Cruden Bay RRG Inc
Major Rating Factors:
Weak profitability index (1.4 on a scale of 0 to 10) with operating losses during 2020, 2022 and 2023. Average return on equity over the last five years has been poor at -25.3%. Weak overall results on stability tests (2.4) including weak risk adjusted capital in prior years and weak risk diversification. The largest net exposure for one risk is excessive at 13.2% of capital. Fair long-term capitalization index (3.2) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023.
Other Rating Factors:
Ample reserve history (9.8) that helps to protect the company against sharp claims increases. Good liquidity (7.0) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (99.5%), other (0.5%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (65.5%), common stock (19.0%), cash (0.3%), other (15.3%)
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
126 College Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(802) 229-5042
NAIC Number
11676
Website
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Largest Affiliates
No affiliate information available.