B
Falls Lake National Ins Co
Raleigh,  NC
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.20
Risk Adjusted
Capital Ratio #2
1.10
Loss
Ratio
79.03%
Total
Assets
2.36B
Capital
240.61M
Net
Premiums
48.57M
Net
Income
1.35M
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
39
0
39
0.00%
22.82%
2022
30
6
36
16.67%
23.10%
2021
45
10
55
18.18%
22.81%
2020
58
13
71
18.31%
21.51%
2019
26
18
44
40.91%
22.66%
2018
25
9
34
26.47%
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
120
11
131
8.40%
47.27%
2022
63
44
107
41.12%
45.41%
2021
69
49
118
41.53%
44.40%
2020
42
48
90
53.33%
42.42%
2019
40
82
122
67.21%
44.33%
2018
113
184
297
61.95%
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
5
1
6
16.67%
38.64%
2022
5
2
7
28.57%
39.39%
2021
1
0
1
0.00%
40.41%
2020
6
12
18
66.67%
48.09%
2019
6
7
13
53.85%
43.30%
2018
6
4
10
40.00%
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
1
0
1
0.00%
36.96%
2022
1
0
1
0.00%
37.08%
2021
2
0
2
0.00%
39.17%
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
2023
0
6
6
100.00%
95.21%
2022
0
3
3
100.00%
96.00%
2021
0
5
5
100.00%
93.58%
2020
1
10
11
90.91%
94.02%
2019
1
10
11
90.91%
94.59%
2018
1
15
16
93.75%
94.39%
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%
2020
0
0
0
0.00%
93.85%
2019
0
1
1
100.00%
93.92%
2018
0
6
6
100.00%
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
1
9
10
90.00%
74.81%
2022
2
1
3
33.33%
73.22%
2021
1
7
8
87.50%
79.01%
2020
2
9
11
81.82%
80.13%
2019
1
11
12
91.67%
77.47%
2018
2
12
14
85.71%
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
12
77
89
86.52%
16.34%
2022
12
79
91
86.81%
11.13%
2021
13
91
104
87.50%
18.93%
2020
13
132
145
91.03%
20.93%
2019
22
162
184
88.04%
16.90%
2018
14
114
128
89.06%
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
2023
0
1
1
100.00%
44.64%
2022
15
13
28
46.43%
46.15%
2021
69
51
120
42.50%
46.87%
2020
90
90
180
50.00%
43.90%
2019
35
200
235
85.11%
42.09%
2018
8
34
42
80.95%
39.60%
Product 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
0
4
4
100.00%
68.07%
2022
0
2
2
100.00%
77.84%
2021
0
2
2
100.00%
84.45%
2020
0
2
2
100.00%
83.02%
2019
0
1
1
100.00%
81.57%
2018
0
2
2
100.00%
88.64%
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
0
2
2
100.00%
62.55%
2022
0
3
3
100.00%
56.52%
2021
1
4
5
80.00%
62.74%
2020
4
26
30
86.67%
61.51%
2019
10
56
66
84.85%
70.02%
2018
6
44
50
88.00%
70.45%
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
103
0
103
0.00%
35.70%
2022
92
6
98
6.12%
37.14%
2021
103
7
110
6.36%
35.46%
2020
146
8
154
5.19%
33.86%
2019
140
38
178
21.35%
34.01%
2018
183
32
215
14.88%
32.34%