Clarendon National Ins Co
Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during 2022 and 2024. Fair overall results on stability tests (4.1) including weak results on operational trends, negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. Good long-term capitalization index (5.4) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2022.
Other Rating Factors:
History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (138.1%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (69.4%), common stock (11.1%), non investment grade bonds (2.3%), preferred stock (1.0%), other (16.1%)
Corporate Info
Group Affiliation
Enstar Group Limited
Investment Rating
--
Company Address
150 2nd Avenue, North
Saint Petersburg, FL 33701
Saint Petersburg, FL 33701
Phone Number
(727) 217-2900
NAIC Number
20532
Website
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