C
Narragansett Bay 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
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
11
0
11
0.00%
41.49%
2023
7
0
7
0.00%
38.64%
2022
11
2
13
15.38%
39.39%
2021
12
0
12
0.00%
40.41%
2020
10
0
10
0.00%
48.09%
2019
0
0
0
0.00%
43.30%
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
5,476
281
5,757
4.88%
39.63%
2023
6,827
522
7,349
7.10%
36.96%
2022
7,006
987
7,993
12.35%
37.07%
2021
10,739
1,037
11,776
8.81%
39.17%
2020
11,619
1,132
12,751
8.88%
35.42%
2019
7,983
534
8,517
6.27%
35.34%
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
6
5
11
45.45%
12.77%
2023
5
4
9
44.44%
16.34%
2022
9
4
13
30.77%
11.13%
2021
9
3
12
25.00%
18.93%
2020
4
1
5
20.00%
20.93%
2019
4
5
9
55.56%
16.90%