B
Financial Pacific Ins Co
Rating Date
April 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
233
113
346
32.66%
22.80%
2023
124
258
382
67.54%
22.83%
2022
256
128
384
33.33%
23.10%
2021
359
162
521
31.09%
22.81%
2020
923
310
1,233
25.14%
21.51%
2019
1,061
428
1,489
28.74%
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
114
68
182
37.36%
47.78%
2023
72
128
200
64.00%
47.29%
2022
131
69
200
34.50%
45.44%
2021
170
76
246
30.89%
44.40%
2020
446
182
628
28.98%
42.45%
2019
632
315
947
33.26%
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
30
20
50
40.00%
41.49%
2023
19
35
54
64.81%
38.64%
2022
38
21
59
35.59%
39.39%
2021
52
30
82
36.59%
40.41%
2020
105
157
262
59.92%
48.09%
2019
108
95
203
46.80%
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
0
0
0
0.00%
39.63%
2023
0
0
0
0.00%
36.96%
2022
2
1
3
33.33%
37.07%
2021
70
21
91
23.08%
39.17%
2020
330
212
542
39.11%
35.42%
2019
149
112
261
42.91%
35.34%
Medical Professional 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
0
0
0
0.00%
96.35%
2023
0
0
0
0.00%
95.21%
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
0
2
2
100.00%
81.20%
2023
0
0
0
0.00%
74.87%
2022
0
0
0
0.00%
72.69%
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
33
32
65
49.23%
12.77%
2023
42
35
77
45.45%
16.34%
2022
39
35
74
47.30%
11.13%
2021
49
37
86
43.02%
18.93%
2020
119
71
190
37.37%
20.93%
2019
144
96
240
40.00%
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
0
0
0
0.00%
45.00%
2021
13
6
19
31.58%
46.87%
2020
81
35
116
30.17%
43.90%
2019
106
54
160
33.75%
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
8
8
16
50.00%
64.02%
2023
8
11
19
57.89%
62.55%
2022
10
9
19
47.37%
56.52%
2021
14
10
24
41.67%
62.74%
2020
23
13
36
36.11%
61.51%
2019
35
25
60
41.67%
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
45
13
58
22.41%
35.29%
2023
10
40
50
80.00%
35.67%
2022
45
12
57
21.05%
37.14%
2021
63
20
83
24.10%
35.46%
2020
151
46
197
23.35%
33.86%
2019
172
74
246
30.08%
34.01%