Vermont Releases 2023 Captive Insurance Aggregate Report
July 10, 2024
The Vermont Department of Financial Regulation (DFR) has published the Captive Insurance Division 2023 Aggregate Report, now available for download on its website. The report compiles data from the fiscal year-end 2023 annual statement financial reports of all licensed captive insurance companies in the state. It should be noted that this data has not undergone auditing.
The comprehensive report includes various sections detailing different aspects of Vermont's captive insurance landscape. Key highlights from the report include the following.
- Total Assets: $230.7 billion
- Total Capital and Surplus: $80.1 billion
- Total Gross Premium Written: $30.6 billion
- Captives Licensed in 2023: 38, ranking 9th in the top 10 highest growth years for licenses issued
- Total Licensed Captives: 659, with 632 active and 27 dormant
- Total Licenses Issued (1981–2023): 1,321
- Cells Approved in 2023: 39
- Total Cells and Separate Accounts: 534 (412 cells and 122 separate accounts)
The report's detailed sections include the following.
- Aggregate Report Highlights
- Annual Statement Totals (including data by type and industry for 2023 and 2022)
- Summaries as of December 31, 2023 (license count, number of captives by industry, cells, and yearly summaries)
- Charts as of December 31, 2023 (total licensed captives by type and year, highest growth years, and protected cells approved by year)
- Range Charts for 2023 (number and type of captives by total assets, capital and surplus, and gross premium written)
- Supplemental Reporting (license count summaries for March and June 2024)
The DFR encourages interested parties to refer to the index for easy navigation through the report. Additional information and prior aggregate reports are available upon request.
For more details and to access the full report, visit the Vermont Department of Financial Regulation website.
July 10, 2024
