Pinnacle Consortium of Higher
Major Rating Factors:
Poor long-term capitalization index (1.4 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Weak overall results on stability tests (2.8) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 10.9% of capital. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 35.0% deficient.
Other Rating Factors:
Fair profitability index (2.9) with operating losses during 2022 and 2024. Good liquidity (6.8) 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.
Principal Lines of Business:
Other (100%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (64.7%), common stock (21.0%), cash (10.4%), non investment grade bonds (3.6%), preferred stock (0.3%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
463 Mountain View Drive
Colchester, VT 05446
Colchester, VT 05446
Phone Number
(802) 864-5599
NAIC Number
11980
Website
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Largest Affiliates
No affiliate information available.