CRICO (A Reciprocal RRG)
Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10). Good long-term capitalization index (5.9) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023. History of adequate reserve strength (5.4) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
E - Lack of operating experience.
Principal Lines of Business:
Med mal (89.0%), other (11.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (46.7%), common stock (15.0%), cash (2.2%), other (36.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
100 Bank Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(802) 652-1571
NAIC Number
17491
Website
Largest Affiliates
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