A
Progressive Security Ins Co
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
4.50
Risk Adjusted
Capital Ratio #2
3.90
Loss
Ratio
63.41%
Total
Assets
414.84M
Capital
102.27M
Net
Premiums
85.83M
Net
Income
5.85M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
61,929
19,853
81,782
24.28%
23.31%
2023
60,961
18,242
79,203
23.03%
22.83%
2022
59,462
17,455
76,917
22.69%
23.10%
2021
68,776
19,623
88,399
22.20%
22.81%
2020
55,809
14,917
70,726
21.09%
21.51%
2019
54,632
16,074
70,706
22.73%
22.66%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2020
54
22
76
28.95%
42.45%
2019
99
38
137
27.74%
44.33%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
8
25
33
75.76%
39.58%
2023
12
24
36
66.67%
36.96%
2022
10
14
24
58.33%
37.07%
2021
102
161
263
61.22%
39.17%
2020
68
67
135
49.63%
35.42%
2019
7
12
19
63.16%
35.34%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
35
23
58
39.66%
12.20%
2023
34
20
54
37.04%
16.34%
2022
22
8
30
26.67%
11.13%
2021
74
35
109
32.11%
18.93%
2020
56
35
91
38.46%
20.93%
2019
28
12
40
30.00%
16.90%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
19,127
12,691
31,818
39.89%
45.22%
2023
19,016
11,056
30,072
36.77%
44.64%
2022
18,341
10,679
29,020
36.80%
46.15%
2021
18,339
12,293
30,632
40.13%
46.87%
2020
18,359
9,704
28,063
34.58%
43.90%
2019
22,723
10,785
33,508
32.19%
42.09%