Victory Ins Co
Major Rating Factors:
Poor long-term capitalization index (1.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (2.1) that places pressure on both capital and profits. In 2024 and 2025 the two year reserve development was 26.6% and 52.5% deficient respectively. Vulnerable liquidity (0.6) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (2.5) including weak risk adjusted capital in prior years, weak risk diversification and negative cash flow from operations for 2025. Fair profitability index (2.9) with operating losses during 2022, 2023 and 2025.
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.
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
MT
Principal Investments:
Cash (93.2%), other (6.8%)
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
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