A
Wesco Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.80
Risk Adjusted
Capital Ratio #2
1.30
Loss
Ratio
69.61%
Total
Assets
2.30B
Capital
624.63M
Net
Premiums
701.60M
Net
Income
23.84M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
216
216
432
50.00%
22.82%
2022
1,044
965
2,009
48.03%
23.10%
2021
2,986
356
3,342
10.65%
22.81%
2020
3,193
595
3,788
15.71%
21.51%
2019
1,108
141
1,249
11.29%
22.66%
2018
5
1
6
16.67%
21.92%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
466
12
478
2.51%
47.27%
2022
1,393
225
1,618
13.91%
45.41%
2021
383
46
429
10.72%
44.40%
2020
608
65
673
9.66%
42.42%
2019
1,624
335
1,959
17.10%
44.33%
2018
2,611
921
3,532
26.08%
44.16%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
498
3
501
0.60%
38.64%
2022
361
2
363
0.55%
39.39%
2021
428
11
439
2.51%
40.41%
2020
610
92
702
13.11%
48.09%
2019
724
190
914
20.79%
43.30%
2018
648
395
1,043
37.87%
41.13%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
0
0
0
0.00%
36.96%
2022
0
0
0
0.00%
37.08%
2021
108
21
129
16.28%
39.17%
2020
513
112
625
17.92%
35.42%
2019
0
0
0
0.00%
35.34%
2018
572
196
768
25.52%
34.35%
Medical Professional Liability (Occurrence)
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
0
0
0
0.00%
92.52%
2022
0
0
0
0.00%
92.14%
2021
0
0
0
0.00%
91.74%
2020
0
0
0
0.00%
93.85%
2019
0
0
0
0.00%
93.92%
2018
0
0
0
0.00%
92.98%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
30
1
31
3.23%
74.81%
2022
37
2
39
5.13%
73.22%
2021
27
2
29
6.90%
79.01%
2020
38
6
44
13.64%
80.13%
2019
24
18
42
42.86%
77.47%
2018
17
98
115
85.22%
77.10%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
27
6
33
18.18%
16.34%
2022
27
8
35
22.86%
11.13%
2021
21
14
35
40.00%
18.93%
2020
124
28
152
18.42%
20.93%
2019
226
92
318
28.93%
16.90%
2018
421
175
596
29.36%
11.94%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2022
326
165
491
33.60%
46.15%
2021
653
342
995
34.37%
46.87%
2020
1,005
0
1,005
0.00%
43.90%
2019
0
0
0
0.00%
42.09%
2018
1,723
137
1,860
7.37%
39.60%
Product Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
21
2
23
8.70%
62.55%
2022
18
1
19
5.26%
56.52%
2021
3
0
3
0.00%
62.74%
2020
39
3
42
7.14%
61.51%
2019
86
48
134
35.82%
70.02%
2018
153
75
228
32.89%
70.45%
Warranty
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
11,235
3,109
14,344
21.67%
4.57%
2022
11,043
3,283
14,326
22.92%
4.29%
2021
11,018
3,768
14,786
25.48%
5.64%
2020
12,433
4,970
17,403
28.56%
5.60%
2019
15,194
6,015
21,209
28.36%
6.35%
2018
14,961
7,608
22,569
33.71%
9.76%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
10,822
255
11,077
2.30%
35.70%
2022
9,802
262
10,064
2.60%
37.14%
2021
6,523
213
6,736
3.16%
35.46%
2020
8,084
51
8,135
0.63%
33.86%
2019
10,958
1,284
12,242
10.49%
34.01%
2018
10,051
3,886
13,937
27.88%
32.34%