First Medical Ins Co (A RRG)
Major Rating Factors:
Fair profitability index (2.9 on a scale of 0 to 10) with operating losses during 2022 and 2024. Average return on equity over the last five years has been poor at -0.3%. Good long-term capitalization index (6.9) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2022. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall results on stability tests (5.3) despite negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
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:
Med mal (96.7%), other (3.3%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (76.3%), common stock (17.2%), cash (5.2%), non investment grade bonds (1.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
463 Mountain View Drive
Colchester, VT 05404
Colchester, VT 05404
Phone Number
(802) 864-5599
NAIC Number
11278
Website
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Largest Affiliates
No affiliate information available.