NCMIC Risk Retention Group Inc
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including negative cash flow from operations for 2024. Strengths include potentially strong support from affiliation with National Chiropractic Mutual Holding Co. The largest net exposure for one risk is acceptable at 2.0% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (9.1). Excellent expense controls. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (83.9%), cash (5.4%), other (10.8%)
Corporate Info
Group Affiliation
National Chiropractic Mutual Holding Co
Investment Rating
--
Company Address
463 Mountain View Drive
Colchester, VT 05446
Colchester, VT 05446
Phone Number
(802) 861-2930
NAIC Number
14130
Website
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