E
Adirondack Ins Exchange
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.40
Risk Adjusted
Capital Ratio #2
0.30
Loss
Ratio
73.48%
Total
Assets
245.03M
Capital
20.69M
Net
Premiums
190.09M
Net
Income
-16.48M
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
2023
9,648
1,448
11,096
13.05%
22.82%
2022
11,479
1,721
13,200
13.04%
23.10%
2021
11,463
1,820
13,283
13.70%
22.81%
2020
9,531
1,665
11,196
14.87%
21.51%
2019
12,117
2,426
14,543
16.68%
22.66%
2018
11,267
2,457
13,724
17.90%
21.92%
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
2023
2,720
1,701
4,421
38.48%
36.96%
2022
3,437
199
3,636
5.47%
37.08%
2021
5,594
3,799
9,393
40.45%
39.17%
2020
6,919
3,645
10,564
34.50%
35.42%
2019
9,076
4,118
13,194
31.21%
35.34%
2018
3,573
1,631
5,204
31.34%
34.35%
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
2023
0
4
4
100.00%
16.34%
2022
0
2
2
100.00%
11.13%
2021
0
4
4
100.00%
18.93%
2020
0
7
7
100.00%
20.93%
2019
0
7
7
100.00%
16.90%
2018
1
5
6
83.33%
11.94%
Private Passenger 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
2023
2,643
1,857
4,500
41.27%
44.64%
2022
2,836
2,039
4,875
41.83%
46.15%
2021
3,247
2,340
5,587
41.88%
46.87%
2020
3,557
2,218
5,775
38.41%
43.90%
2019
5,603
3,631
9,234
39.32%
42.09%
2018
5,081
3,080
8,161
37.74%
39.60%