Clear Spring Casualty Ins Co
Major Rating Factors:
Fair reserve development (4.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Weak profitability index (1.9) with operating losses during 2023 and 2024. Weak overall results on stability tests (2.9) including weak results on operational trends and fair risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
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:
CA, DE, IN, MD, NJ, PA, TX, WV
Principal Investments:
Common stock (58.6%), cash (24.0%), investment grade bonds (7.2%), other (10.2%)
Corporate Info
Group Affiliation
DLICM LLC
Investment Rating
--
Company Address
10555 Group 1001 Way
Zionsville, IN 46077
Zionsville, IN 46077
Phone Number
(570) 824-1400
NAIC Number
11703
Website
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