U. S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                    FORM 10-Q

          Quarterly Report Under Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

                  For the quarterly period ended June 30, 2000

                        Commission File Number: 0-25505

                                NCRIC Group, Inc.

              District of Columbia                      52-2134774
              --------------------                      ----------
         (State or other jurisdiction of            (I.R.S. Employer
         incorporation or organization)            Identification No.)

         1115 30th Street, NW, Washington, D.C.            20007
         --------------------------------------            -----
        (Address of principal executive offices)         (Zip Code)

                                  202-969-1866
                ------------------------------------------------
                (Issuer's telephone number, including area code)

     Check whether the registrant (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the registrant was required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days. Yes  X    No

     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock, as of the latest  practicable date: As of August 1, 2000, there
were 3,725,355 shares of NCRIC Group, Inc. common stock outstanding.

<PAGE>

Table of Contents

Part I -  Financial Information

Item 1.   Condensed Consolidated Financial Statements (unaudited)
          NCRIC Group, Inc. and Subsidiaries
              Condensed Consolidated Balance Sheets.......................... 3
              Condensed Consolidated Statements of Operations................ 4
              Condensed Consolidated Statements of Cash Flows................ 5
              Notes to Condensed Consolidated Financial Statements........... 6

Item 2.   Management's Discussion and Analysis............................... 9

Item 3.   Quantitative and Qualitative Disclosures About Market Risk........ 15

Part II - Other Information

Item 1.   Legal Proceedings................................................. 15

Item 4.   Submission of Matters to a Vote of Security Holders............... 15

Item 6.   Exhibits and Reports on Form 8-K.................................. 16

Signatures.................................................................. 16

<PAGE>
                          PART I FINANCIAL INFORMATION

Item 1.  Financial Statements
<TABLE>
<CAPTION>

NCRIC GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT FOR SHARE DATA)
----------------------------------------------------------------------------------------------------

                                                                    June 30, 2000  December 31, 1999
                                                                      (unaudited)
ASSETS
<S>                                                                     <C>            <C>
INVESTMENTS:
       Securities available for sale, at fair value:
          Bonds and U.S.Treasury Notes                                  $  93,069      $  90,937
          Preferred stocks                                                  4,999          4,155
                                                                        ---------      ---------
               Total securities available for sale                         98,068         95,092

OTHER ASSETS:
       Cash and cash equivalents                                            4,056          5,407
       Reinsurance recoverable                                             24,845         26,627
       Goodwill                                                             4,798          4,928
       Deferred federal income taxes                                        2,808          3,298
       Other assets                                                         6,843          5,595
                                                                        ---------      ---------
TOTAL ASSETS                                                            $ 141,418      $ 140,947
                                                                        =========      =========

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES:
       Losses and loss adjustment expenses:
          Losses                                                        $  54,057      $  56,462
          Loss adjustment expenses                                         26,612         27,820
                                                                        ---------      ---------
               Total losses and loss adjustment expenses                   80,669         84,282
       Other liabilities:
          Retrospective premiums accrued under
               reinsurance treaties                                         6,568          7,164
          Unearned premiums                                                11,778          8,898
          Other liabilities                                                 4,695          4,808
                                                                        ---------      ---------
TOTAL LIABILITIES                                                         103,710        105,152
                                                                        ---------      ---------

STOCKHOLDERS' EQUITY:
       Common stock $0.01 par value - 10,000,000 shares authorized;
          3,742,855 shares issued and outstanding                              37             37
       Additional paid in capital                                           9,439          9,433
       Unallocated common stock held by the ESOP                             (941)          (993)
       Unallocated common stock held by the stock award plan                 (518)          (518)
       Accumulated other comprehensive loss                                (2,740)        (2,866)
       Retained earnings                                                   32,431         30,702
                                                                        ---------      ---------
TOTAL STOCKHOLDERS' EQUITY                                                 37,708         35,795
                                                                        ---------      ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                              $ 141,418      $ 140,947
                                                                        =========      =========
</TABLE>

See notes to condensed consolidated financial statements.


                                       3
<PAGE>
<TABLE>
<CAPTION>

NCRIC GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
UNAUDITED (IN THOUSANDS EXCEPT PER SHARE DATA)
------------------------------------------------------------------------------------------------------------

                                                   Three Months Ended June 30,      Six Months Ended June 30,
                                                     2000            1999             2000           1999

<S>                                              <C>             <C>             <C>             <C>
REVENUES:
       Net premiums earned                            $3,544         $ 2,970           $ 7,173        $6,575
       Net investment income                           1,588           1,496             3,182         2,914
       Net realized investment losses                      -            (199)                -          (147)
       Practice management and related income          1,443           1,090             2,818         2,333
       Other income                                      107              80               209           171
                                                -------------   -------------   --------------- -------------
               Total revenues                          6,682           5,437            13,382        11,846
                                                -------------   -------------   --------------- -------------

EXPENSES:
       Losses and loss adjustment expenses             2,766           2,525             5,755         6,089
       Underwriting expenses                           1,081             654             2,021         1,581
       Practice management expenses                    1,257           1,173             2,471         2,289
       Other                                             345             294               631           767
                                                -------------   -------------   --------------- -------------
               Total expenses                          5,449           4,646            10,878        10,726
                                                -------------   -------------   --------------- -------------

INCOME BEFORE INCOME TAXES                             1,233             791             2,504         1,120

INCOME TAX PROVISION                                     382             210               775           240
                                                -------------   -------------   --------------- -------------

NET INCOME                                            $  851          $  581           $ 1,729        $  880
                                                =============   =============   =============== =============

Net income per common share:

Basic                                                 $ 0.24          $ 0.27           $  0.49        $ 0.40
Diluted                                               $ 0.24          $ 0.27           $  0.49        $ 0.40
</TABLE>

See notes to condensed consolidated financial statements.



                                       4
<PAGE>
<TABLE>
<CAPTION>
NCRIC GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
UNAUDITED (IN THOUSANDS)
--------------------------------------------------------------------------------------

                                                             Six Months Ended June 30,
                                                                2000         1999

<S>                                                           <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
       Net income                                             $  1,729    $    880
       Adjustments to reconcile net income
          to net cash flows from operating activities:
               Net realized investment losses                      --          147
               Amortization and depreciation                       338         253
               Deferred federal income taxes                       423         (87)
               Changes in assets and liabilities:
                       Reinsurance recoverable                   1,782      (1,896)
                       Other assets                             (1,063)     (3,041)
                       Losses and loss adjustment expenses      (3,613)      1,416
                       Retrospective premiums accrued under
                            reinsurance treaties                  (596)      2,374
                       Unearned premiums                         2,880       6,582
                       Other liabilities                          (858)        174
                                                              --------    --------
          Net cash flows from operating activities               1,022       6,802
                                                              --------    --------

CASH FLOWS FROM INVESTING ACTIVITIES:
       Purchases of investments                                (18,221)    (38,647)
       Sales, maturities and redemptions of investments         16,241      32,184
       Investment in purchased business                           --        (5,238)
       Purchases of property and equipment                        (393)        (97)
                                                              --------    --------
          Net cash flows provided by investing activities       (2,373)    (11,798)
                                                              --------    --------

CASH FLOWS FROM FINANCING ACTIVITIES:
       Proceeds from long-term debt                               --         2,200
                                                              --------    --------

NET CHANGE IN CASH AND CASH
       EQUIVALENTS                                              (1,351)     (2,796)
                                                              --------    --------

CASH AND CASH EQUIVALENTS,
       BEGINNING OF PERIOD                                       5,407       6,083
                                                              --------    --------

CASH AND CASH EQUIVALENTS,
       END OF PERIOD                                          $  4,056    $  3,287
                                                              ========    ========

SUPPLEMENTARY INFORMATION:
       Interest paid                                          $    --     $     92
                                                              ========    ========
</TABLE>

See notes to condensed consolidated financial statements.


                                       5
<PAGE>

NCRIC GROUP, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements - unaudited

1.   Basis of Preparation

     The accompanying unaudited condensed consolidated financial statements were
     prepared in accordance with  instructions to Form 10-Q and therefore do not
     include  all  disclosures  necessary  for  a  complete  presentation  under
     generally accepted accounting principles. In the opinion of management, all
     adjustments,   consisting  of  normal  recurring  adjustments,   considered
     necessary for a fair presentation have been included.

     Operating  results  for the  six-month  period  ended June 30, 2000 are not
     necessarily  indicative  of the results  that may be expected  for the year
     ending December 31, 2000. These condensed consolidated financial statements
     and notes should be read in conjunction  with the financial  statements and
     notes included in the audited  consolidated  financial  statements of NCRIC
     Group,  Inc. (NCRIC Group) for the year ended December 31, 1999, which were
     filed with the Securities and Exchange Commission on Form 10-KSB.

2.   Reportable Segment Information

     NCRIC Group has two reportable segments:  Insurance and Practice Management
     Services. The insurance segment provides medical professional liability and
     other insurance.  The practice management services segment provides medical
     practice  management  services primarily to private practicing  physicians.
     NCRIC Group evaluates  performance  based on profit or loss from operations
     before income taxes. The reportable  segments are strategic  business units
     that offer  different  products  and  services  and  therefore  are managed
     separately.

     Selected  financial data is presented below for each business segment at or
     for the three-month and six-month  periods ended June 30, 2000 and 1999 (in
     thousands):

<TABLE>
<CAPTION>
                                          For the Three Months     At or For the Six Months
                                             Ended June 30,            Ended June 30,
                                          --------------------     ------------------------
                                            2000        1999         2000           1999
                                          -------     -------      ---------     ----------
<S>                                       <C>         <C>          <C>           <C>
Insurance
    Revenues from external customers      $ 3,632     $ 3,050      $   7,345     $   6,746
    Net investment income                   1,571       1,539          3,142         3,014
    Depreciation and amortization              58          49            116            84
    Segment profit before taxes             1,260       1,151          2,525         1,758
    Expenditures for segment assets           233          29            377            50
    Segment assets                                                   134,672       142,674
    Segment liabilities                                              102,874       113,176
</TABLE>


                                       6
<PAGE>

<TABLE>
<CAPTION>
                                          For the Three Months      At or For the Six Months
                                             Ended June 30,              Ended June 30,
                                          --------------------      ------------------------
                                            2000        1999            2000        1999
                                          --------   ---------      ----------   -----------

<S>                                       <C>        <C>             <C>         <C>
Practice Management Services
    Revenues from external customers      $  1,465   $   1,092       $   2,858   $   2,335
    Net investment income                       17          18              33          21
    Depreciation and amortization              125          85             222         169
    Segment profit (loss) before taxes         192        (200)            379        (311)
    Expenditures for segment assets              2          31              16          47
    Segment assets                                                       6,833       6,508
    Segment liabilities                                                  1,247         991


Total
    Revenues from external customers      $  5,097   $   4,142       $  10,203   $   9,081
    Net investment income                    1,588       1,557           3,175       3,035
    Depreciation and amortization              183         134             338         253
    Segment profit before taxes              1,452         951           2,904       1,447
    Expenditures for segment assets            235          60             393          97
    Segment assets                                                     141,505     149,182
    Segment liabilities                                                104,121     114,167
</TABLE>

The following are reconciliations of reportable segment revenues, net investment
income, assets, liabilities, and profit to the Company's consolidated totals (in
thousands):

<TABLE>
<CAPTION>
                                                            June 30,
                                                  ----------------------------
                                                      2000            1999
                                                  ------------    ------------

<S>                                               <C>             <C>
Assets:
    Total assets for reportable segments          $   141,505     $   149,182
    Elimination of intersegment receivables              (802)           (631)
    Elimination of affiliate receivables                   --          (4,933)
    Other unallocated amounts                             715           1,606
                                                  ------------    ------------
    Consolidated total                            $   141,418     $   145,224
                                                  ============    ============

Liabilities:
    Total liabilities for reportable segments     $   104,121     $   114,167
    Elimination of intersegment payables                  392            (631)
    Other liabilities                                    (803)          2,801
                                                  ------------    ------------
    Consolidated total                            $   103,710     $   116,337
                                                  ============    ============

<CAPTION>
                                                       For the Three Months       For the Six Months
                                                          Ended June 30,            Ended June 30,
                                                      ---------------------     ---------------------
                                                        2000         1999         2000         1999
                                                      --------     --------     ---------    --------

<S>                                                   <C>          <C>          <C>          <C>
Revenues from external customers:
    Total revenues for reportable segments            $ 5,097      $ 4,142      $ 10,203     $ 9,081
    Elimination of intersegment revenues                   (3)          (2)           (3)         (2)
                                                      --------     --------     ---------    --------
    Consolidated total                                $ 5,094      $ 4,140      $ 10,200     $ 9,079
                                                      ========     ========     =========    ========
</TABLE>


                                       7
<PAGE>
<TABLE>
<CAPTION>
                                                       For the Three Months       For the Six Months
                                                          Ended June 30,            Ended June 30,
                                                      ---------------------     ---------------------
                                                        2000         1999         2000         1999
                                                      --------     --------     ---------    --------

<S>                                                   <C>          <C>          <C>          <C>
Net Investment Income:
     Total investment income for reportable segments  $ 1,588      $ 1,557      $ 3,175      $ 3,035
     Elimination of intersegment interest income           -           (61)          -          (121)
     Other unallocated amounts                             -            -             7           -
                                                      --------     --------     ---------    --------
     Consolidated total                               $ 1,588      $ 1,496      $ 3,182      $ 2,914
                                                      ========     ========     =========    ========

Profit before taxes:
     Total profit for reportable segments             $ 1,452      $   951      $ 2,904      $ 1,447
     Other expenses                                      (219)         (99)        (400)        (206)
     Elimination of intersegment interest income            -          (61)          -          (121)
                                                      --------     --------     ---------    --------
     Consolidated total                               $ 1,233      $   791      $ 2,504      $ 1,120
                                                      ========     ========     =========    ========
</TABLE>

3.   Earnings per Share

     The  following  table  sets  forth the  computation  of basic  and  diluted
     earnings per share (in thousands except per share data):

<TABLE>
<CAPTION>
                                   For the Three Months   For the Six Months
                                      Ended June 30,        Ended June 30,
                                   --------------------   ------------------
                                     2000        1999       2000      1999
                                   --------    --------   --------   -------

<S>                                 <C>        <C>        <C>        <C>
Net income                          $  851     $  581     $ 1,729    $  880
                                    ======     ======     =======    ======

Weighted average common
  shares outstanding - basic         3,533      2,220       3,531     2,220

Dilutive effect of stock options         6         -            8        -
                                    ------     ------     -------    ------

Weighted average common
  shares outstanding - diluted       3,539      2,220       3,539     2,220
                                    ======     ======     =======    ======

Net income per common share:

Basic                               $ 0.24     $ 0.27     $  0.49    $ 0.40
                                    ------     ------     -------    ------

Diluted                             $ 0.24     $ 0.27     $  0.49    $ 0.40
                                    ------     ------     -------    ------
</TABLE>

     Earnings per share is calculated by dividing the net income by the weighted
     average shares  outstanding for the period.  For the period from January 1,
     1999 through June 30, 1999,  the  calculation  of weighted  average  shares
     outstanding  includes 2,220,000 shares. Had the calculation been made using
     3,520,855 as the weighted average  outstanding shares for the period ending
     June 30,  1999,  that is as if the stock  offered in the July 1999  initial
     public offering had been outstanding on January 1, 1999, basic earnings per
     share would have been $0.17 and $0.25 for the quarter and six months  ended
     June 30, 1999, respectively.

4.   Subsequent Event - Stock Repurchase

     On July 7, 2000,  NCRIC  Group  purchased  17,500  shares of its stock at a
     price of $7 1/2 per share. The shares will be held as treasury shares.



                                       8
<PAGE>
Item 2.  Management's  Discussion  and  Analysis  of Results of  Operations  and
         Financial Condition

The following  analysis of the consolidated  results of operations and financial
condition  of NCRIC  Group  should  be read in  conjunction  with the  condensed
consolidated financial statements and related notes included in this Form 10-Q .
References  to "NCRIC" mean NCRIC Group and its  subsidiaries,  including  their
predecessors.

General

     The  financial  statements  and data  presented  in the Form 10-Q have been
prepared in accordance  with generally  accepted  accounting  principles,  GAAP,
unless otherwise noted. GAAP differs from statutory accounting practices used by
regulatory   authorities  in  their  oversight   responsibilities  of  insurance
companies.

     In December 1999, the SEC issued Staff Accounting Bulletin No. 101, Revenue
Recognition in Financial  Statements,  SAB No. 101,  summarizing  certain of the
staff's views in applying  generally accepted  accounting  principles to revenue
recognition in financial statements. NCRIC has not yet completed its analysis of
the impact of SAB No. 101; however,  on a preliminary basis, it does not believe
that the  impact,  if any,  of  adopting  SAB No.  101 will be  material  to its
financial statements.


Consolidated net income

Three months ended June 30, 2000 compared to three months ended June 30, 1999

Net income of $851,000 for the three months  ended June 30, 2000  increased  46%
from $581,000 for the three months ended June 30, 1999. The improvements both in
net underwriting  results and in practice  management results contributed to the
increase in net income.

Six months ended June 30, 2000 compared to six months ended June 30, 1999

     Net income  increased to $1,729,000 for the six months ended June 30, 2000,
up 96% from $880,000 for the six months ended June 30, 1999. Improvement both in
net underwriting  results and in practice  management results contributed to the
increased  earnings.  Earnings for the current six months were also improved due
to lower legal fees relating to the litigation  brought by the NCRIC  Physicians
Organization and settled in 1999.

Net premiums earned

Three months ended June 30, 2000 compared to three months ended June 30, 1999

     Gross premiums  written of $2.0 million for the three months ended June 30,
2000 increased by $900,000 from $1.1 million for the three months ended June 30,
1999  primarily  reflecting  an increase  in new  business  written.  The mix of
business  produced by NCRIC's  independent  agency force has increased to 82% of
new  business  written for the three months ended June 30, 2000 from 29% for the
three months ended June 30, 1999.

     Net  premiums  earned  increased by 16.7% to $3.5 million from $3.0 million
for the three months ended June 30, 2000 and 1999, respectively. The increase is
primarily  reflective  of the increase in policies in force as the result of new
business written in addition to the benefit from reduced reinsurance costs under
the new reinsurance program.



                                       9
<PAGE>
     Late in the second quarter it was determined  that one of NCRIC's  hospital
sponsored risk sharing programs would not be renewed at the upcoming September 1
renewal.  Under this type of risk sharing  program,  physicians are underwritten
directly by NCRIC and pay lower individual premiums than if not part of the risk
sharing program.  At the end of the policy year covered by the premium, a review
of the actual loss  experience of the physician  group is completed.  Should the
group's loss experience be unfavorable,  NCRIC will require  additional  premium
payments from the sponsoring hospital to offset the unfavorable losses.

     This  hospital  sponsored  program to be  terminated  September 1 currently
includes  approximately 70 physicians  insured directly with NCRIC which account
for  approximately  $2.5 million in annualized  premium.  The termination of the
hospital  sponsored  program  will not  impact  the  insurance  coverage  of the
physicians.  However,  it will  increase  the  premium  cost  to the  individual
physicians.  There is no assurance  that the  individual  physicians  will renew
their coverage with NCRIC at the increased  premium  level.  Based on the actual
accumulated  loss  experience  of the program  through June 30, 2000,  NCRIC has
accrued approximately $1.2 million of premium. A final bill will be presented to
the hospital sponsor under terms of the contract  following the termination date
based on actual loss experience through the termination date.

Six months ended June 30, 2000 compared to six months ended June 30, 1999

     Gross  premiums  written of $13.1 million for the six months ended June 30,
2000 are lower than the $15.2  million  for the six months  ended June 30,  1999
primarily due to the  staggering of policy  renewal dates largely  offset by new
business written,  as displayed in the table below.  Premiums written were lower
by approximately  $3.1 million for the six months ended June 30, 2000 due to the
staggering of premium  writing dates in 1999.  Starting in the fourth quarter of
1997 and continuing  through 1999,  NCRIC began to stagger policy renewal dates.
While  premiums  written  in the period of the new  renewal  date  increase  and
premiums written in the subsequent period  corresponding to the original renewal
date decrease,  the staggering has no net effect on premiums written from period
to period.  In addition,  the staggering of renewal dates does not affect earned
premiums.

     The mix of business produced directly by NCRIC versus by agents has changed
between  reporting  periods as shown on the following chart of new gross written
premium (in thousands).

                                 Six months ended June 30,
                                 -------------------------
                                          2000        1999
                                         ------      ------
                           Direct        $  634      $  589
                           Agent          1,175         181



     In the first six months of 2000, premium written to clients of the Practice
Management  Segment totals  $264,000 or 15% of total new gross written  premium,
compared to $29,000 in the first six months of 1999,  or 4% of new gross written
premium.

     Net  premiums  earned  increased  by 9% to $7.2  million for the six months
ended June 30, 2000 from $6.6 million for the  corresponding  1999  period.  The
increase  is  primarily  attributable  to the  increase  in  business  in  force
resulting from new business  production plus the reduction in reinsurance  ceded
premium resulting from the new reinsurance program effective for 2000.

     While  insurance  in force  continues  to follow  the  historic  pattern of
insuring risks concentrated in the District of Columbia,  there has been notable
growth in net  earned  premium  in  Virginia,  largely as the result of sales by
agents and sales to  clients of the  Practice  Management  Segment.  For the six
months  ended  June  30,  2000,  net  earned   premium  from  Virginia   totaled
approximately  $650,000, an increase of approximately $370,000 over the total of
approximately $280,000 for the six months ended June 30, 1999.



                                       10
<PAGE>

Net investment income

Three months ended June 30, 2000 compared to three months ended June 30, 1999

     Net investment  income increased by $92,000 for the three months ended June
30,  2000  compared  to the second  quarter of 1999 due to an increase in yields
partially  offset by a decrease in invested funds.  The average  effective yield
was  approximately  6.25% for the three months ended June 30, 2000 and 5.68% for
the three months ended June 30, 1999. The tax equivalent yield was approximately
6.67% for the second  quarter of 2000 and 6.15% for the second  quarter of 1999.
The increase in investment yields reflects the market increase in interest rates
in 2000 compared to 1999.

Six months ended June 30, 2000 compared to six months ended June 30, 1999

     Net investment  income  increased by $268,000 for the six months ended June
30,  2000  compared to the first six months of the prior year due to an increase
in yields  partially  offset by a decrease in invested funds.  Average  invested
assets,  which include cash  equivalents,  were lower in the first six months of
2000 by $3.3  million  due to reduced  cash flows from  operations.  The average
effective yield was  approximately  6.25% for the six months ended June 30, 2000
and 5.54% for the six months ended June 30, 1999. The tax  equivalent  yield was
approximately  6.63%  through  the second  quarter of 2000 and 6.07% for the six
months  ended June 30,  1999.  The increase in  investment  yields  reflects the
market increase in interest rates in 2000 compared to 1999.

Practice management and related revenue

     Revenue for practice  management and related  services is comprised of fees
for the services shown in the following chart.

<TABLE>
<CAPTION>
                                        Three Months Ended June 30,     Six Months Ended June 30,
                                        ---------------------------     -------------------------
                                            2000       1999                 2000       1999
                                            ----       ----                 ----       ----

<S>                                          <C>        <C>                  <C>        <C>
Practice management                          41%        35%                  42%        38%
Accounting                                   26%        37%                  27%        31%
Tax & personal financial planning            19%         6%                  15%        11%
Retirement plan accounting & admin           12%        14%                  13%        13%
Other                                         2%         8%                   3%         7%
                                            ----       ----                 ----       ----
Total                                       100%       100%                 100%       100%
</TABLE>

Three months ended June 30, 2000 compared to three months ended June 30, 1999

     Practice  management  and  related  revenue of $1.4  million  for the three
months  ended June 30, 2000 is up from $1.1  million for the three  months ended
June 30,  1999.  The  increase  results  from both  recurring  fee  business and
one-time consulting assignments.

Six months ended June 30, 2000 compared to six months ended June 30, 1999

     Practice  management and related revenue of $2.8 million for the six months
ended June 30,  2000 and $2.3  million  for the six months  ended June 30,  1999
consisted  of fees  generated  by NCRIC MSO through  HealthCare  Consulting  and
Employee  Benefits  Services.  The  increase  results  from both  recurring  fee
business and one-time consulting assignments.  Approximately $150,000 of revenue
in the first half of 2000 results from services provided to existing insureds of
NCRIC reflecting results of the cross-selling initiative.


                                       11
<PAGE>
Loss and loss adjustment expenses and combined ratio results

     While NCRIC  continues to experience  pressure from the rise in severity of
losses,  it continues to take a cautious approach in establishing and evaluating
reserves.  The  expense  for  incurred  losses  and  LAE net of  reinsurance  is
summarized as follows:

<TABLE>
<CAPTION>
                                       Three Months Ended June 30,     Six Months Ended June 30,
                                       ---------------------------     -------------------------
                                           2000        1999                2000        1999
                                        ---------   ---------            --------    --------
                                             (in thousands)                 (in thousands)
<S>                                    <C>         <C>                  <C>         <C>
Incurred loss and LAE related to:
   Current year - losses                $   5,458   $   6,286            $  9,244    $ 10,736
   Prior years - development               (2,692)     (3,761)             (3,489)     (4,647)
                                        ---------   ---------            --------    --------
Total incurred for the period           $   2,766   $   2,525            $  5,755    $  6,089
                                        =========   =========            ========    ========
</TABLE>

Following  is a  summary  of the  ratios  of losses  and  underwriting  expenses
compared to net premiums:

<TABLE>
<CAPTION>
                                            Six Months Ended June 30,
                                           ---------------------------
                                              2000          1999
                                             ------        ------

<S>                                           <C>           <C>
GAAP Underwriting ratios:
   Loss and LAE ratio                         80.2%         92.6%
   Underwriting expense ratio                 28.2%         24.1%
   Combined ratio after renewal credits      108.4%        116.7%
</TABLE>

Three months ended June 30, 2000 compared to three months ended June 30, 1999

     Total  incurred loss and LAE expense of $2.8 million for the second quarter
of 2000  increased  by $241,000  from the $2.5  million  incurred for the second
quarter of 1999. NCRIC experienced favorable development on estimated losses for
prior years' claims in both 2000 and 1999. The loss development related to prior
years claims was $2.7 million in the second  quarter of 2000 and $3.8 million in
the  second  quarter  of  1999.   Prior  year   development   results  from  the
re-estimation  and settlement of individual  losses not covered by  reinsurance,
which generally are losses under $500,000.

Six months ended June 30, 2000 compared to six months ended June 30, 1999

     Total  incurred  loss and LAE  expense  of $5.8  million  for the first six
months of 2000  decreased  by $334,000  from the $6.1  million  incurred for the
first six months of 1999. The number of claims  reported in the first six months
of 2000  were  lower  than in the first six  months of 1999.  NCRIC  experienced
favorable  development  on  estimated  losses  for prior  years in the first six
months of both years.

     The GAAP combined ratio before renewal credits  decreased to 108.4% for the
six months  ended June 30,  2000 from  116.7% for the six months  ended June 30,
1999.  This  decrease  reflects  both the  increase in earned  premiums  and the
decrease in incurred  losses and LAE in the first six months of 2000 compared to
the same period in 1999.

Expenses

Three months ended June 30, 2000 compared to three months ended June 30, 1999

     Underwriting  expenses  increased  $427,000,  to $1.1 million for the three
months  ended June 30, 2000 from  $654,000  for the three  months ended June 30,
1999.  The  increase  in  expenses  primarily  stems  from the  increase  in new
business, particularly agent produced business, through increases in commissions
and  other  underwriting   costs.  The  mix  of  business  produced  by  NCRIC's
independent  agency force has  increased to 82% of new business  written for the
three  months  ended June 30, 2000 from 29% for the three  months ended June 30,
1999.


                                       12
<PAGE>
     Practice  management  and related  expenses  of $1.3  million for the three
months  ended June 30, 2000 and $1.2 million for the three months ended June 30,
1999 consisted primarily of salaries and benefits, other general office expenses
and goodwill amortization.

     Other  expenses   include   amounts  for  subsidiary  and  holding  company
operations   which  are  not  directly   related  to  the  issuance  of  medical
professional  liability insurance or practice management and related operations.
Other  expenses of $345,000  for the three months ended June 30, 2000 compare to
$294,000 for the three months ended June 30, 1999.

Six months ended June 30, 2000 compared to six months ended June 30, 1999

     Underwriting expenses increased $440,000 to $2.0 million for the six months
ended June 30, 2000 from $1.6  million for the six months  ended June 30,  1999.
The  increase in expenses  primarily  stems from the  increase in new  business,
particularly agent produced business, through increases in commissions and other
underwriting costs.

     Practice management and related expenses of $2.5 million for the six months
ended June 30,  2000 and $2.3  million  for the six months  ended June 30,  1999
consisted primarily of salaries and benefits,  other general office expenses and
goodwill amortization.

     Other  expenses   include   amounts  for  subsidiary  and  holding  company
operations   which  are  not  directly   related  to  the  issuance  of  medical
professional  liability insurance or practice management and related operations.
For the six months ended June 30, 2000 expenses of $631,000  compare to $767,000
for the six months  ended June 30, 1999.  The primary  component of the decrease
was a  reduction  of  approximately  $290,000  in  legal  expenses  incurred  in
connection with litigation brought by NCRIC Physicians  Organization and settled
in 1999,  partially offset by an increase in expenses due to meeting the various
requirements associated with having common stock traded in the public market.

Federal income taxes

     The effective tax rate for NCRIC is lower than the federal  statutory  rate
principally due to nontaxable investment income.

<TABLE>
<CAPTION>
                                                  Three Months Ended June 30,      Six Months Ended June 30,
                                                  ---------------------------      -------------------------
                                                       2000       1999                   2000      1999
                                                       ----       ----                   ----      ----

<S>                                                     <C>        <C>                    <C>        <C>
Federal income tax at statutory rates. . . . .          34%        34%                    34%        34%
Tax exempt income. . . . . . . . . . . . . . .          (4)        (8)                    (4)       (13)
Dividends received. . . . . . . . . . . . . .           (1)        (3)                    (1)        (3)
Goodwill amortization. . . . . . . . . . . . .           1          3                      1          3
Other, net. . . . . . . . . . . . . . . . . .            1          1                      1          -
                                                       ----       ----                   ----       ----
Federal income tax at effective rates. . . . .          31%        27%                    31%        21%
                                                       ====       ====                   ====       ====
</TABLE>
<PAGE>

Financial condition, liquidity and capital resources

     Liquidity.  The primary  sources of liquidity are insurance  premiums,  net
investment income,  practice management and financial services fees,  recoveries
from reinsurers and proceeds from the maturity or sale of invested assets. Funds
are used to pay claims, LAE, operating expenses, reinsurance premiums and taxes,
and to purchase investments.

     For the six  months  ended  June  30,  2000,  NCRIC  had cash  provided  by
operations of $1.0 million compared to $6.8 million for the corresponding period
of 1999.  The decreased  cash flow in 2000  compared to 1999 resulted  primarily
from higher payments of losses and LAE.  Additionally,  due to the staggering of
policy renewals away from the previous January 1 renewal date, premiums received
in the first half of 2000 were lower than in the first half of 1999.  Because of
the  long-term  nature of both the  payments  of claims  and the  settlement  of
swing-rated reinsurance premiums due to the reinsurers, cash from operations for
a medical professional  liability insurer like NCRIC can vary substantially from
year to year.


                                       13
<PAGE>
     Financial  condition and capital  resources.  Cash flow from operations has
primarily been invested in investment grade, fixed maturity securities. Maturing
investments  were  primarily   invested  in  corporate  bonds  and  asset-backed
securities.  As of June 30, 2000, the carrying value of the securities portfolio
was $98.1  million,  an increase of $3.0  million from  December  31, 1999.  The
portfolio was invested as follows:

<TABLE>
<CAPTION>
                                                       At June 30,   At December 31,
                                                          2000            1999
                                                       -----------   ---------------
<S>                                                        <C>             <C>
U.S. Government and agencies. . . . . . . . . . . . .      14%             15%
Asset-backed and mortgage-backed securities . . . . .      38              40
Tax-exempt securities. . . . . . . . . . . . . . . .       15              14
Corporate bonds and preferred stocks. . . . . . . . .      33              31
</TABLE>

     Over 72% of the portfolio was invested in U.S. Government/agency securities
or had a rating of AAA or AA. For  regulatory  purposes,  95% of the  securities
portfolio  was rated "Class 1" for all periods  presented,  which is the highest
quality rated group as classified by the NAIC.

     NCRIC has no corporate  debt. The $2.5 million line of credit  available as
of June 30, 2000 is restricted to working  capital for claims  settlements.  The
line of credit is unsecured and renewable annually.  NCRIC has not drawn down on
this  facility.  As of June 30,  2000,  NCRIC had  entered  into a  contract  to
purchase new policy  administration  system software;  future payments under the
contract  are  required  as  services  are  completed  by the  vendor  and total
$326,000. NCRIC has no other material commitments for capital expenditures.

Effects of inflation

     The primary  effect of  inflation  on NCRIC is in  estimating  reserves for
unpaid losses and LAE for medical  professional  liability claims in which there
is a long period  between  reporting and  settlement.  The rate of inflation for
malpractice  claim  settlements  can  substantially  exceed the general  rate of
inflation.  The  actual  effect  of  inflation  on  NCRIC's  results  cannot  be
conclusively known until claims are ultimately settled.  Based on actual results
to  date,  NCRIC  believes  that  losses  and LAE  reserve  levels  and  NCRIC's
ratemaking process adequately incorporate the effects of inflation.

Forward-Looking Information

     A number of statements  made by NCRIC in this document are  forward-looking
statements  which involve known and unknown  risks and  uncertainties  which may
cause NCRIC's actual results to be materially  different from historical results
or from the  results  expressed  or implied by the  forward-looking  statements.
These risks and uncertainties include:

o    general  economic  conditions  including  changes in interest rates and the
     performance of financial markets;
o    NCRIC,  Inc.'s  concentration in a single line of business primarily in the
     District of Columbia;
o    the impact of managed healthcare;
o    uncertainties  inherent in the estimate of loss and loss adjustment expense
     reserves and reinsurance;
o    price competition;
o    uncertainties  associated  with  expanding  business  in new market  areas,
     including uncertainties associated with claims adjudication experience;
o    regulatory changes;
o    ratings assigned by A.M. Best;
o    the availability of bank financing and reinsurance;
o    the mutual insurance holding company structure; and
o    uncertainties associated with NCRIC Group's acquisition strategy.


                                       14
<PAGE>
     Other factors not currently  anticipated by management may also  materially
and adversely affect NCRIC's results of operations.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

     Interest  rate  changes  expose  NCRIC  to  market  risk on its  investment
portfolio.  This market risk is the potential  for  financial  losses due to the
decrease in the value or price of an asset  resulting  from broad  movements  in
prices,  such as interest rates.  In general,  the market value of NCRIC's fixed
maturity  portfolio  increases  or  decreases  in an inverse  relationship  with
fluctuation  in interest  rates.  In  addition,  NCRIC's net  investment  income
increases or decreases in a direct  relationship  with  interest rate changes on
monies reinvested from maturing securities and investments of positive cash flow
from operating activities.

     NCRIC has classified its investments, which are fixed-income securities, as
available  for sale and reports them at fair value,  with  unrealized  gains and
losses  excluded  from net income and  reported,  net of  deferred  taxes,  as a
component of stockholders'  equity. During periods of rising interest rates, the
fair value of NCRIC's  investment  portfolio will generally decline resulting in
decreases in NCRIC's stockholders' equity. Conversely, during periods of falling
interest rates,  the fair value of NCRIC's  investment  portfolio will generally
increase resulting in increases in NCRIC's stockholders' equity.

     NCRIC's  investment   portfolio  of  fixed  maturity   securities  consists
primarily of intermediate-term,  investment-grade securities. NCRIC's investment
policy  provides that all security  purchases be limited to rated  securities or
unrated  securities  approved by  management  on the  recommendation  of NCRIC's
investment advisor.

     The following table contains the investment quality distribution of NCRIC's
fixed maturity investments at June 30, 2000 and December 31, 1999.

<TABLE>
<CAPTION>
                                             At June 30,    At December
Type/Ratings of Investment                      2000         31, 1999
--------------------------                   -----------    -----------

<S>                                             <C>            <C>
Treasury/Agency . . . . . . . . . . . . .       31%            28%
AAA . . . . . . . . . . . . . . . . . . .       35             40
AA . . . . . . . . . . . . . . . . . . .         6              7
A . . . . . . . . . . . . . . . . . . . .       23             21
BBB . . . . . . . . . . . . . . . . . . .        5              4
</TABLE>

     During the six months ended June 30, 2000, NCRIC experienced a reduction in
the net unrealized  loss on  investments  to an unrealized  loss, net of tax, of
$2.7  million at June 30,  2000 from an  unrealized  loss,  net of tax,  of $2.9
million at December 31, 1999.

PART II   OTHER INFORMATION

Item 1.  Legal proceedings.

     See the Form  10-KSB  for the  fiscal  year  ended  December  31,  1999 for
information on pending litigation.

Item 4.  Submission of Matters to a Vote of Security Holders

(a)  The Annual Meeting of Shareholders  of NCRIC Group,  Inc. took place on May
     9, 2000.
(b)  The following directors were elected and received the following votes:


                                       15
<PAGE>

                          Number of Votes
                          ---------------
Name                      For       Withheld
----                      ---       --------
R. Ray Pate, Jr.       3,452,877     32,772
Leonard M. Glassman    3,452,877     32,772
Prudence P. Kline      3,452,877     32,772
Edward G. Koch         3,452,877     32,772
Raymond Scalettar      3,452,877     32,772
David M. Seitzman      3,452,877     32,772
Robert L. Simmons      3,452,877     32,772

The following directors continued in office:

   Vincent C. Burke, III     Pamela W. Coleman
   Luther W. Gray            J. Paul McNamara
   Leonard Parver            Nelson P. Trujillo

Item 6. Exhibits and Reports on Form 8-K.

(a)   Exhibit 27........   Financial Data Schedule

(b)   Reports on Form 8-K
      NCRIC  Group,  Inc. did not file any reports on Form 8-K during the
      quarter ended June 30, 2000.


SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  caused  this  report to be signed on its behalf by the  undersigned,
thereunto duly authorized.

                         NCRIC Group, Inc.


August 10, 2000          /s/  R. Ray Pate, Jr.
                         -----------------------------------------------------
                         R. Ray Pate, Jr., President & Chief Executive Officer
                         (Duly Authorized Officer)

August 10, 2000          /s/  Rebecca B. Crunk
                         -----------------------------------------------------
                         Rebecca B. Crunk, Sr. Vice President & Chief Financial
                         Officer
                         (Principal Financial Officer)



                                       16