Patrons Co-op Fire Ins Co
Major Rating Factors:
Strong long-term capitalization index (9.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (7.0). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital.
Other Rating Factors:
Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.4) with operating losses during 2024.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (30.5%), comm multi (29.2%), personal/comm auto (24.9%), farmowners (10.7%), fire (1.5%), other (3.2%)
Licensed in:
NH, VT
Principal Investments:
Investment grade bonds (68.9%), common stock (20.2%), cash (3.9%), real estate (0.3%), other (6.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
292 Colonial Drive
Middlebury, VT 05753
Middlebury, VT 05753
Phone Number
(802) 388-7917
NAIC Number
18686
Website
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