Vice Chairman | $427K | Rebecca Crunk, 49 CFO,
Sr. VP | 254K | Stephen Fargis, 41 COO,
Sr. VP | 274K | William Burgess, 45 Sr.
VP, Sec. | 223K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|