C
Velocity Ins Co A RRG
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
19.30
Risk Adjusted
Capital Ratio #2
10.40
Loss
Ratio
37.01%
Total
Assets
2.79M
Capital
2.64M
Net
Premiums
269.80K
Net
Income
22.80K
My Lists My Alerts
Weiss Ratings Velocity Ins Co A RRG
Charleston, SC 		Click to
Compare		 Click to
Compare		 Click to
Compare
Rating C
Capitalization Index 10.00
Investment Safety Index --
Liquidity Index 10.00
Profitability Index 4.70
Reserve Adequacy Index 6.40
Stability Index 2.00
Company Info Velocity Ins Co A RRG
Charleston, SC 		Click to
Compare		 Click to
Compare		 Click to
Compare
Industry P&C
NAIC Number 15956
Phone Number (843) 872-3301
Website --
Address 1064 Gardner Drive Charleston, SC 29407
Balance Sheet Velocity Ins Co A RRG
Charleston, SC 		Click to
Compare		 Click to
Compare		 Click to
Compare
Total Assets 2.79M
Capital and Reserves Velocity Ins Co A RRG
Charleston, SC 		Click to
Compare		 Click to
Compare		 Click to
Compare
Risk-Adjusted Capital Ratio #1 19.30
Risk-Adjusted Capital Ratio #2 10.40
1-Year Reserve Development 380.00%
2-Year Reserve Development -290.00%
Capital 2.64M
Premium to Surplus 10.00%
Reserves to Surplus --
Investments Velocity Ins Co A RRG
Charleston, SC 		Click to
Compare		 Click to
Compare		 Click to
Compare
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 Velocity Ins Co A RRG
Charleston, SC 		Click to
Compare		 Click to
Compare		 Click to
Compare
Medical Loss Ratio --
Cash From Underwriting 100.00%
Combined Ratio 110.00%
Expense Ratio 70.00%
Loss Ratio 37.01%
Net Premium Growth 0.00%
Other Medical Velocity Ins Co A RRG
Charleston, SC 		Click to
Compare		 Click to
Compare		 Click to
Compare
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 Velocity Ins Co A RRG
Charleston, SC 		Click to
Compare		 Click to
Compare		 Click to
Compare
Net Income 22.80K
Net Premium 269.80K
Health Premium --