Clear Spring P&C Co
Major Rating Factors:
Fair long-term capitalization index (3.6 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Fair profitability index (2.9) with operating losses during 2020, 2021 and the first six months of 2025. Average return on equity over the last five years has been poor at -16.8%. Good liquidity (5.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.5) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
G - Fast asset or premium growth.
Principal Lines of Business:
Work comp (64.6%), personal/comm auto (21.5%), comm multi (6.7%), other (7.3%)
Licensed in:
All states and GU
Principal Investments:
Investment grade bonds (50.6%), common stock (37.6%), cash (4.0%), non investment grade bonds (2.3%), other (5.6%)
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
Largest Affiliates