B
Granada Indemnity Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.60
Risk Adjusted
Capital Ratio #2
1.10
Loss
Ratio
47.84%
Total
Assets
166.90M
Capital
42.64M
Net
Premiums
86.85M
Net
Income
-145.22K
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Weiss Ratings Granada Indemnity Co
Long Beach, NY 		Click to
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Rating B
Capitalization Index 7.10
Investment Safety Index --
Liquidity Index 8.10
Profitability Index 5.30
Reserve Adequacy Index 7.00
Stability Index 5.80
Company Info Granada Indemnity Co
Long Beach, NY 		Click to
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Industry P&C
NAIC Number 38148
Phone Number (516) 431-9191
Website www.granadaindemnity.com
Address 370 West Park Avenue Long Beach, NY 11561
Balance Sheet Granada Indemnity Co
Long Beach, NY 		Click to
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Total Assets 166.90M
Capital and Reserves Granada Indemnity Co
Long Beach, NY 		Click to
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Risk-Adjusted Capital Ratio #1 1.60
Risk-Adjusted Capital Ratio #2 1.10
1-Year Reserve Development -440.00%
2-Year Reserve Development -730.00%
Capital 42.64M
Premium to Surplus 210.00%
Reserves to Surplus 60.00%
Investments Granada Indemnity Co
Long Beach, NY 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Granada Indemnity Co
Long Beach, NY 		Click to
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Medical Loss Ratio --
Cash From Underwriting 150.00%
Combined Ratio 80.00%
Expense Ratio 30.00%
Loss Ratio 47.84%
Net Premium Growth 110.00%
Other Medical Granada Indemnity Co
Long Beach, NY 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Granada Indemnity Co
Long Beach, NY 		Click to
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Net Income -145.22K
Net Premium 86.85M
Health Premium --