B
State National Ins Co
BedfordTX
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Loading...
Major Rating Factors: Strong long-term capitalization index (7.7 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent profitability index (8.3) with operating gains in each of the last five years.
Other Rating Factors: Excellent liquidity (7.5) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. G - Fast asset or premium growth.
Principal Lines of Business: Personal/comm auto (42.1%), work comp (7.4%), comm multi (6.9%), fin guar/surety (4.5%), fire (1.0%), homeowners (0.2%), other (37.9%)
Licensed in: All states and PR, VI
Principal Investments: Common stock (62.3%), investment grade bonds (25.1%), cash (5.3%), real estate (1.6%), other (5.6%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Markel Group Inc
Investment Rating
MKL
Company Address
1900 L. Don Dodson Drive
Bedford, TX 76021
Phone Number
(817) 265-2000
NAIC Number
12831
Largest Affiliates
C
Rosemont, IL - P&C
C
Summit, NJ - P&C
B
Glen Allen, VA - P&C
B
Glen Allen, VA - P&C
B
Houston, TX - P&C