B
Canal Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
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Premiums
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Major Rating Factors: Good overall profitability index (6.8 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been fair, averaging 5.5% over the past five years. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs.
Other Rating Factors: Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.7). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (93.2%), other (6.8%)
Licensed in: All states except AK, HI
Principal Investments: Investment grade bonds (44.0%), common stock (35.5%), non investment grade bonds (3.2%), preferred stock (0.6%), other (16.7%)
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Investments in Affiliates
Corporate Info
Group Affiliation
Canal Financial Group Inc
Investment Rating
--
Company Address
101 N. Main Street
Greenville, SC 29601
Phone Number
(864) 242-5365
NAIC Number
10464
Largest Affiliates
B
Greenville, SC - P&C