C
Protective Ins Co
Carmel,  IN
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.00
Risk Adjusted
Capital Ratio #2
0.70
Loss
Ratio
79.88%
Total
Assets
1.24B
Capital
328.03M
Net
Premiums
521.86M
Net
Income
-32.79M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
5,736
2,802
8,538
32.82%
22.82%
2022
6,495
3,137
9,632
32.57%
23.10%
2021
6,466
2,864
9,330
30.70%
22.81%
2020
5,586
2,300
7,886
29.17%
21.51%
2019
5,726
2,552
8,278
30.83%
22.66%
2018
5,431
3,383
8,814
38.38%
21.92%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1,019
2,026
3,045
66.54%
47.27%
2022
900
1,621
2,521
64.30%
45.41%
2021
968
1,726
2,694
64.07%
44.40%
2020
1,038
1,878
2,916
64.40%
42.42%
2019
2,037
2,635
4,672
56.40%
44.33%
2018
1,801
2,392
4,193
57.05%
44.16%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1
1
2
50.00%
74.81%
2022
0
2
2
100.00%
73.22%
2021
0
9
9
100.00%
79.01%
2020
0
1
1
100.00%
80.13%
2019
0
0
0
0.00%
77.47%
2018
0
0
0
0.00%
77.10%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
38
25
63
39.68%
16.34%
2022
31
32
63
50.79%
11.13%
2021
25
18
43
41.86%
18.93%
2020
29
43
72
59.72%
20.93%
2019
51
83
134
61.94%
16.90%
2018
52
105
157
66.88%
11.94%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1,718
1,796
3,514
51.11%
35.70%
2022
1,692
1,654
3,346
49.43%
37.14%
2021
2,007
1,936
3,943
49.10%
35.46%
2020
2,010
1,638
3,648
44.90%
33.86%
2019
2,106
1,661
3,767
44.09%
34.01%
2018
3,568
4,204
7,772
54.09%
32.34%