Major Rating Factors:
Poor long-term capitalization index (1.2 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak overall results on stability tests (2.6) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is high at 3.1% of capital. Fair profitability index (4.9) with operating losses during 2024.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (7.3) that can protect against increases in claims costs.
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:
Med mal (100.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (59.3%), common stock (22.6%), non investment grade bonds (7.7%), cash (1.5%), other (9.0%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
58 East View Lane
Barre, VT 05641
Barre, VT 05641
Phone Number
(802) 223-2200
NAIC Number
15908
Website
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Largest Affiliates
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