D
CLEAR SPRING P&C CO
ChicagoWA
Data as of
December 31, 2021
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak overall results on stability tests (1.1 on a scale of 0 to 10) including potential drain of affiliation with Enstar Group Ltd and weak results on operational trends. Weak profitability index (1.1) with operating losses during 2017, 2018, 2020 and 2021. Average return on equity over the last five years has been poor at -19.1%.
Other Rating Factors: Good long-term capitalization index (5.9) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors: G - Fast asset or premium growth. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Work comp (72.7%), personal/comm auto (13.0%), comm multi (8.1%), other (6.2%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (42.6%), common stock (41.4%), cash (11.4%), non investment grade bonds (0.2%), other (4.5%)
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
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Investments in Affiliates
Corporate Info
Group Affiliation
Enstar Group Ltd
Investment Rating
--
Company Address
1999 BRYAN ST STE 900
Dallas, TX 75201
Phone Number
(312) 837-3680
NAIC Number
15563
Largest Affiliates
C
Wilmington, DE - L&A
B
WILMINGTON, DE - L&A
C
Wilkes-Barre, PA - P&C
B
Wilkes-Barre, PA - P&C
Weiss Ratings