Risk retention groups remain financially stable and have adequate capital, says an analysis of 239 RRGs released Monday.
The risk retention groups reported a 92.6% combined ratio for the first half of 2017 vs. 97.3% for the comparable period a year ago, according to the analysis by Douglas A. Powell, senior financial analyst at Dublin, Ohio-based financial analysis firm Demotech Inc.
The first half’s combined ratio reflects a 73.5% loss ratio and a 19.1% expense ratio, says the report.
The groups also reported $1.1 billion of net premiums written for the first half of this year, a 7.1% decrease from the comparable period in 2016.
Risk retention groups “have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses,” says the report.
Risk retention groups reported stable financial results for the third quarter of 2015, says a report issued Wednesday.