Richmond Natl Ins Co
Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.2) that can protect against increases in claims costs.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.6). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital.
Stability Factors:
E - Lack of operating experience.
G - Fast asset or premium growth.
Principal Lines of Business:
Fire (8.8%), med mal (6.8%), product liab. (0.2%), other (84.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (90.4%), cash (2.4%), other (7.2%)
Corporate Info
Group Affiliation
Richmond National Services Inc
Investment Rating
--
Company Address
11013 West Broad Street
Glen Allen, VA 23060
Glen Allen, VA 23060
Phone Number
(804) 256-0525
NAIC Number
17103
Website
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