Patrons Co-op Fire Ins Co
Major Rating Factors:
Strong long-term capitalization index (9.7 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. Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.7) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital. Fair profitability index (3.9) with operating losses during 2024. Return on equity has been low, averaging 1.2% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (31.5%), comm multi (26.8%), personal/comm auto (25.8%), farmowners (11.0%), fire (1.6%), other (3.3%)
Licensed in:
NH, VT
Principal Investments:
Investment grade bonds (71.9%), common stock (19.1%), non investment grade bonds (2.7%), cash (1.0%), real estate (0.4%), other (4.9%)
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
Largest Affiliates
No affiliate information available.