COMHS RRG LLC IC
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), although results have slipped from the good range over the last two years. A history of deficient reserves (1.7). Underreserving can have an adverse impact on capital and profits. In 2023 and 2024 the two year reserve development was 16.8% and 78.4% deficient respectively. Weak profitability index (2.5) with operating losses during 2021 and 2023.
Other Rating Factors:
Weak overall results on stability tests (1.2) including weak risk diversification, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 19.0% of capital. Excellent liquidity (7.0) 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 (100.0%)
Licensed in:
DC
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
140 Kennedy Drive
South Burlington, VT 05403
South Burlington, VT 05403
Phone Number
(704) 945-6620
NAIC Number
17061
Website
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Largest Affiliates
No affiliate information available.