B
Canal Ins Co
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.60
Risk Adjusted
Capital Ratio #2
1.70
Loss
Ratio
74.99%
Total
Assets
1.30B
Capital
538.58M
Net
Premiums
485.42M
Net
Income
11.78M
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Weiss Ratings Canal Ins Co
Greenville, SC 		Click to
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Rating B
Capitalization Index 8.00
Investment Safety Index --
Liquidity Index 7.20
Profitability Index 6.80
Reserve Adequacy Index 7.00
Stability Index 7.70
Company Info Canal Ins Co
Greenville, SC 		Click to
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Industry P&C
NAIC Number 10464
Phone Number (864) 242-5365
Website canalinsurance.com
Address 101 N. Main Street Greenville, SC 29601
Balance Sheet Canal Ins Co
Greenville, SC 		Click to
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Total Assets 1.30B
Capital and Reserves Canal Ins Co
Greenville, SC 		Click to
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Risk-Adjusted Capital Ratio #1 2.60
Risk-Adjusted Capital Ratio #2 1.70
1-Year Reserve Development 20.00%
2-Year Reserve Development -300.00%
Capital 538.58M
Premium to Surplus 90.00%
Reserves to Surplus 90.00%
Investments Canal Ins Co
Greenville, SC 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 5.04%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Canal Ins Co
Greenville, SC 		Click to
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Medical Loss Ratio --
Cash From Underwriting 110.00%
Combined Ratio 100.00%
Expense Ratio 30.00%
Loss Ratio 74.99%
Net Premium Growth 0.00%
Other Medical Canal Ins Co
Greenville, SC 		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 Canal Ins Co
Greenville, SC 		Click to
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Net Income 11.78M
Net Premium 485.42M
Health Premium --