Spartan Property Ins Co
Major Rating Factors:
Good overall profitability index (6.1 on a scale of 0 to 10) despite operating losses during 2022. Good overall results on stability tests (5.5) despite. Stability strengths include excellent operational trends and good risk diversification. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.1) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Other (100%)
Licensed in:
GA, SC
Principal Investments:
Common stock (52.4%), investment grade bonds (24.2%), cash (5.3%), other (18.0%)
Corporate Info
Group Affiliation
Security Group Inc
Investment Rating
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Company Address
181 Security Place
Spartanburg, SC 29307
Spartanburg, SC 29307
Phone Number
(864) 237-6151
NAIC Number
18406
Website
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