C
National Summit Ins Co
Irving,  TX
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.00
Risk Adjusted
Capital Ratio #2
0.70
Loss
Ratio
97.92%
Total
Assets
246.12M
Capital
56.05M
Net
Premiums
69.52M
Net
Income
-5.49M
My Lists My Alerts
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
179
181
360
50.28%
22.80%
2023
68
181
249
72.69%
22.83%
2022
5
1
6
16.67%
23.10%
2021
0
0
0
0.00%
22.81%
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
133
110
243
45.27%
47.78%
2023
47
110
157
70.06%
47.29%
2022
18
7
25
28.00%
45.44%
2021
0
0
0
0.00%
44.40%
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
7
0
7
0.00%
41.49%
2023
8
5
13
38.46%
38.64%
2022
5
0
5
0.00%
39.39%
2021
0
0
0
0.00%
40.41%
2020
0
1
1
100.00%
48.09%
2019
0
0
0
0.00%
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
3,914
1,553
5,467
28.41%
39.63%
2023
3,924
1,659
5,583
29.72%
36.96%
2022
2,736
1,457
4,193
34.75%
37.07%
2021
3,225
2,540
5,765
44.06%
39.17%
2020
3,583
1,689
5,272
32.04%
35.42%
2019
4,748
2,404
7,152
33.61%
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
0
2
0.00%
81.20%
2023
0
0
0
0.00%
74.87%
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
24
6
30
20.00%
12.77%
2023
7
7
14
50.00%
16.34%
2022
11
7
18
38.89%
11.13%
2021
10
8
18
44.44%
18.93%
2020
13
10
23
43.48%
20.93%
2019
11
8
19
42.11%
16.90%
Product 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
0
0
0
0.00%
83.13%
2023
0
0
0
0.00%
68.07%
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
2023
0
0
0
0.00%
62.55%
2022
0
0
0
0.00%
56.52%
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
10
3
13
23.08%
35.29%
2023
0
0
0
0.00%
35.67%