B
Founders Ins Co (IL)
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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
2024
839
416
1,255
33.15%
23.31%
2023
876
438
1,314
33.33%
22.83%
2022
998
474
1,472
32.20%
23.10%
2021
985
442
1,427
30.97%
22.81%
2020
827
352
1,179
29.86%
21.51%
2019
861
463
1,324
34.97%
22.66%
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
2024
146
249
395
63.04%
47.44%
2023
145
249
394
63.20%
47.29%
2022
160
247
407
60.69%
45.44%
2021
140
193
333
57.96%
44.40%
2020
119
165
284
58.10%
42.45%
2019
171
235
406
57.88%
44.33%
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
2024
118
150
268
55.97%
41.75%
2023
117
142
259
54.83%
38.64%
2022
109
124
233
53.22%
39.39%
2021
118
144
262
54.96%
40.41%
2020
108
193
301
64.12%
48.09%
2019
112
145
257
56.42%
43.30%
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
2024
100
62
162
38.27%
39.58%
2023
80
54
134
40.30%
36.96%
2022
83
48
131
36.64%
37.07%
2021
89
46
135
34.07%
39.17%
2020
102
42
144
29.17%
35.42%
2019
62
35
97
36.08%
35.34%
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
2024
2
7
9
77.78%
81.35%
2023
3
7
10
70.00%
74.87%
2022
2
4
6
66.67%
72.69%
2021
2
6
8
75.00%
79.01%
2020
2
7
9
77.78%
80.13%
2019
3
5
8
62.50%
77.47%
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
2024
1
4
5
80.00%
12.20%
2023
1
3
4
75.00%
16.34%
2022
1
2
3
66.67%
11.13%
2021
2
2
4
50.00%
18.93%
2020
1
4
5
80.00%
20.93%
2019
1
3
4
75.00%
16.90%
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
2024
283
494
777
63.58%
45.22%
2023
279
496
775
64.00%
44.64%
2022
294
515
809
63.66%
46.15%
2021
355
474
829
57.18%
46.87%
2020
346
406
752
53.99%
43.90%
2019
452
519
971
53.45%
42.09%
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
2024
0
0
0
0.00%
64.47%
2023
0
0
0
0.00%
62.55%
2022
0
0
0
0.00%
56.52%
2021
0
0
0
0.00%
62.74%
2020
0
1
1
100.00%
61.51%
2019
0
0
0
0.00%
70.02%
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
2024
84
54
138
39.13%
35.33%
2023
91
56
147
38.10%
35.67%
2022
92
56
148
37.84%
37.14%
2021
76
49
125
39.20%
35.46%
2020
58
37
95
38.95%
33.86%
2019
79
45
124
36.29%
34.01%