D
PALOMAR SPECIALTY INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Weiss Ratings PALOMAR SPECIALTY INS CO
La Jolla, IL
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Rating D
Capitalization Index 0.80
Investment Safety Index --
Liquidity Index 0.60
Profitability Index 5.50
Reserve Adequacy Index 6.00
Stability Index 2.60
Company Info PALOMAR SPECIALTY INS CO
La Jolla, IL
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Industry P&C
NAIC Number 20338
Phone Number (619) 567-5246
Website www.plmr.com
Address 1050 Sw 6th Avenue Suite 1100 La Jolla, IL 97204
Balance Sheet PALOMAR SPECIALTY INS CO
La Jolla, IL
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Total Assets 891.75M
Capital and Reserves PALOMAR SPECIALTY INS CO
La Jolla, IL
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Risk-Adjusted Capital Ratio #1 0.36
Risk-Adjusted Capital Ratio #2 0.24
1-Year Reserve Development 1.50%
2-Year Reserve Development 1.70%
Capital 313.90M
Premium to Surplus 113.80%
Reserves to Surplus 24.70%
Investments PALOMAR SPECIALTY INS CO
La Jolla, IL
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 0.00%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios PALOMAR SPECIALTY INS CO
La Jolla, IL
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Medical Loss Ratio --
Cash From Underwriting 191.80%
Combined Ratio 65.50%
Expense Ratio 40.60%
Loss Ratio 24.90%
Net Premium Growth 8.30%
Other Medical PALOMAR SPECIALTY INS CO
La Jolla, IL
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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 PALOMAR SPECIALTY INS CO
La Jolla, IL
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Net Income 78.22M
Net Premium 357.25M
Health Premium --
Weiss Ratings