C
Prime Ins Co
Sandy,  UT
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.70
Risk Adjusted
Capital Ratio #2
0.60
Loss
Ratio
83.68%
Total
Assets
528.86M
Capital
165.58M
Net
Premiums
169.31M
Net
Income
9.39M
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
2024
10
12
22
54.55%
23.31%
2023
11
9
20
45.00%
22.83%
2022
29
18
47
38.30%
23.10%
2021
36
39
75
52.00%
22.81%
2020
44
30
74
40.54%
21.51%
2019
46
57
103
55.34%
22.66%
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
2024
289
656
945
69.42%
47.44%
2023
352
746
1,098
67.94%
47.29%
2022
735
1,714
2,449
69.99%
45.44%
2021
381
1,121
1,502
74.63%
44.40%
2020
381
724
1,105
65.52%
42.45%
2019
444
717
1,161
61.76%
44.33%
Homeowners & Farmowners
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
2024
0
2
2
100.00%
39.58%
2023
1
0
1
0.00%
36.96%
2022
2
2
4
50.00%
37.07%
2021
3
5
8
62.50%
39.17%
2020
48
24
72
33.33%
35.42%
2019
2
5
7
71.43%
35.34%
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
2024
48
197
245
80.41%
81.35%
2023
101
232
333
69.67%
74.87%
2022
143
504
647
77.90%
72.69%
2021
370
893
1,263
70.70%
79.01%
2020
228
423
651
64.98%
80.13%
2019
191
324
515
62.91%
77.47%
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
2024
3
35
38
92.11%
12.20%
2023
3
50
53
94.34%
16.34%
2022
3
48
51
94.12%
11.13%
2021
6
44
50
88.00%
18.93%
2020
4
26
30
86.67%
20.93%
2019
5
15
20
75.00%
16.90%