State National Ins Co

Bedford, TX

Rating Date

June 2026

NAIC
Classification

Property & Casualty

Risk Adjusted
Capital Ratio #1

1.74

Risk Adjusted
Capital Ratio #2

1.70

Loss
Ratio

53.05%

Total
Assets

2.20B

Capital

799.49M

Net
Premiums

99.48M

Net
Income

38.75M

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

2025

10,731

8,802

19,533

45.06%

23.88%

2024

14,220

13,188

27,408

48.12%

23.31%

2023

9,731

7,843

17,574

44.63%

22.83%

2022

5,765

4,800

10,565

45.43%

23.10%

2021

5,412

3,281

8,693

37.74%

22.81%

2020

3,624

2,281

5,905

38.63%

21.51%

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

2025

1,288

961

2,249

42.73%

49.08%

2024

835

633

1,468

43.12%

47.46%

2023

678

320

998

32.06%

47.29%

2022

592

352

944

37.29%

45.44%

2021

669

420

1,089

38.57%

44.40%

2020

533

268

801

33.46%

42.45%

Commercial Multiple Peril

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

2025

117

137

254

53.94%

42.44%

2024

352

996

1,348

73.89%

41.75%

2023

108

354

462

76.62%

38.64%

2022

181

271

66.79%

39.39%

2021

113

209

322

64.91%

40.41%

2020

206

473

679

69.66%

48.09%

Homeowners & Farmowners

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

2025

58.82%

38.98%

2024

139

48.20%

39.58%

2023

407

175

582

30.07%

36.96%

2022

548

449

997

45.04%

37.07%

2021

746

856

1,602

53.43%

39.17%

2020

951

1,027

1,978

51.92%

35.42%

Medical Professional 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

2024

100.00%

96.08%

2021

85.71%

93.58%

2020

100.00%

94.02%

Medical Professional 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

100.00%

92.52%

2021

0.00%

91.74%

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

2025

135

46.67%

83.87%

2024

81.01%

81.44%

2023

79.27%

74.87%

2022

135

181

316

57.28%

72.69%

2021

102

123

225

54.67%

79.01%

2020

192

154

346

44.51%

80.13%

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

2025

773

2,037

2,810

72.49%

13.25%

2024

842

1,853

2,695

68.76%

12.32%

2023

645

1,290

1,935

66.67%

16.34%

2022

329

842

1,171

71.90%

11.13%

2021

572

2,610

3,182

82.02%

18.93%

2020

546

1,643

2,189

75.06%

20.93%

Private Passenger 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

2025

1,595

413

2,008

20.57%

45.21%

2024

976

1,710

2,686

63.66%

45.23%

2023

294

131

425

30.82%

44.64%

2022

104

190

45.26%

46.15%

2021

279

347

19.60%

46.87%

2020

114

68.42%

43.90%

Product 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

2022

0.00%

77.84%

2021

0.00%

84.45%

Product 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

2020

50.00%

61.51%

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

2025

474

530

10.57%

34.83%

2024

573

287

860

33.37%

35.33%

2023

703

787

10.67%

35.67%

2022

742

840

11.67%

37.14%

2021

861

111

972

11.42%

35.46%

2020

785

142

927

15.32%

33.86%