C
Summit Specialty Ins Co
Irving,  TX
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.30
Risk Adjusted
Capital Ratio #2
1.20
Loss
Ratio
97.92%
Total
Assets
216.52M
Capital
112.17M
Net
Premiums
36.05M
Net
Income
-2.40M
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
93
94
187
50.27%
22.80%
2023
35
94
129
72.87%
22.83%
2022
3
1
4
25.00%
23.10%
2021
0
0
0
0.00%
22.81%
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
69
57
126
45.24%
47.78%
2023
24
57
81
70.37%
47.29%
2022
9
4
13
30.77%
45.44%
2021
0
0
0
0.00%
44.40%
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
4
0
4
0.00%
41.49%
2023
4
3
7
42.86%
38.64%
2022
3
0
3
0.00%
39.39%
2021
0
0
0
0.00%
40.41%
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
2,030
805
2,835
28.40%
39.63%
2023
2,034
860
2,894
29.72%
36.96%
2022
1,418
756
2,174
34.77%
37.07%
2021
1,415
1,114
2,529
44.05%
39.17%
2020
1,572
741
2,313
32.04%
35.42%
Other Liability: Claims Made
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
1
0
1
0.00%
81.20%
2023
0
0
0
0.00%
74.87%
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
12
3
15
20.00%
12.77%
2023
4
4
8
50.00%
16.34%
2022
6
4
10
40.00%
11.13%
2021
4
4
8
50.00%
18.93%
2020
6
4
10
40.00%
20.93%
Product Liability: Claims Made
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
0
0
0.00%
83.13%
2023
0
0
0
0.00%
68.07%
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
2023
0
0
0
0.00%
62.55%
2022
0
0
0
0.00%
56.52%
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
5
2
7
28.57%
35.29%
2023
0
0
0
0.00%
35.67%