Affiliates Ins Recpl A RRG
Major Rating Factors:
Weak overall results on stability tests (2.8 on a scale of 0 to 10) including negative cash flow from operations for 2024 and weak risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital. Good overall profitability index (5.7) despite operating losses during 2022. Excellent expense controls. Return on equity has been fair, averaging 5.3% over the past five years. Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. 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.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (71.4%), other (28.6%)
Licensed in:
VT
Principal Investments:
Common stock (54.3%), investment grade bonds (22.3%), cash (12.3%), non investment grade bonds (2.2%), preferred stock (0.3%), other (8.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
30 Main Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(802) 658-9405
NAIC Number
13677
Website
Largest Affiliates
No affiliate information available.