B
Praetorian Ins Co
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
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Major Rating Factors: Fair profitability index (3.3 on a scale of 0 to 10) with operating losses during 2020. Average return on equity over the last five years has been poor at -0.4%. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.4) despite negative cash flow from operations for 2024.
Other Rating Factors: Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors: F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (43.9%), work comp (34.2%), personal/comm auto (0.5%), other (21.4%)
Licensed in: All states and GU, PR
Principal Investments: Investment grade bonds (64.6%), common stock (20.8%), cash (4.7%), other (9.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
One QBE Way
Sun Prairie, WI 53596
Phone Number
(800) 362-5448
NAIC Number
37257
Largest Affiliates
B
Sun Prairie, WI - P&C
C
Sun Prairie, WI - P&C
C
Ramsey, MN - P&C
B
Sun Prairie, WI - P&C
B
Sun Prairie, WI - P&C