C
Spinnaker Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.90
Risk Adjusted
Capital Ratio #2
0.60
Loss
Ratio
53.09%
Total
Assets
608.07M
Capital
203.52M
Net
Premiums
113.01M
Net
Income
28.77M
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Weiss Ratings Spinnaker Ins Co
Bedminster, NJ 		Click to
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Rating C
Capitalization Index 4.40
Investment Safety Index --
Liquidity Index 1.30
Profitability Index 8.80
Reserve Adequacy Index 7.00
Stability Index 5.80
Company Info Spinnaker Ins Co
Bedminster, NJ 		Click to
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Industry P&C
NAIC Number 24376
Phone Number (888) 221-7742
Website spinnakerins.com
Address One Pluckemin Way Bedminster, NJ 07921
Balance Sheet Spinnaker Ins Co
Bedminster, NJ 		Click to
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Total Assets 608.07M
Capital and Reserves Spinnaker Ins Co
Bedminster, NJ 		Click to
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Risk-Adjusted Capital Ratio #1 0.90
Risk-Adjusted Capital Ratio #2 0.60
1-Year Reserve Development -110.00%
2-Year Reserve Development -90.00%
Capital 203.52M
Premium to Surplus 60.00%
Reserves to Surplus 10.00%
Investments Spinnaker Ins Co
Bedminster, NJ 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 19.82%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Spinnaker Ins Co
Bedminster, NJ 		Click to
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Medical Loss Ratio --
Cash From Underwriting 210.00%
Combined Ratio 60.00%
Expense Ratio 10.00%
Loss Ratio 53.09%
Net Premium Growth 720.00%
Other Medical Spinnaker Ins Co
Bedminster, NJ 		Click to
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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 Spinnaker Ins Co
Bedminster, NJ 		Click to
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Net Income 28.77M
Net Premium 113.01M
Health Premium --