Essentia Ins Co
Major Rating Factors:
Vulnerable liquidity (1.4 on a scale of 0 to 10) as a spike in claims may stretch capacity. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.8) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
Good overall profitability index (5.1). Excellent expense controls. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (73.6%), other (26.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (8.5%), other (91.5%)
Corporate Info
Group Affiliation
Markel Group Inc
Investment Rating
Company Address
4521 Highwoods Parkway
Glen Allen, VA 23060
Glen Allen, VA 23060
Phone Number
(847) 572-6387
NAIC Number
37915
Website
Largest Affiliates