MCIC VT (A Reciprocal RRG)
Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2022. Fair long-term capitalization index (4.6) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall results on stability tests (5.8) despite weak risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.8% of capital. Stability strengths include good operational trends and excellent risk diversification. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (96.0%), other (4.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (40.0%), common stock (22.7%), non investment grade bonds (4.2%), other (33.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
100 Bank Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(847) 442-0127
NAIC Number
10697
Website
Largest Affiliates
No affiliate information available.