B
Safety National Casualty Corp
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
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Major Rating Factors: Strong long-term capitalization index (7.6 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 (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (8.4).
Other Rating Factors: Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.9). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Work comp (16.6%), personal/comm auto (8.4%), product liab. (0.7%), med mal (0.4%), other (74.0%)
Licensed in: All states and Canada, GU, PR, VI
Principal Investments: Investment grade bonds (53.2%), non investment grade bonds (11.6%), common stock (5.0%), preferred stock (0.6%), real estate (0.3%), cash (0.3%), other (29.0%)
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Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
1832 Schuetz Road
Saint Louis, MO 63146
Phone Number
(314) 692-1369
NAIC Number
15105
Largest Affiliates
C
Schaumburg, IL - L&A
B
Bala Cynwyd, PA - P&C
A
Houston, TX - P&C
B
Houston, TX - P&C
C
White Plains, NY - P&C