Fredericksburg Prof Risk
Major Rating Factors:
Poor long-term capitalization index (2.2 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Fair profitability index (4.9) with operating losses during 2022. Fair overall results on stability tests (3.3) including weak risk adjusted capital in prior years and excessive premium growth.
Other Rating Factors:
History of adequate reserve strength (5.3) as reserves have been consistently at an acceptable level. 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.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (54.8%), common stock (25.9%), cash (17.4%), other (1.8%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
463 Mounatin View Drive
Colchester, VT 05446
Colchester, VT 05446
Phone Number
(802) 864-5599
NAIC Number
12016
Website
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Largest Affiliates
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