A
SummitPoint Ins Co
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
4.00
Risk Adjusted
Capital Ratio #2
2.60
Loss
Ratio
70.70%
Total
Assets
108.84M
Capital
36.88M
Net
Premiums
24.25M
Net
Income
539.53K
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Weiss Ratings SummitPoint Ins Co
Charleston, WV 		Click to
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Rating A
Capitalization Index 9.30
Investment Safety Index --
Liquidity Index 8.50
Profitability Index 6.90
Reserve Adequacy Index 9.30
Stability Index 6.70
Company Info SummitPoint Ins Co
Charleston, WV 		Click to
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Industry P&C
NAIC Number 15136
Phone Number (304) 941-1000
Website www.encova.com
Address 400 Quarrier Street Charleston, WV 25301
Balance Sheet SummitPoint Ins Co
Charleston, WV 		Click to
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Total Assets 108.84M
Capital and Reserves SummitPoint Ins Co
Charleston, WV 		Click to
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Risk-Adjusted Capital Ratio #1 4.00
Risk-Adjusted Capital Ratio #2 2.60
1-Year Reserve Development -310.00%
2-Year Reserve Development -370.00%
Capital 36.88M
Premium to Surplus 70.00%
Reserves to Surplus 110.00%
Investments SummitPoint Ins Co
Charleston, WV 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios SummitPoint Ins Co
Charleston, WV 		Click to
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Medical Loss Ratio --
Cash From Underwriting 110.00%
Combined Ratio 100.00%
Expense Ratio 30.00%
Loss Ratio 70.70%
Net Premium Growth 10.00%
Other Medical SummitPoint Ins Co
Charleston, WV 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability SummitPoint Ins Co
Charleston, WV 		Click to
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Net Income 539.53K
Net Premium 24.25M
Health Premium --