Clear Spring Casualty Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.8 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range over the last two years. Fair profitability index (4.6) with operating losses during 2023 and the first nine months of 2024. Return on equity has been low, averaging 4.4% over the past five years. Fair liquidity (3.8) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Ample reserve history (7.6) that can protect against increases in claims costs. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (70.0%), personal/comm auto (15.5%), comm multi (8.1%), other (6.5%)
Licensed in:
CA, DE, IN, MD, NJ, PA, TX, WV
Principal Investments:
Investment grade bonds (53.5%), common stock (33.2%), non investment grade bonds (2.3%), cash (1.9%), preferred stock (1.9%), other (7.1%)
Corporate Info
Group Affiliation
DLICM LLC
Investment Rating
--
Company Address
46 Public Square
Wilkes-Barre, PA 18701
Wilkes-Barre, PA 18701
Phone Number
(570) 824-1400
NAIC Number
11703
Website
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