C
Safepoint Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.60
Risk Adjusted
Capital Ratio #2
1.70
Loss
Ratio
-11.90%
Total
Assets
158.11M
Capital
51.64M
Net
Premiums
-70.74M
Net
Income
-4.42M
My Lists My Alerts
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
2023
106
123
229
53.71%
38.64%
2022
63
123
186
66.13%
39.39%
2021
292
199
491
40.53%
40.41%
2020
73
120
193
62.18%
48.09%
2019
14
65
79
82.28%
43.30%
2018
26
25
51
49.02%
41.13%
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
2023
1,437
665
2,102
31.64%
36.96%
2022
2,151
1,307
3,458
37.80%
37.08%
2021
900
549
1,449
37.89%
39.17%
2020
1,048
610
1,658
36.79%
35.42%
2019
536
1,504
2,040
73.73%
35.34%
2018
1,005
650
1,655
39.27%
34.35%
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
2023
8
6
14
42.86%
16.34%
2022
25
17
42
40.48%
11.13%
2021
15
11
26
42.31%
18.93%
2020
19
12
31
38.71%
20.93%
2019
14
36
50
72.00%
16.90%
2018
24
17
41
41.46%
11.94%