Trinity Risk Solutions Recpl
Major Rating Factors:
Fair long-term capitalization index (4.5 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios). Weak overall results on stability tests (1.2) including weak risk adjusted capital in prior years and weak risk diversification. The largest net exposure for one risk is excessive at 19.2% of capital. Fair reserve development (4.5) as the level of reserves has at times been insufficient to cover claims. In 2022 the one year reserve development was 31.4% deficient.
Other Rating Factors:
Fair profitability index (4.5) with operating losses during 2021 and 2022. Good liquidity (6.6) 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.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Med mal (75.0%), other (25.0%)
Licensed in:
DC
Principal Investments:
Investment grade bonds (57.9%), cash (15.6%), common stock (3.6%), other (23.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
Washington Square
Washington, DC 20036
Washington, DC 20036
Phone Number
(802) 479-7802
NAIC Number
11958
Website
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