C
Palmetto Surety Corp
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.70
Risk Adjusted
Capital Ratio #2
0.60
Loss
Ratio
22.41%
Total
Assets
30.92M
Capital
10.06M
Net
Premiums
19.26M
Net
Income
56.72K
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Weiss Ratings Palmetto Surety Corp
Mount Pleasant, SC 		Click to
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Rating C
Capitalization Index 3.60
Investment Safety Index --
Liquidity Index 7.10
Profitability Index 4.30
Reserve Adequacy Index 9.70
Stability Index 3.00
Company Info Palmetto Surety Corp
Mount Pleasant, SC 		Click to
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Industry P&C
NAIC Number 13121
Phone Number (843) 971-5441
Website www.palmettosurety.com
Address 75 Port City Landing Mount Pleasant, SC 29464
Balance Sheet Palmetto Surety Corp
Mount Pleasant, SC 		Click to
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Total Assets 30.92M
Capital and Reserves Palmetto Surety Corp
Mount Pleasant, SC 		Click to
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Risk-Adjusted Capital Ratio #1 0.70
Risk-Adjusted Capital Ratio #2 0.60
1-Year Reserve Development -1,640.00%
2-Year Reserve Development -2,650.00%
Capital 10.06M
Premium to Surplus 190.00%
Reserves to Surplus 50.00%
Investments Palmetto Surety Corp
Mount Pleasant, SC 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Palmetto Surety Corp
Mount Pleasant, SC 		Click to
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Medical Loss Ratio --
Cash From Underwriting 90.00%
Combined Ratio 100.00%
Expense Ratio 80.00%
Loss Ratio 22.41%
Net Premium Growth 10.00%
Other Medical Palmetto Surety Corp
Mount Pleasant, SC 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Palmetto Surety Corp
Mount Pleasant, SC 		Click to
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Net Income 56.72K
Net Premium 19.26M
Health Premium --