Major Rating Factors:
Fair reserve development (4.2 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2021 the two year reserve development was 17.4% deficient. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Excellent profitability index (7.9).
Other Rating Factors:
Excellent liquidity (7.3) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.2). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.0% of capital.
Stability Factors:
Principal Lines of Business:
Other (100%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (77.2%), common stock (8.7%), cash (0.2%), other (13.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
7700 Wisconsin Avenue
Bethesda, MD 20814
Bethesda, MD 20814
Phone Number
(301) 907-4908
NAIC Number
10020
Website
Largest Affiliates
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