B
Safeport Ins Co
Raleigh,  NC
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.90
Risk Adjusted
Capital Ratio #2
1.50
Loss
Ratio
60.35%
Total
Assets
192.10M
Capital
81.51M
Net
Premiums
18.19M
Net
Income
-5.50M
My Lists My Alerts
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
15
11
26
42.31%
38.64%
2022
6
1
7
14.29%
39.39%
2021
15
9
24
37.50%
40.41%
2020
1
0
1
0.00%
48.09%
2019
11
11
22
50.00%
43.30%
2018
7
10
17
58.82%
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
774
710
1,484
47.84%
36.96%
2022
1,128
889
2,017
44.08%
37.08%
2021
2,682
1,307
3,989
32.77%
39.17%
2020
774
257
1,031
24.93%
35.42%
2019
215
123
338
36.39%
35.34%
2018
162
76
238
31.93%
34.35%
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
2021
0
0
0
0.00%
79.01%
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
1
2
3
66.67%
16.34%
2022
2
1
3
33.33%
11.13%
2021
0
0
0
0.00%
18.93%
2020
0
1
1
100.00%
20.93%
2019
1
0
1
0.00%
16.90%
2018
0
1
1
100.00%
11.94%