Major Rating Factors:
Weak overall results on stability tests (0.6 on a scale of 0 to 10) including negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 24.5% of capital. History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (8.7) despite modest operating losses during the first six months of 2025. Return on equity has been good over the last five years, averaging 11.6%. Superior liquidity (10.0) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (77.4%), cash (17.3%), common stock (5.2%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
209 Route 35
Athens, VT 05143
Athens, VT 05143
Phone Number
(802) 349-4497
NAIC Number
14032
Website
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Largest Affiliates
No affiliate information available.