Rockingham Ins Co
Major Rating Factors:
Poor long-term capitalization index (1.5 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 fair range during the last year. Fair reserve development (4.0) as reserves have generally been sufficient to cover claims. Fair profitability index (3.2) with operating losses during 2022, 2023 and the first six months of 2025. Return on equity has been low, averaging 0.4% over the past five years.
Other Rating Factors:
Fair overall results on stability tests (3.2) including weak results on operational trends, weak risk adjusted capital in prior years and negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.3% of capital. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (29.0%), homeowners (28.8%), comm multi (12.2%), farmowners (9.0%), fire (4.5%), other (16.6%)
Licensed in:
VA
Principal Investments:
Investment grade bonds (64.4%), common stock (29.1%), cash (2.2%), real estate (0.8%), other (3.5%)
Corporate Info
Group Affiliation
Rockingham Mutual Group Inc
Investment Rating
--
Company Address
633 East Market Street
Harrisonburg, VA 22801
Harrisonburg, VA 22801
Phone Number
(540) 434-5344
NAIC Number
10214
Website
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