C
Spinnaker Ins Co
Rating Date
June 2026
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.08
Risk Adjusted
Capital Ratio #2
0.73
Loss
Ratio
47.22%
Total
Assets
700.13M
Capital
240.03M
Net
Premiums
204.13M
Net
Income
17.74M
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Weiss Ratings Spinnaker Ins Co
Bedminster, NJ 		Click to
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Rating C
Capitalization Index 5.10
Investment Safety Index --
Liquidity Index 6.80
Profitability Index 8.50
Reserve Adequacy Index 7.00
Stability Index 5.60
Company Info Spinnaker Ins Co
Bedminster, NJ 		Click to
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Industry P&C
NAIC Number 24376
Phone Number (888) 221-7742
Website spinnakerins.com
Address 1 Pluckemin Way Bedminster, NJ 07921
Balance Sheet Spinnaker Ins Co
Bedminster, NJ 		Click to
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Total Assets 700.13M
Capital and Reserves Spinnaker Ins Co
Bedminster, NJ 		Click to
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Risk-Adjusted Capital Ratio #1 1.08
Risk-Adjusted Capital Ratio #2 0.73
1-Year Reserve Development -170.00%
2-Year Reserve Development -170.00%
Capital 240.03M
Premium to Surplus 90.00%
Reserves to Surplus 20.00%
Investments Spinnaker Ins Co
Bedminster, NJ 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 21.11%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Spinnaker Ins Co
Bedminster, NJ 		Click to
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Medical Loss Ratio --
Cash From Underwriting 90.00%
Combined Ratio 80.00%
Expense Ratio 40.00%
Loss Ratio 47.22%
Net Premium Growth 80.00%
Other Medical Spinnaker Ins Co
Bedminster, NJ 		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 Spinnaker Ins Co
Bedminster, NJ 		Click to
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Net Income 17.74M
Net Premium 204.13M
Health Premium --