CLEAR SPRING CASUALTY INS CO
Major Rating Factors:
Fair long-term capitalization index (3.2 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the good range over the last two years. Fair liquidity (4.5) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Fair overall results on stability tests (3.6) including weak results on operational trends, negative cash flow from operations for 2022, fair risk adjusted capital in prior years and excessive premium growth. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent profitability (7.3) with operating gains in each of the last five years.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
PA, TX, WV
Principal Investments:
Investment grade bonds (53.1%), common stock (33.8%), cash (4.5%), preferred stock (1.8%), non investment grade bonds (0.2%), other (6.6%)
Corporate Info
Group Affiliation
Clear Spring Property & Casualty Co
Investment Rating
--
Company Address
46 Public Square Suite 501
Wilkes-Barre, PA 18701
Wilkes-Barre, PA 18701
Phone Number
(570) 270-9876
NAIC Number
11703
Website
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