Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including excessive premium growth, negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 8.9% of capital. Good overall profitability index (5.1) despite operating losses during 2021. Excellent expense controls. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Ample reserve history (7.9) that can protect against increases in claims costs.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (83.6%), cash (2.2%), other (14.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
135 Allen Brook Lane
Williston, VT 05495
Williston, VT 05495
Phone Number
(615) 982-5104
NAIC Number
10934
Website
Largest Affiliates
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