C
Protective Ins Co
Carmel,  IN
Rating Date
June 2026
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.21
Risk Adjusted
Capital Ratio #2
0.84
Loss
Ratio
103.91%
Total
Assets
1.43B
Capital
480.47M
Net
Premiums
347.97M
Net
Income
-91.75M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2025
4,611
2,113
6,724
31.42%
23.88%
2024
5,280
2,085
7,365
28.31%
23.31%
2023
5,736
2,802
8,538
32.82%
22.83%
2022
6,495
3,137
9,632
32.57%
23.10%
2021
6,466
2,864
9,330
30.70%
22.81%
2020
5,586
2,300
7,886
29.17%
21.51%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2025
376
1,033
1,409
73.31%
49.08%
2024
790
1,465
2,255
64.97%
47.46%
2023
1,019
2,026
3,045
66.54%
47.29%
2022
900
1,621
2,521
64.30%
45.44%
2021
968
1,726
2,694
64.07%
44.40%
2020
1,038
1,878
2,916
64.40%
42.45%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2025
0
9
9
100.00%
83.87%
2024
0
3
3
100.00%
81.44%
2023
1
1
2
50.00%
74.87%
2022
0
2
2
100.00%
72.69%
2021
0
9
9
100.00%
79.01%
2020
0
1
1
100.00%
80.13%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2025
8
9
17
52.94%
13.25%
2024
47
27
74
36.49%
12.32%
2023
38
25
63
39.68%
16.34%
2022
31
32
63
50.79%
11.13%
2021
25
18
43
41.86%
18.93%
2020
29
43
72
59.72%
20.93%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2025
1,135
1,041
2,176
47.84%
34.83%
2024
1,355
1,381
2,736
50.48%
35.33%
2023
1,718
1,796
3,514
51.11%
35.67%
2022
1,692
1,654
3,346
49.43%
37.14%
2021
2,007
1,936
3,943
49.10%
35.46%
2020
2,010
1,638
3,648
44.90%
33.86%