B
Palisades Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
8.30
Risk Adjusted
Capital Ratio #2
4.50
Loss
Ratio
83.68%
Total
Assets
178.12M
Capital
123.47M
Net
Premiums
5.46M
Net
Income
4.07M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
11,468
6,403
17,871
35.83%
22.80%
2023
13,149
7,485
20,634
36.28%
22.83%
2022
14,600
8,851
23,451
37.74%
23.10%
2021
15,769
8,825
24,594
35.88%
22.81%
2020
11,223
6,876
18,099
37.99%
21.51%
2019
9,003
6,038
15,041
40.14%
22.66%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
190
230
420
54.76%
47.78%
2023
162
208
370
56.22%
47.29%
2022
132
228
360
63.33%
45.44%
2021
154
296
450
65.78%
44.40%
2020
124
236
360
65.56%
42.45%
2019
220
416
636
65.41%
44.33%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
1
0
1
0.00%
39.63%
2023
2
2
4
50.00%
36.96%
2022
0
3
3
100.00%
37.07%
2021
7
9
16
56.25%
39.17%
2020
7
12
19
63.16%
35.42%
2019
9
11
20
55.00%
35.34%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
0
1
1
100.00%
16.34%
2020
0
1
1
100.00%
20.93%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
3,986
11,341
15,327
73.99%
45.00%
2023
4,207
13,091
17,298
75.68%
44.64%
2022
4,796
16,106
20,902
77.05%
46.15%
2021
5,617
19,083
24,700
77.26%
46.87%
2020
4,387
15,202
19,589
77.60%
43.90%
2019
4,195
12,265
16,460
74.51%
42.09%