C
MCIC VT (A Reciprocal RRG)
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Assets
Capital
Net
Premiums
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Major Rating Factors: Fair profitability index (4.4 on a scale of 0 to 10) with operating losses during 2022. Fair long-term capitalization index (4.1) based on good 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 liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests.
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%)
Ratios
Premium to Surplus
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2-Year Reserve Development
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Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
100 Bank Street
Burlington, VT 05401
Phone Number
(847) 442-0127
NAIC Number
10697
Largest Affiliates
No affiliate information available.