Vault E&S Ins Co
Major Rating Factors:
Good overall profitability index (5.4 on a scale of 0 to 10) despite operating losses during 2021 and 2022. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.2) despite excessive premium growth. The largest net exposure for one risk is high at 3.2% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (78.0%), personal/comm auto (4.6%), other (17.3%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (90.8%), cash (1.0%), non investment grade bonds (0.8%), other (7.4%)
Corporate Info
Group Affiliation
Cornell Capital GP II GP LLC
Investment Rating
--
Company Address
300 First Avenue, South
Saint Petersburg, FL 33701
Saint Petersburg, FL 33701
Phone Number
(844) 368-2858
NAIC Number
16237
Website
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