C
Intrepid Specialty Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9). Excellent expense controls. Good overall results on stability tests (6.4) despite excessive premium growth, weak risk adjusted capital in prior years and lack of operational experience. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors: E - Lack of operating experience.
Principal Lines of Business: Personal/comm auto (92.6%), comm multi (2.3%), other (5.1%)
Licensed in: (No states)
Principal Investments: Investment grade bonds (93.4%), other (6.6%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
WRB
Company Address
7233 East Butherus Drive
Scottsdale, AZ 85260
Phone Number
(480) 509-6627
NAIC Number
17181
Largest Affiliates
B
Greenwich, CT - P&C
B
Urbandale, IA - P&C
B
Scottsdale, AZ - P&C
B
URBANDALE, IA - L&A
B
Scottsdale, AZ - P&C