Clear Spring Casualty Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.2 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios). Fair profitability index (3.8) with operating losses during 2023 and 2024. Return on equity has been low, averaging 1.3% over the past five years. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0) despite fair 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (70.4%), personal/comm auto (18.8%), comm multi (6.0%), other (4.8%)
Licensed in:
CA, DE, IN, MD, NJ, PA, TX, WV
Principal Investments:
Investment grade bonds (49.7%), common stock (30.0%), non investment grade bonds (6.7%), preferred stock (3.1%), cash (3.1%), other (7.5%)
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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