Major Rating Factors:
Poor long-term capitalization index (0.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (1.8) with operating losses during 2021, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -13.1%. Weak overall results on stability tests (0.0) including weak risk diversification, weak results on operational trends and weak risk adjusted capital in prior years.
Other Rating Factors:
History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
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 (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (77.9%), cash (7.1%), common stock (1.7%), preferred stock (0.5%), non investment grade bonds (0.1%), other (12.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
58 East View Lane
Barre, VT 05641
Barre, VT 05641
Phone Number
(941) 373-1116
NAIC Number
11825
Website
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Largest Affiliates
No affiliate information available.