Nuovo Indemnity RRG Inc
Major Rating Factors:
Poor long-term capitalization index (1.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Weak profitability index (0.8) with operating losses during 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -19.1%. Weak overall results on stability tests (0.0) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 78.5% of capital.
Other Rating Factors:
Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 59.3% deficient. Superior liquidity (10.0) 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.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
VT
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
463 Montain View Drive
Colchester, VT 05446
Colchester, VT 05446
Phone Number
(802) 864-5599
NAIC Number
16699
Website
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Largest Affiliates
No affiliate information available.