D
Cassatt RRG Inc
Rating Date
October 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Weak overall results on stability tests (2.0) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims.
Other Rating Factors: Fair profitability index (4.6) with operating losses during 2021, 2022 and the first six months of 2025. Return on equity has been low, averaging 1.2% over the past five years. Good liquidity (7.0) 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. D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. G - Fast asset or premium growth. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Med mal (97.1%), other (2.9%)
Licensed in: VT
Principal Investments: Common stock (58.1%), cash (31.0%), other (10.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
30 Main Street
Burlington, VT 05401
Phone Number
(610) 296-2558
NAIC Number
10808
Largest Affiliates
No affiliate information available.