Clear Spring American Ins Co
Major Rating Factors:
Fair long-term capitalization index (3.9 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 (3.8) with operating losses during 2022, 2023 and the first six months of 2024. Return on equity has been low, averaging 1.4% over the past five years. Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
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. Ample reserve history (7.1) that can protect against increases in claims costs.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (79.8%), personal/comm auto (10.4%), comm multi (5.4%), other (4.3%)
Licensed in:
CA, DE, IN, MD, NJ, PA, TX, WV
Principal Investments:
Investment grade bonds (82.6%), cash (4.3%), non investment grade bonds (3.8%), preferred stock (2.9%), common stock (0.5%), other (5.9%)
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
Largest Affiliates
