Changing Needs, Changing Solutions

Not too long ago, first-dollar insurance coverage was the norm; most policyholders and the insurance companies that served them were comfortable with that arrangement. Today, alternative risk solutions abound for those willing to assume more risk. Deductible programs, retentions and captives compete successfully with traditional insurance for a place in health care facilities' portfolio. With decades of experience serving the insurance needs of hospitals and health care facilities, Princeton Insurance adapted its programs to include alternative risk solutions, and the response has been positive. We now work with institutional policyholders in a variety of ways; through our rent-a-captive program, hospitals are funding retentions with the full comfort that comes from knowing their claims are expertly managed by the same staff members they've trusted for years. As the needs of those we serve change, so must we. It is this philosophy that has allowed Princeton Insurance to continue to be the insurer of choice for the majority of hospitals in New Jersey.

TABLE OF CONTENTS

Cover Page

Letter to Policyholders

A Year of Market Turmoil

Princeton's Legacy Continues

2001 Financial Statements

{yir_finrvwadd}