Accelerant National Ins Co
Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including excessive premium growth and weak results on operational trends. The largest net exposure for one risk is acceptable at 2.5% of capital. Good long-term capitalization index (6.4) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak profitability index (2.7) with operating losses during 2020, 2021, 2022, 2023 and the first nine months of 2024. Average return on equity over the last five years has been poor at -11.7%.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (23.1%), comm multi (16.9%), fin guar/surety (8.9%), personal/comm auto (1.0%), other (50.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (31.7%), cash (11.8%), other (56.5%)
Corporate Info
Group Affiliation
ACP Ins Management LLC
Investment Rating
--
Company Address
400 Northridge Road
Sandy Springs, GA 30350
Sandy Springs, GA 30350
Phone Number
(833) 284-9200
NAIC Number
10220
Website
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