B
Praetorian 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
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Major Rating Factors: Good overall results on stability tests (5.3 on a scale of 0 to 10) despite negative cash flow from operations for 2024. Fair profitability index (3.3) with operating losses during 2020. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors: Ample reserve history (7.0) that can protect against increases in claims costs. Vulnerable liquidity (1.7) as a spike in claims may stretch capacity.
Stability Factors: F - Negative cash flow. L - Past results on our liquidity tests. R - Concerns about the financial strength of its reinsurers. 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