Clear Spring P&C Co
Major Rating Factors:
Fair profitability index (2.9 on a scale of 0 to 10) with operating losses during 2020 and 2021. Average return on equity over the last five years has been poor at -16.7%. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Ample reserve history (8.4) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent liquidity (7.3) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (63.9%), personal/comm auto (18.3%), comm multi (9.2%), other (8.6%)
Licensed in:
All states and GU
Principal Investments:
Investment grade bonds (48.3%), common stock (36.8%), cash (10.2%), non investment grade bonds (1.1%), other (3.6%)
Corporate Info
Group Affiliation
DLICM LLC
Investment Rating
--
Company Address
10555 Group 1001 Way
Zionsville, IN 46077
Zionsville, IN 46077
Phone Number
(781) 790-8690
NAIC Number
15563
Website
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