WellSpan Reciprocal RRG
Major Rating Factors:
Fair long-term capitalization index (3.2 on a scale of 0 to 10) based on weak current risk adjusted capital (moderate loss scenarios). A history of deficient reserves (0.4) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 34.2% and 123.0% deficient. Weak profitability index (2.6) with operating losses during 2021, 2023, 2024 and 2025.
Other Rating Factors:
Weak overall results on stability tests (2.7) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 11.5% of capital. Good liquidity (5.3) 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.
Principal Lines of Business:
Med mal (97.5%), other (2.5%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (92.8%), other (7.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
463 Mountain View
Colchester, VT 05446
Colchester, VT 05446
Phone Number
(802) 864-6118
NAIC Number
11682
Website
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