A
PinnaclePoint Ins Co
Rating Date
November 2024
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 (9.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Other Rating Factors: Good overall profitability index (6.9) with operating gains in each of the last five years. Return on equity has been low, averaging 3.7% over the past five years. Good overall results on stability tests (6.7) despite.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. L - Past results on our liquidity tests. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Work comp (94.8%), personal/comm auto (2.1%), comm multi (1.6%), homeowners (0.6%), other (0.9%)
Licensed in: AL, DC, DE, GA, IA, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, NC, NE, NH, NJ, PA, RI, SC, TN, VA, VT, WI, WV
Principal Investments: Investment grade bonds (94.3%), cash (4.1%), other (1.6%)
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
Encova Mutual Ins Group Inc
Investment Rating
--
Company Address
400 Quarrier Street
Charleston, WV 25301
Phone Number
(304) 941-1000
NAIC Number
15137
Largest Affiliates
A
Charleston, WV - P&C
A
Columbus, OH - P&C
A
B
Columbus, OH - L&A
B
Columbus, OH - P&C
Weiss Ratings