B
Blue Ridge Indemnity 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 liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.4) despite excessive premium growth. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors: History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent profitability index (8.4).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. D - Limited diversification of general business, policy, and/or investment risk. G - Fast asset or premium growth. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (20.4%), fire (7.4%), comm multi (4.7%), homeowners (3.5%), fin guar/surety (0.6%), other (63.5%)
Licensed in: CT, DE, MD, NY, PA, VA, WI
Principal Investments: Investment grade bonds (69.7%), common stock (5.0%), cash (2.2%), non investment grade bonds (0.4%), other (22.7%)
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
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Corporate Info
Group Affiliation
Tiptree Inc
Investment Rating
Company Address
10751 Deerwood Park Boulevard
Jacksonville, FL 32256
Phone Number
(904) 350-9660
NAIC Number
40754
Largest Affiliates
C
Jacksonville, FL - P&C
C
Jacksonville, FL - P&C
B
Jacksonville, FL - P&C
C
Woodstock, GA - L&A
C
Jacksonville, FL - P&C