D
Palms Specialty Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
4.80
Risk Adjusted
Capital Ratio #2
3.00
Loss
Ratio
61.08%
Total
Assets
912.12M
Capital
532.18M
Net
Premiums
166.78M
Net
Income
22.20M
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Weiss Ratings Palms Specialty Ins Co
Juno Beach, FL 		Click to
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Rating D
Capitalization Index 9.90
Investment Safety Index --
Liquidity Index 9.00
Profitability Index 3.80
Reserve Adequacy Index 3.60
Stability Index 4.30
Company Info Palms Specialty Ins Co
Juno Beach, FL 		Click to
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Industry P&C
NAIC Number 17327
Phone Number (561) 304-5532
Website www.palms-insurance.com
Address 700 Universe Boulevard Juno Beach, FL 33408
Balance Sheet Palms Specialty Ins Co
Juno Beach, FL 		Click to
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Total Assets 912.12M
Capital and Reserves Palms Specialty Ins Co
Juno Beach, FL 		Click to
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Risk-Adjusted Capital Ratio #1 4.80
Risk-Adjusted Capital Ratio #2 3.00
1-Year Reserve Development 0.00%
2-Year Reserve Development 0.00%
Capital 532.18M
Premium to Surplus 30.00%
Reserves to Surplus 20.00%
Investments Palms Specialty Ins Co
Juno Beach, FL 		Click to
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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 Palms Specialty Ins Co
Juno Beach, FL 		Click to
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Medical Loss Ratio --
Cash From Underwriting 360.00%
Combined Ratio 100.00%
Expense Ratio 30.00%
Loss Ratio 61.08%
Net Premium Growth 30.00%
Other Medical Palms Specialty Ins Co
Juno Beach, FL 		Click to
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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 Palms Specialty Ins Co
Juno Beach, FL 		Click to
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Net Income 22.20M
Net Premium 166.78M
Health Premium --