C
Southern States Ins Exchange
Rating Date
October 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.16
Risk Adjusted
Capital Ratio #2
1.45
Loss
Ratio
84.86%
Total
Assets
51.28M
Capital
18.40M
Net
Premiums
15.06M
Net
Income
946.58K
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
17
1
18
5.56%
23.31%
2023
20
14
34
41.18%
22.83%
2022
31
22
53
41.51%
23.10%
2021
49
27
76
35.53%
22.81%
2020
42
40
82
48.78%
21.51%
2019
39
42
81
51.85%
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
20
0
20
0.00%
47.45%
2023
32
11
43
25.58%
47.29%
2022
34
14
48
29.17%
45.44%
2021
37
19
56
33.93%
44.40%
2020
43
30
73
41.10%
42.45%
2019
55
34
89
38.20%
44.33%
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
182
1
183
0.55%
41.74%
2023
184
59
243
24.28%
38.64%
2022
168
60
228
26.32%
39.39%
2021
123
53
176
30.11%
40.41%
2020
138
60
198
30.30%
48.09%
2019
148
69
217
31.80%
43.30%
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
6
0
6
0.00%
12.32%
2023
12
6
18
33.33%
16.34%
2022
23
10
33
30.30%
11.13%
2021
30
21
51
41.18%
18.93%
2020
22
20
42
47.62%
20.93%
2019
5
1
6
16.67%
16.90%
Product 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
12
0
12
0.00%
63.97%
2023
8
3
11
27.27%
62.55%
2022
9
3
12
25.00%
56.52%
2021
18
16
34
47.06%
62.74%
2020
19
16
35
45.71%
61.51%
2019
42
43
85
50.59%
70.02%
Workers' Compensation
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
92
0
92
0.00%
35.33%
2023
93
29
122
23.77%
35.67%
2022
83
57
140
40.71%
37.14%
2021
93
73
166
43.98%
35.46%
2020
135
64
199
32.16%
33.86%
2019
149
81
230
35.22%
34.01%