Clear Spring National Ins Co
Major Rating Factors:
Poor long-term capitalization index (2.6 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). Fair profitability index (3.8) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -0.1%. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall results on stability tests (5.7) despite weak risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (74.6%), personal/comm auto (16.2%), comm multi (5.1%), other (4.1%)
Licensed in:
CA, DE, IN, MD, NJ, PA, TX, WV
Principal Investments:
Investment grade bonds (76.9%), non investment grade bonds (8.6%), cash (7.7%), preferred stock (3.7%), common stock (0.9%), other (2.2%)
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
12274
Website
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