Champlain Spclty Ins Co
Major Rating Factors:
Fair reserve development (3.2 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2020 and 2021 the two year reserve development was 52.0% and 109.5% deficient respectively. Fair overall results on stability tests (3.7) including weak results on operational trends. The largest net exposure for one risk is acceptable at 2.1% of capital. Good profitability index (5.0) with operating losses during 2020 and 2021. Return on equity has been low, averaging 1.2% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Superior liquidity (9.5) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (74.3%), cash (19.4%), non investment grade bonds (0.2%), other (6.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
900 Elm Street
Manchester, NH 03101
Manchester, NH 03101
Phone Number
(800) 341-3017
NAIC Number
16834
Website
Largest Affiliates
No affiliate information available.