A
Covenant Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
4.30
Risk Adjusted
Capital Ratio #2
3.10
Loss
Ratio
70.02%
Total
Assets
133.81M
Capital
45.25M
Net
Premiums
51.82M
Net
Income
2.91M
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
2,519
360
2,879
12.50%
22.82%
2022
2,601
317
2,918
10.86%
23.10%
2021
2,352
295
2,647
11.14%
22.81%
2020
2,073
273
2,346
11.64%
21.51%
2019
2,783
387
3,170
12.21%
22.66%
2018
2,833
405
3,238
12.51%
21.92%
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
2023
87
21
108
19.44%
47.27%
2022
94
27
121
22.31%
45.41%
2021
83
18
101
17.82%
44.40%
2020
77
21
98
21.43%
42.42%
2019
127
34
161
21.12%
44.33%
2018
134
33
167
19.76%
44.16%
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
2023
25
23
48
47.92%
38.64%
2022
22
21
43
48.84%
39.39%
2021
28
21
49
42.86%
40.41%
2020
26
47
73
64.38%
48.09%
2019
25
23
48
47.92%
43.30%
2018
33
32
65
49.23%
41.13%
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
116
24
140
17.14%
36.96%
2022
91
18
109
16.51%
37.08%
2021
161
26
187
13.90%
39.17%
2020
151
26
177
14.69%
35.42%
2019
121
23
144
15.97%
35.34%
2018
243
46
289
15.92%
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
0
0
0.00%
16.34%
2022
0
0
0
0.00%
11.13%
2021
0
0
0
0.00%
18.93%
2020
0
0
0
0.00%
20.93%
2019
0
0
0
0.00%
16.90%
2018
0
0
0
0.00%
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
540
133
673
19.76%
44.64%
2022
535
150
685
21.90%
46.15%
2021
472
122
594
20.54%
46.87%
2020
447
108
555
19.46%
43.90%
2019
690
164
854
19.20%
42.09%
2018
709
168
877
19.16%
39.60%
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
2023
8
1
9
11.11%
35.70%
2022
6
2
8
25.00%
37.14%
2021
5
2
7
28.57%
35.46%
2020
5
2
7
28.57%
33.86%
2019
8
2
10
20.00%
34.01%
2018
7
2
9
22.22%
32.34%