Vermont captive domicile overview
2025-10-31
Legislated 1981; the largest US domicile and a global leader, repeatedly named Captive Review Domicile of the Year.
| Active captives | 667 active + 30 dormant (as of 31 Dec 2025; 1,413 licences issued cumulatively) |
| Premium volume | US$36.3 billion gross written premium; US$243.6 billion assets under management (YE2025, VT DFR) |
| Minimum capital | US$250,000 |
| Annual licence fee | No separate annual renewal fee; annual premium tax minimum US$7,500; application US$500 |
| Tax treatment | Graduated premium tax 0.38%/0.285%/0.19%/0.072% direct, lower for assumed reinsurance; annual min US$7,500, max US$200,000 |
| Regulator | Vermont Department of Financial Regulation (DFR), Captive Insurance Division |
Data updated October 2026, compiled from regulator statistics and industry sources (Captive Review, Business Insurance, etc.). Figures refer to the most recent available year; please refer to regulator disclosures for the latest data.