Poseidon Mrtg Guaranty Co
Major Rating Factors:
Fair reserve development (3.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.3) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -4.5%. Weak overall results on stability tests (2.6) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2023.
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:
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:
Reinsurance (100.0%)
Licensed in:
AZ, CA, CT, DC, IA, ID, IL, KY, NC, NY, OR, WI
Principal Investments:
Cash (69.1%), investment grade bonds (30.8%), other (0.1%)
Corporate Info
Group Affiliation
Mayim Investment Holdings Inc
Investment Rating
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Company Address
100 Bank Street
Burlington, VT 05401
Burlington, VT 05401
Phone Number
(802) 264-4400
NAIC Number
40525
Website
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Largest Affiliates