Trinity Risk Solutions Recpl
Major Rating Factors:
Fair long-term capitalization index (4.7 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios) reflecting improvement over results in 2022. Weak overall results on stability tests (1.2) including weak risk adjusted capital in prior years, weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 18.8% of capital. Fair reserve development (4.6) as the level of reserves has at times been insufficient to cover claims. In 2020 and 2022 the one year reserve development was 24.4% and 31.4% deficient respectively.
Other Rating Factors:
Fair profitability index (4.3) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -0.6%. Excellent liquidity (7.9) 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.
F - Negative cash flow.
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 (75.0%), other (25.0%)
Licensed in:
DC
Principal Investments:
Investment grade bonds (73.7%), cash (4.1%), other (22.2%)
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
Largest Affiliates
No affiliate information available.