St Charles Ins Co RRG
Rating Date
October 2025
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. Good overall profitability index (6.5) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been good over the last five years, averaging 11.4%. Strong long-term capitalization index (9.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.5) that helps to protect the company against sharp claims increases. Excellent liquidity (7.0) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
SC
Principal Investments:
Investment grade bonds (39.3%), common stock (38.6%), preferred stock (6.4%), cash (0.5%), other (15.2%)
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
--
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
38 Broad Street
Charleston, SC 29401
Charleston, SC 29401
Phone Number
(602) 200-6900
NAIC Number
11114
Website
--
Largest Affiliates
No affiliate information available.