IQS Ins RRG Inc
Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including weak risk diversification and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 73.4% of capital. Fair profitability index (4.8) with operating losses during 2020 and 2022. Return on equity has been fair, averaging 15.8% over the past five years. History of adequate reserve strength (5.3) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (97.6%), other (2.4%)
Licensed in:
VT
Principal Investments:
Cash (100.0%)
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
15080
Website
Largest Affiliates
No affiliate information available.