Clear Spring P&C Co
Major Rating Factors:
Poor long-term capitalization index (1.6 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Vulnerable liquidity (1.0) as a spike in claims may stretch capacity. Fair reserve development (3.4) as reserves have generally been sufficient to cover claims. In 2025 the one year reserve development was 61.7% deficient.
Other Rating Factors:
Fair profitability index (3.0) with operating losses during 2021 and 2025. Fair overall results on stability tests (3.6) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2025.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (57.7%), personal/comm auto (32.1%), comm multi (4.1%), other (6.1%)
Licensed in:
All states and GU
Principal Investments:
Investment grade bonds (67.4%), common stock (9.6%), non investment grade bonds (6.5%), preferred stock (4.2%), cash (1.1%), other (11.3%)
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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