Recreation RRG Inc
Major Rating Factors:
Poor long-term capitalization index (1.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Vulnerable liquidity (1.8) as a spike in claims may stretch capacity. Weak overall results on stability tests (2.0) including weak risk adjusted capital in prior years, weak risk diversification and excessive premium growth. The largest net exposure for one risk is excessive at 11.2% of capital.
Other Rating Factors:
Fair reserve development (4.7) as the level of reserves has at times been insufficient to cover claims. In 2021 and 2022 the two year reserve development was 26.2% and 40.0% deficient respectively. Fair profitability index (2.9) with operating losses during 2021, 2022 and 2023.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
VT
Principal Investments:
Common stock (37.2%), investment grade bonds (16.0%), cash (6.7%), other (40.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
27 Main Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(603) 504-8346
NAIC Number
15905
Website
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