Recreation RRG Inc
Major Rating Factors:
Poor long-term capitalization index (1.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). Weak profitability index (2.7) with operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -10.9%. Weak overall results on stability tests (1.9) including weak risk adjusted capital in prior years and weak risk diversification. The largest net exposure for one risk is excessive at 12.8% of capital.
Other Rating Factors:
Fair reserve development (4.3) 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. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (51.1%), cash (5.8%), common stock (4.1%), other (38.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
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
Largest Affiliates
No affiliate information available.