B
Utica First Ins Co
Rating Date
October 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.70
Risk Adjusted
Capital Ratio #2
1.42
Loss
Ratio
65.71%
Total
Assets
440.93M
Capital
144.29M
Net
Premiums
95.10M
Net
Income
-3.93M
My Lists My Alerts
Commercial Multiple Peril
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
894
777
1,671
46.50%
41.74%
2023
1,053
1,058
2,111
50.12%
38.64%
2022
1,104
1,023
2,127
48.10%
39.39%
2021
1,453
1,320
2,773
47.60%
40.41%
2020
1,653
1,199
2,852
42.04%
48.09%
2019
1,099
930
2,029
45.84%
43.30%
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
561
224
785
28.54%
39.58%
2023
579
284
863
32.91%
36.96%
2022
748
275
1,023
26.88%
37.07%
2021
1,186
537
1,723
31.17%
39.17%
2020
1,945
473
2,418
19.56%
35.42%
2019
1,128
431
1,559
27.65%
35.34%
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
0
10
10
100.00%
12.32%
2023
0
9
9
100.00%
16.34%
2022
0
10
10
100.00%
11.13%
2021
0
2
2
100.00%
18.93%
2020
0
4
4
100.00%
20.93%
2019
0
1
1
100.00%
16.90%