COMCARE PRO Ins (A Recpl RRG)
Major Rating Factors:
Poor long-term capitalization index (2.2 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2024. Weak profitability index (0.4) with operating losses during 2020 and 2024. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (1.0) including weak results on operational trends, excessive premium growth and weak risk diversification. The largest net exposure for one risk is excessive at 8.8% of capital. Fair reserve development (3.9) as the level of reserves has at times been insufficient to cover claims. In 2020 and 2021 the two year reserve development was 59.7% and 84.3% deficient respectively.
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.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
(No states)
Principal Investments:
Cash (50.3%), common stock (37.8%), investment grade bonds (1.2%), other (10.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
30 Main Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(802) 658-9405
NAIC Number
11864
Largest Affiliates
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