States Self-Insurers RRG Inc
Major Rating Factors:
Poor long-term capitalization index (1.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (2.2) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -13.9%. Weak overall results on stability tests (2.2) including weak risk adjusted capital in prior years, weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 13.9% of capital.
Other Rating Factors:
Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. In 2023 the two year reserve development was 27.1% deficient. Excellent liquidity (8.3) 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (64.2%), common stock (19.8%), cash (11.5%), other (4.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
222 South Ninth Street
Minneapolis, MN 55402
Minneapolis, MN 55402
Phone Number
(612) 766-3000
NAIC Number
44075
Website
Largest Affiliates
No affiliate information available.