Victory Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (2.8) that places pressure on both capital and profits. In 2024 and 2023 the one year reserve development was 25.8% and 29.0% deficient respectively. Weak profitability index (1.9) with operating losses during 2020, 2022 and 2023. Average return on equity over the last five years has been poor at -23.5%.
Other Rating Factors:
Vulnerable liquidity (2.7) as a spike in claims may stretch capacity. Weak overall results on stability tests (2.2) including weak risk adjusted capital in prior years, weak risk diversification and negative cash flow from operations for 2024.
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
MT
Principal Investments:
Cash (82.2%), other (17.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
605 Bridge Street
Miles City, MT 59301
Miles City, MT 59301
Phone Number
(406) 234-2585
NAIC Number
12900
Website
Largest Affiliates
No affiliate information available.