PACE RRG Inc
Major Rating Factors:
Vulnerable liquidity (2.5 on a scale of 0 to 10) as a spike in claims may stretch capacity. Weak overall results on stability tests (2.0) including weak risk adjusted capital in prior years, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is excessive at 10.5% of capital. Good long-term capitalization index (5.9) based on good current risk adjusted capital (moderate loss scenarios), although results have slipped from the fair range during the last year.
Other Rating Factors:
Fair profitability index (3.7) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -1.8%. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (93.4%), other (6.6%)
Licensed in:
VT
Principal Investments:
Common stock (21.1%), other (78.9%)
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
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Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
100 Bank Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(847) 442-0095
NAIC Number
11575
Website
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Largest Affiliates
No affiliate information available.