C
Palms Specialty Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.70
Risk Adjusted
Capital Ratio #2
1.60
Loss
Ratio
65.54%
Total
Assets
992.82M
Capital
538.97M
Net
Premiums
273.27M
Net
Income
23.35M
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
0
3
3
100.00%
22.80%
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
22
109
131
83.21%
41.49%
2023
1
45
46
97.83%
38.64%
2022
0
0
0
0.00%
39.39%
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
7
180
187
96.26%
81.20%
2023
140
8
148
5.41%
74.87%
2022
0
0
0
0.00%
72.69%
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
19
85
104
81.73%
12.77%
2023
1
15
16
93.75%
16.34%
2022
0
0
0
0.00%
11.13%
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
1
6
7
85.71%
83.13%