Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (2.3) that places pressure on both capital and profits. In 2022 and 2024 the one year reserve development was 31.7% and 41.5% deficient respectively. Weak profitability index (2.8) with operating losses during 2021, 2024 and the first six months of 2025.
Other Rating Factors:
Weak overall results on stability tests (2.1) including weak risk diversification, weak results on operational trends and lack of operational experience. 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.
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (95.0%), other (5.0%)
Licensed in:
VT
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
135 Allen Brook Lane
Williston, VT 05495
Williston, VT 05495
Phone Number
(615) 982-5137
NAIC Number
16965
Website
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Largest Affiliates
No affiliate information available.