Graco RRG Inc
Major Rating Factors:
Weak overall results on stability tests (1.0 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and weak risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.5) with operating losses during 2020, 2021, 2022 and 2023. Return on equity has been low, averaging 0.2% over the past five years.
Other Rating Factors:
Good long-term capitalization index (6.0) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. 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.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
SC
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
P.O. Box 22556
Charleston, SC 29413
Charleston, SC 29413
Phone Number
(843) 743-2682
NAIC Number
11581
Website
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Largest Affiliates
No affiliate information available.