MCIC VT (A Reciprocal RRG)
Major Rating Factors:
Fair profitability index (4.4 on a scale of 0 to 10) with operating losses during 2022. Good long-term capitalization index (5.9) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.1) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is high at 3.3% of capital. Stability strengths include good operational trends and excellent risk diversification. Ample reserve history (7.5) that can protect against increases in claims costs.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
Principal Lines of Business:
Med mal (96.0%), other (4.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (34.5%), common stock (21.4%), non investment grade bonds (4.0%), cash (1.4%), other (38.6%)
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.