Controlled Risk Ins Co VT (A R
Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.8) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good operational trends and good risk diversification. Fair profitability index (3.7) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -0.2%.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (84.1%), non investment grade bonds (0.1%), other (15.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
100 Bank Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(802) 862-4400
NAIC Number
10341
Website
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Largest Affiliates
No affiliate information available.