B
Everspan Indem 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: History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair profitability index (4.6) with operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -1.7%. Fair overall results on stability tests (4.0) including weak results on operational trends.
Other Rating Factors: Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. G - Fast asset or premium growth. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (20.6%), work comp (9.1%), fin guar/surety (2.6%), comm multi (0.1%), other (67.6%)
Licensed in: (No states)
Principal Investments: Investment grade bonds (53.1%), common stock (42.5%), other (4.4%)
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
Corporate Info
Group Affiliation
Ambac Financial Group Inc
Investment Rating
Company Address
One World Trade Center
New York, NY 10007
Phone Number
(855) 355-0327
NAIC Number
16882
Largest Affiliates
E
New York, NY - P&C
B
New York, NY - P&C
C
New York, NY - P&C
C
New York, NY - P&C
B