Major Rating Factors:
Fair overall results on stability tests (3.8 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2023. The largest net exposure for one risk is conservative at 1.5% of capital. Good overall profitability index (6.8) despite operating losses during 2019. Return on equity has been good over the last five years, averaging 11.3%. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.9) 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (98.6%), other (1.4%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (90.1%), common stock (6.4%), cash (2.8%), other (0.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
58 East View Lane
Barre, VT 05641
Barre, VT 05641
Phone Number
(802) 479-7802
NAIC Number
10353
Website
Largest Affiliates
No affiliate information available.