C
Westminster American Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: A history of deficient reserves (2.9 on a scale of 0 to 10) that places pressure on both capital and profits. In 2024 the two year reserve development was 102.8% deficient. Good overall profitability index (5.2) despite operating losses during 2022. Return on equity has been fair, averaging 5.1% over the past five years. Good overall results on stability tests (6.0) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital.
Other Rating Factors: Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
Stability Factors: G - Fast asset or premium growth. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Comm multi (83.4%), personal/comm auto (6.7%), homeowners (1.7%), farmowners (1.6%), other (6.6%)
Licensed in: CO, DC, DE, GA, KY, MA, MD, NC, ND, NJ, NV, OR, PA, SC, TN, VA, VT, WA, WV
Principal Investments: Investment grade bonds (53.8%), cash (38.2%), common stock (3.1%), preferred stock (2.0%), real estate (1.9%), other (0.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Westminster American Ins Co
Investment Rating
--
Company Address
8890 McDonogh Road
Owings Mills, MD 21117
Phone Number
(410) 291-4040
NAIC Number
16098
Largest Affiliates
B
Fargo, ND - P&C
B
Chicago, IL - P&C
B
Fargo, ND - P&C
D
Fargo, ND - P&C
C
Spearfish, SD - P&C