StarStone National Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Vulnerable liquidity (0.0) as a spike in claims may stretch capacity. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 29.8% deficient.
Other Rating Factors:
Fair profitability index (3.7) with operating losses during 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -0.2%. Good overall results on stability tests (6.0) despite weak risk adjusted capital in prior years.
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:
Farmowners (41.9%), work comp (11.0%), comm multi (8.4%), personal/comm auto (4.5%), other (34.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (92.0%), cash (4.0%), other (4.1%)
Corporate Info
Group Affiliation
Core Specialty Ins Holdings Inc
Investment Rating
--
Company Address
201 E. Fifth Street
Cincinnati, OH 45202
Cincinnati, OH 45202
Phone Number
(513) 599-7511
NAIC Number
25496
Website
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