Clarendon National Ins Co
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including weak results on operational trends, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Weak profitability index (2.9) with operating losses during 2020, 2022, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -16.8%. Fair long-term capitalization index (4.1) based on fair current risk adjusted capital (severe loss scenarios).
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (92.8%), other (7.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (74.6%), common stock (12.1%), non investment grade bonds (1.7%), preferred stock (0.9%), cash (0.1%), other (10.6%)
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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