Clear Spring American Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.0 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2022. Fair profitability index (3.6) with operating losses during 2022, 2023 and 2024. Vulnerable liquidity (1.9) as a spike in claims may stretch capacity.
Other Rating Factors:
History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.7) despite weak risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (79.1%), personal/comm auto (13.3%), comm multi (4.2%), other (3.4%)
Licensed in:
CA, DE, IN, MD, NJ, PA, TX, WV
Principal Investments:
Investment grade bonds (76.1%), non investment grade bonds (9.4%), cash (7.6%), preferred stock (2.7%), common stock (0.7%), other (3.7%)
Corporate Info
Group Affiliation
DLICM LLC
Investment Rating
--
Company Address
10555 Group 1001 Way
Zionsville, IN 46077
Zionsville, IN 46077
Phone Number
(570) 824-1400
NAIC Number
11219
Website
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