C
Falls Lake Fire & Casualty Co
Raleigh,  NC
Rating Date
June 2026
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.79
Risk Adjusted
Capital Ratio #2
0.45
Loss
Ratio
79.47%
Total
Assets
558.41M
Capital
124.98M
Net
Premiums
96.70M
Net
Income
12.75M
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
2025
77
0
77
0.00%
23.88%
2024
147
0
147
0.00%
23.31%
2023
94
0
94
0.00%
22.83%
2022
73
14
87
16.09%
23.10%
2021
110
24
134
17.91%
22.81%
2020
35
8
43
18.60%
21.51%
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
2025
403
21
424
4.95%
49.08%
2024
497
19
516
3.68%
47.46%
2023
291
28
319
8.78%
47.29%
2022
152
107
259
41.31%
45.44%
2021
167
120
287
41.81%
44.40%
2020
25
29
54
53.70%
42.45%
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
2025
5
1
6
16.67%
42.44%
2024
6
0
6
0.00%
41.75%
2023
13
2
15
13.33%
38.64%
2022
11
4
15
26.67%
39.39%
2021
2
1
3
33.33%
40.41%
2020
4
7
11
63.64%
48.09%
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
3
0
3
0.00%
36.96%
2022
2
1
3
33.33%
37.07%
2021
4
1
5
20.00%
39.17%
Medical Professional 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
2025
0
7
7
100.00%
95.15%
2024
1
6
7
85.71%
96.08%
2023
0
15
15
100.00%
95.22%
2022
0
6
6
100.00%
96.00%
2021
1
12
13
92.31%
93.58%
2020
0
6
6
100.00%
94.02%
Medical Professional 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
2025
0
0
0
0.00%
94.16%
2024
0
0
0
0.00%
92.29%
2023
0
0
0
0.00%
92.52%
2022
0
0
0
0.00%
92.14%
2021
0
0
0
0.00%
91.74%
2020
0
0
0
0.00%
93.85%
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
2025
6
24
30
80.00%
83.87%
2024
6
19
25
76.00%
81.44%
2023
3
22
25
88.00%
74.87%
2022
4
3
7
42.86%
72.69%
2021
4
16
20
80.00%
79.01%
2020
1
5
6
83.33%
80.13%
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
2025
28
152
180
84.44%
13.25%
2024
35
137
172
79.65%
12.32%
2023
29
188
217
86.64%
16.34%
2022
29
191
220
86.82%
11.13%
2021
31
222
253
87.75%
18.93%
2020
8
79
87
90.80%
20.93%
Private Passenger 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
2025
0
1
1
100.00%
45.21%
2024
0
1
1
100.00%
45.23%
2023
0
3
3
100.00%
44.64%
2022
38
31
69
44.93%
46.15%
2021
166
124
290
42.76%
46.87%
2020
54
54
108
50.00%
43.90%
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
2025
0
4
4
100.00%
84.76%
2024
0
0
0
0.00%
84.35%
2023
0
9
9
100.00%
68.07%
2022
0
5
5
100.00%
77.84%
2021
0
4
4
100.00%
84.45%
2020
0
1
1
100.00%
83.02%
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
2025
1
15
16
93.75%
63.59%
2024
1
5
6
83.33%
63.97%
2023
1
5
6
83.33%
62.55%
2022
1
6
7
85.71%
56.52%
2021
2
9
11
81.82%
62.74%
2020
2
15
17
88.24%
61.51%
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
2025
0
0
0
0.00%
34.83%
2024
62
0
62
0.00%
35.33%
2023
250
0
250
0.00%
35.67%
2022
223
14
237
5.91%
37.14%
2021
250
16
266
6.02%
35.46%
2020
88
5
93
5.38%
33.86%