Pinnacle Actuarial Resources (Pinnacle) has released its 2022 Risk Retention Group Benchmarking Study. The report, which provides a comprehensive breakdown of RRG financials, finds that, collectively, risk retention groups tend to be better capitalized than the overall insurance industry. The report also provides insights into RRG investment patterns and RRG activity across different non-domiciliary states.
“There has been a noticeable growth in the size of RRGs since 2014,” as per the report which was written by a team at Pinnacle that includes Gregory W. Fears, Jr., FCAS, MAAA, ARM; Erich A. Brandt, FCAS, MAAA; Robert J. Walling III, FCAS, MAAA, CERA; and Brittany L. Henrich, ACAS, MAAA. “This is borne out in increases in both premium and assets. With additional assets, there has been an increase in the amount invested in common stocks generating an increase in investment income.”
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