Major Rating Factors:
Poor long-term capitalization index (0.8 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 (2.4) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is acceptable at 2.1% of capital. Fair profitability index (4.4) with operating losses during 2020 and 2024. Return on equity has been fair, averaging 6.0% over the past five years.
Other Rating Factors:
History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.2) 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:
Med mal (100.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (65.0%), common stock (22.6%), non investment grade bonds (7.7%), cash (1.2%), other (3.5%)
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
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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
No affiliate information available.