B
Granada Indemnity Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.20
Risk Adjusted
Capital Ratio #2
1.50
Loss
Ratio
59.53%
Total
Assets
171.53M
Capital
54.49M
Net
Premiums
110.27M
Net
Income
3.60M
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
46
688
734
93.73%
22.80%
2023
1
8
9
88.89%
22.83%
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
2024
263
623
886
70.32%
47.78%
2023
3
3
6
50.00%
47.29%
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
719
1,310
2,029
64.56%
41.49%
2023
50
16
66
24.24%
38.64%
2022
68
150
218
68.81%
39.39%
2021
16
40
56
71.43%
40.41%
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
796
4,842
5,638
85.88%
39.63%
2023
0
0
0
0.00%
36.96%
2022
1,387
2,411
3,798
63.48%
37.07%
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
1
0
1
0.00%
12.77%
2023
0
0
0
0.00%
16.34%
2022
0
0
0
0.00%
11.13%
2021
0
0
0
0.00%
18.93%
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%
Workers' Compensation
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
20
36
56
64.29%
35.46%
2020
86
26
112
23.21%
33.86%
2019
63
2
65
3.08%
34.01%