Rockingham Casualty Co
Major Rating Factors:
Poor long-term capitalization index (0.7 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Vulnerable liquidity (2.2) as a spike in claims may stretch capacity. Fair reserve development (3.0) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 29.0% deficient.
Other Rating Factors:
Fair profitability index (3.3) with operating losses during each of the last five years. Fair overall results on stability tests (2.9) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.8% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Personal/comm auto (59.1%), homeowners (13.8%), comm multi (7.3%), farmowners (4.2%), fire (2.5%), other (13.2%)
Licensed in:
PA, VA
Principal Investments:
Investment grade bonds (87.9%), cash (9.1%), other (3.0%)
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
42595
Website
Largest Affiliates