Company Financial Reporting

Pursuant to 14VAC5-300-95 B, the Commission is posting notices of applications for a certified reinsurer in the Commonwealth of Virginia and inviting members of the public to respond to the application. Interested and Affected Parties will have thirty (30) days from the date of posting to submit written comments regarding the application to the Virginia Bureau of Insurance (Bureau). The Bureau will not take final action on an application until at least thirty (30) days after posting on the Notice of Certified Reinsurer Application.

• Notice of Certified Reinsurer Applications
• List of Approved Certified Reinsurers
• NAIC List of Qualified Jurisdictions
  • Virginia does not maintain a separate list of Qualified Jurisdictions
• Form CR-F and instructions
• Form CR-S and instructions
• ReFAWG Review Process for Passporting Certified and Reciprocal Jurisdiction Reinsurers 
• Process for Evaluating Qualified and Reciprocal Jurisdictions 
• NAIC Certified and Reciprocal Jurisdiction Reinsurer webpage 

• List of Approved Reciprocal Jurisdiction Reinsurers 
• NAIC List of Reciprocal Jurisdictions ​
  • Virginia does not maintain a separate list of Reciprocal Jurisdictions 
• ReFAWG Review Process for Passporting Certified and Reciprocal Jurisdiction Reinsurers 
• Process for Evaluating Qualified and Reciprocal Jurisdictions
• NAIC Certified and Reciprocal Jurisdiction Reinsurer webpage 

Virginia law authorizes the Commission to examine the financial condition of any insurance company licensed in Virginia. The results of the financial exams are summarized in an exam report. Below are the most recent reports for insurance companies domiciled in Virginia. 

The following reports are from the 2021 Insurance Company Statistical Report. The reports contain financial information and Virginia premium profiles on insurance companies licensed in Virginia. The data is what was reported to the National Association of Insurance Commissioners (NAIC) or the Bureau of Insurance as of June 1, 2022 for the year ended December 31, 2021.

• Burial Societies
  • Burial Societies Financial Data (including premiums)
• Health Insurers
  • Health Insurers Financial Data
  • Health Insurers Premium Profile
• Legal Service Plans
  • Legal Service Plans Financial Data
  • Legal Service Plans Premium Profile
• Life, Accident and Health Insurers and Fraternal Benefit Societies
  • Life, Accident and Health Insurers/Fraternal Benefit Societies Financial Data
  • Premium Profile for Accident and Health
  • Premium Profile for Life and Annuities
• Local Government Self Insurance Pool
  • Local Government Self Insurance Pool Financial Data (including premiums)
• Mutual Assessment Companies
  • Companies with Assets less than $10 million
    • Mutual Assessment Companies (<$10m) Financial Data
    • Mutual Assessment Companies (<$10m) Premium Profile
  • Companies with Assets greater than $10 million
    • Mutual Assessment Companies (>$10m)Financial Data
    • Mutual Assessment Companies (>$10m) Premium Profile
• Property & Casualty
  • Property & Casualty Financial Data
  • Property & Casualty Premium Profile
• Title Companies
  • Title Companies Financial Data
  • Title Companies Premium Profile
• Workers' Compensation Group Self Insurance
  • Workers' Compensation Group Self Insurance Financial Data (Including Premiums)

These market share reports are aggregated by line of business and based on premiums written.

• Accident & Sickness Insurance
• Commercial Auto Insurance
• Farmowners Insurance
• Homeowners Insurance
• Life Insurance
• Medical Malpractice Insurance
• All Property & Casualty Insurance
• Private Passenger Auto Insurance
• Title Insurance
• Workers Compensation Insurance