D
STARSTONE NATIONAL INS CO
Data as of
March 31, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak overall results on stability tests (1.3 on a scale of 0 to 10) including excessive premium growth, weak risk adjusted capital in prior years and weak results on operational trends. Strengths include potentially strong support from affiliation with Enstar Group Ltd. Poor long-term capitalization index (0.6) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors: Vulnerable liquidity (0.0) as a spike in claims may stretch capacity. Fair reserve development (4.9) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2018 and 2019. Average return on equity over the last five years has been poor at -1.2%.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. G - Fast asset or premium growth. L - Past results on our liquidity tests. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Work comp (59.6%), personal/comm auto (2.7%), other (37.8%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (92.2%), cash (1.3%), other (6.5%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Enstar Group Ltd
Investment Rating
--
Company Address
1209 Orange Street
WILMINGTON, DE 19801
Phone Number
(513) 599-7511
NAIC Number
25496
Largest Affiliates
C
WILMINGTON, DE - P&C
Weiss Ratings