B
Spartan Property Ins Co
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.30
Risk Adjusted
Capital Ratio #2
1.70
Loss
Ratio
5.40%
Total
Assets
35.95M
Capital
28.04M
Net
Premiums
12.18M
Net
Income
986.39K
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Weiss Ratings Spartan Property Ins Co
Spartanburg, SC 		Click to
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Rating B
Capitalization Index 8.00
Investment Safety Index --
Liquidity Index 7.80
Profitability Index 6.10
Reserve Adequacy Index 9.10
Stability Index 5.40
Company Info Spartan Property Ins Co
Spartanburg, SC 		Click to
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Industry P&C
NAIC Number 18406
Phone Number (864) 237-6151
Website --
Address 181 Security Place Spartanburg, SC 29307
Balance Sheet Spartan Property Ins Co
Spartanburg, SC 		Click to
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Total Assets 35.95M
Capital and Reserves Spartan Property Ins Co
Spartanburg, SC 		Click to
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Risk-Adjusted Capital Ratio #1 2.30
Risk-Adjusted Capital Ratio #2 1.70
1-Year Reserve Development -20.00%
2-Year Reserve Development -50.00%
Capital 28.04M
Premium to Surplus 40.00%
Reserves to Surplus 0.00%
Investments Spartan Property Ins Co
Spartanburg, SC 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Spartan Property Ins Co
Spartanburg, SC 		Click to
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Medical Loss Ratio --
Cash From Underwriting 130.00%
Combined Ratio 80.00%
Expense Ratio 70.00%
Loss Ratio 5.40%
Net Premium Growth 20.00%
Other Medical Spartan Property Ins Co
Spartanburg, SC 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Spartan Property Ins Co
Spartanburg, SC 		Click to
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Net Income 986.39K
Net Premium 12.18M
Health Premium --