Spinnaker Ins Co
Major Rating Factors:
Good long-term capitalization index (6.3 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.8) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.0% of capital.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent profitability index (8.6) with small operating losses during 2021 and the first three months of 2025.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (61.9%), comm multi (17.4%), personal/comm auto (7.7%), fire (1.0%), other (11.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (46.1%), common stock (19.8%), real estate (9.0%), cash (1.8%), other (23.2%)
Corporate Info
Group Affiliation
Hippo Holdings Inc
Investment Rating
Company Address
One Pluckemin Way
Bedminster, NJ 07921
Bedminster, NJ 07921
Phone Number
(888) 221-7742
NAIC Number
24376
Website
Largest Affiliates