A
Somerset Casualty Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent profitability index (8.2).
Other Rating Factors: Superior liquidity (9.1) with ample operational cash flow and liquid investments. Good overall results on stability tests (6.5) despite. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. D - Limited diversification of general business, policy, and/or investment risk. R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business: Work comp (100.0%)
Licensed in: PA
Principal Investments: Investment grade bonds (76.1%), cash (1.7%), non investment grade bonds (0.3%), other (21.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Brookfield Wealth Solutions Ltd
Investment Rating
BNT
Company Address
654 Main Street
Rockwood, PA 15557
Phone Number
(814) 926-4661
NAIC Number
10726
Largest Affiliates
C
GALVESTON, TX - L&A
C
San Antonio, TX - P&C
B
San Antonio, TX - P&C
B