Crystal Run Reciprocal RRG
Major Rating Factors:
Weak profitability index (2.3 on a scale of 0 to 10) with operating losses during 2020, 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -4.5%. Weak overall results on stability tests (2.1) including weak risk adjusted capital in prior years, weak risk diversification and negative cash flow from operations for 2024. Good long-term capitalization index (5.5) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
Fair reserve development (5.0) as reserves have generally been sufficient to cover claims. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
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:
Reinsurance (100.0%)
Licensed in:
VT
Principal Investments:
Cash (53.3%), common stock (28.5%), other (18.2%)
Corporate Info
Group Affiliation
Crystal Run Reciprocal Risk Retention Group
Investment Rating
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Company Address
159 Bank Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(802) 860-1958
NAIC Number
13655
Website
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Largest Affiliates
No affiliate information available.