Emergency Cap Mgmt LLC A RRG
Major Rating Factors:
Fair reserve development (4.3 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2024 the one year reserve development was 21.2% deficient. Fair profitability index (3.3) with operating losses during 2021, 2022 and 2024. Average return on equity over the last five years has been poor at -1.8%. Fair overall results on stability tests (3.1) including weak results on operational trends, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 6.8% of capital.
Other Rating Factors:
Fair long-term capitalization index (4.9) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Med mal (100.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (88.4%), common stock (10.6%), cash (0.7%), other (0.4%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
100 Bank Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(802) 862-4400
NAIC Number
14163
Website
Largest Affiliates
No affiliate information available.