B
Granite Re Inc
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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
2024
0
0
0
0.00%
23.31%
2023
214
141
355
39.72%
22.83%
2022
212
141
353
39.94%
23.10%
2021
194
136
330
41.21%
22.81%
2020
174
115
289
39.79%
21.51%
2019
181
134
315
42.54%
22.66%
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
2024
104
112
216
51.85%
47.44%
2023
109
122
231
52.81%
47.29%
2022
103
126
229
55.02%
45.44%
2021
100
130
230
56.52%
44.40%
2020
92
112
204
54.90%
42.45%
2019
111
143
254
56.30%
44.33%
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
2024
40
17
57
29.82%
41.75%
2023
41
17
58
29.31%
38.64%
2022
36
18
54
33.33%
39.39%
2021
31
16
47
34.04%
40.41%
2020
31
18
49
36.73%
48.09%
2019
26
16
42
38.10%
43.30%
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
2024
2
0
2
0.00%
39.58%
2023
4
1
5
20.00%
36.96%
2022
5
1
6
16.67%
37.07%
2021
2
1
3
33.33%
39.17%
2020
3
1
4
25.00%
35.42%
2019
5
2
7
28.57%
35.34%
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
2024
2
2
4
50.00%
81.35%
2023
2
1
3
33.33%
74.87%
2022
2
1
3
33.33%
72.69%
2021
2
2
4
50.00%
79.01%
2020
2
2
4
50.00%
80.13%
2019
2
2
4
50.00%
77.47%
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
2024
21
34
55
61.82%
12.20%
2023
23
44
67
65.67%
16.34%
2022
23
42
65
64.62%
11.13%
2021
29
46
75
61.33%
18.93%
2020
21
44
65
67.69%
20.93%
2019
24
46
70
65.71%
16.90%
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
2024
2
2
4
50.00%
45.22%
2023
2
1
3
33.33%
44.64%
2022
2
1
3
33.33%
46.15%
2021
2
2
4
50.00%
46.87%
2020
2
2
4
50.00%
43.90%
2019
3
2
5
40.00%
42.09%
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
2024
7
5
12
41.67%
64.47%
2023
7
5
12
41.67%
62.55%
2022
8
7
15
46.67%
56.52%
2021
5
5
10
50.00%
62.74%
2020
5
6
11
54.55%
61.51%
2019
8
8
16
50.00%
70.02%
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
2024
81
31
112
27.68%
35.33%
2023
79
34
113
30.09%
35.67%
2022
74
31
105
29.52%
37.14%
2021
78
34
112
30.36%
35.46%
2020
77
35
112
31.25%
33.86%
2019
85
38
123
30.89%
34.01%