Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.6) with operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Fair overall results on stability tests (4.0) including excessive premium growth, negative cash flow from operations for 2024 and lack of operational experience.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
F - Negative cash flow.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
All states except DE, ID, IL, ME, MN, ND, NY, OR, SC, WA
Principal Investments:
Investment grade bonds (49.4%), cash (1.1%), other (49.5%)
Corporate Info
Group Affiliation
Trupanion Inc
Investment Rating
Company Address
6100 4th Avenue S
Seattle, WA 98108
Seattle, WA 98108
Phone Number
(888) 612-1138
NAIC Number
17044
Website
Largest Affiliates