Major Rating Factors:
Weak overall results on stability tests (2.5 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 12.3% of capital. Good long-term capitalization index (5.7) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good overall profitability index (5.9) despite operating losses during 2022.
Other Rating Factors:
Ample reserve history (7.8) that can protect against increases in claims costs. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Product liab. (3.0%), other (97.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (63.3%), common stock (32.1%), cash (1.2%), other (3.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
209 Route 35
Athens, VT 05143
Athens, VT 05143
Phone Number
(802) 862-4400
NAIC Number
10476
Website
Largest Affiliates
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