Crown Captive Ins Co (DC)
Major Rating Factors:
Weak profitability index (1.1 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -11.7%. Weak overall results on stability tests (1.1) including weak risk diversification, weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 8.0% of capital. Fair reserve development (3.8) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 25.4% deficient.
Other Rating Factors:
Fair long-term capitalization index (4.9) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
DC
Principal Investments:
Common stock (60.6%), investment grade bonds (24.5%), cash (13.3%), other (1.6%)
Corporate Info
Group Affiliation
VFH Captive Ins Co
Investment Rating
--
Company Address
613 Second Street, NE
Washington, DC 20002
Washington, DC 20002
Phone Number
(202) 588-1214
NAIC Number
12156
Largest Affiliates