B
Penn-America Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.10
Risk Adjusted
Capital Ratio #2
1.20
Loss
Ratio
56.55%
Total
Assets
106.47M
Capital
35.03M
Net
Premiums
26.54M
Net
Income
3.90M
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
2024
0
1
1
100.00%
22.80%
2023
6
6
12
50.00%
22.83%
2022
109
147
256
57.42%
23.10%
2021
106
45
151
29.80%
22.81%
2020
232
66
298
22.15%
21.51%
2019
118
113
231
48.92%
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
2023
3
1
4
25.00%
47.29%
2022
10
2
12
16.67%
45.44%
2021
8
1
9
11.11%
44.40%
2020
8
1
9
11.11%
42.45%
2019
5
2
7
28.57%
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
128
135
263
51.33%
41.49%
2023
124
92
216
42.59%
38.64%
2022
156
133
289
46.02%
39.39%
2021
138
119
257
46.30%
40.41%
2020
155
96
251
38.25%
48.09%
2019
119
81
200
40.50%
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
4
4
8
50.00%
39.63%
2023
9
6
15
40.00%
36.96%
2022
136
39
175
22.29%
37.07%
2021
91
33
124
26.61%
39.17%
2020
98
45
143
31.47%
35.42%
2019
125
58
183
31.69%
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
0
0
0
0.00%
81.20%
2023
0
2
2
100.00%
74.87%
2022
1
3
4
75.00%
72.69%
2021
1
3
4
75.00%
79.01%
2020
1
4
5
80.00%
80.13%
2019
1
2
3
66.67%
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
15
44
59
74.58%
12.77%
2023
23
50
73
68.49%
16.34%
2022
46
66
112
58.93%
11.13%
2021
31
56
87
64.37%
18.93%
2020
15
34
49
69.39%
20.93%
2019
17
30
47
63.83%
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%
2023
0
1
1
100.00%
44.64%
2022
0
0
0
0.00%
46.15%
2021
11
3
14
21.43%
46.87%
2020
4
3
7
42.86%
43.90%
2019
29
14
43
32.56%
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
0
0
0
0.00%
64.02%
2023
0
0
0
0.00%
62.55%
2022
0
0
0
0.00%
56.52%
2021
0
0
0
0.00%
62.74%
2020
0
0
0
0.00%
61.51%
2019
0
0
0
0.00%
70.02%