SteadPoint Ins Co
Major Rating Factors:
Fair profitability index (3.6 on a scale of 0 to 10) with operating losses during 2024 and 2025. Fair overall results on stability tests (4.2) including negative cash flow from operations for 2025. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AL, AR, GA, LA, MS, NC, SC, TN
Principal Investments:
Investment grade bonds (67.6%), common stock (20.7%), cash (6.0%), other (5.7%)
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
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