B
Granite Re Inc
Rating Date
June 2026
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: Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (4.9) including. The largest net exposure for one risk is excessive at 5.2% of capital. Strengths include potentially strong support from affiliation with Federated Mutual Ins Co. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors: Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (8.8).
Stability Factors: G - Fast asset or premium growth.
Principal Lines of Business: Fin guar/surety (46.3%), personal/comm auto (16.5%), work comp (6.6%), fire (3.6%), comm multi (3.0%), product liab. (1.4%), other (22.6%)
Licensed in: All states except AK, HI, NY
Principal Investments: Investment grade bonds (96.3%), non investment grade bonds (0.8%), cash (0.1%), other (2.9%)
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
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Corporate Info
Group Affiliation
Federated Mutual Ins Co
Investment Rating
--
Company Address
14001 Quailbrook Drive
Oklahoma City, OK 73134
Phone Number
(405) 752-2600
NAIC Number
26310
Largest Affiliates
A
Owatonna, MN - P&C
C
OWATONNA, MN - L&A
A
Owatonna, MN - P&C
A
Owatonna, MN - P&C
C
Owatonna, MN - P&C