PURE Ins Co
Rating Date
October 2025
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2020, 2021, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -15.8%. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.6) despite negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
--
Licensed in:
FL
Principal Investments:
Investment grade bonds (71.5%), cash (1.2%), other (27.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
44 South Broadway
White Plains, NY 10601
White Plains, NY 10601
Phone Number
(914) 255-5755
NAIC Number
13204
Website
Largest Affiliates