SteadPoint Ins Co
Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2024 and the first three months of 2025. Return on equity has been fair, averaging 6.7% over the past five years. Fair overall results on stability tests (3.2) including weak results on operational trends and negative cash flow from operations for 2024. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.3) that helps to protect the company against sharp claims increases. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AL, AR, GA, LA, MS, NC, SC, TN
Principal Investments:
Investment grade bonds (56.4%), common stock (17.9%), cash (4.0%), other (21.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2200 Resource Drive
Birmingham, AL 35242
Birmingham, AL 35242
Phone Number
(205) 851-9738
NAIC Number
10156
Website
Largest Affiliates
No affiliate information available.