D
Palomar Specialty Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.40
Risk Adjusted
Capital Ratio #2
0.20
Loss
Ratio
26.50%
Total
Assets
1.26B
Capital
451.72M
Net
Premiums
642.77M
Net
Income
99.73M
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
3
0
3
0.00%
22.80%
2023
4
2
6
33.33%
22.83%
2022
0
0
0
0.00%
23.10%
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
68
8
76
10.53%
47.78%
2023
85
2
87
2.30%
47.29%
2022
38
0
38
0.00%
45.44%
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
7
20
27
74.07%
41.49%
2023
0
0
0
0.00%
38.64%
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
1,516
36
1,552
2.32%
39.63%
2023
1,212
23
1,235
1.86%
36.96%
2022
1,335
114
1,449
7.87%
37.07%
2021
1,130
1,461
2,591
56.39%
39.17%
2020
881
1,077
1,958
55.01%
35.42%
2019
206
424
630
67.30%
35.34%
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
244
233
477
48.85%
81.20%
2023
166
185
351
52.71%
74.87%
2022
120
72
192
37.50%
72.69%
2021
1
35
36
97.22%
79.01%
2020
0
0
0
0.00%
80.13%
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
89
14
103
13.59%
12.77%
2023
11
0
11
0.00%
16.34%
2022
18
0
18
0.00%
11.13%
2021
2
1
3
33.33%
18.93%
2020
0
0
0
0.00%
20.93%
2019
1
0
1
0.00%
16.90%
Private Passenger 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
2023
0
1
1
100.00%
44.64%
2022
0
0
0
0.00%
46.15%
2021
0
0
0
0.00%
46.87%
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
2024
0
0
0
0.00%
64.02%
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
2,255
118
2,373
4.97%
35.29%
2023
1,721
113
1,834
6.16%
35.67%
2022
55
5
60
8.33%
37.14%
2021
0
0
0
0.00%
35.46%