Mtn States Hlthcr Recpl RRG
Major Rating Factors:
Poor long-term capitalization index (1.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range during the last year. Weak profitability index (2.1) with operating losses during 2020, 2021, 2022, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -14.9%. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is excessive at 64.9% of capital.
Other Rating Factors:
Fair reserve development (4.8) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 55.0% deficient. Good liquidity (6.5) 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.
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 (97.0%), other (3.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (75.1%), common stock (12.3%), cash (12.0%), non investment grade bonds (0.6%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
38 Eastwood Drive
South Burlington, VT 05403
South Burlington, VT 05403
Phone Number
(802) 658-9466
NAIC Number
11585
Website
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Largest Affiliates
No affiliate information available.