Production (Stage)
B
Peerless Ins Co
Boston,  MA
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.60
Risk Adjusted
Capital Ratio #2
1.70
Loss
Ratio
70.23%
Total
Assets
22.71B
Capital
6.26B
Net
Premiums
7.70B
Net
Income
449.79M
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
2024
208,732
69,754
278,486
25.05%
22.80%
2023
281,517
93,463
374,980
24.92%
22.83%
2022
313,027
105,959
418,986
25.29%
23.10%
2021
259,686
94,691
354,377
26.72%
22.81%
2020
246,674
69,620
316,294
22.01%
21.51%
2019
300,766
88,682
389,448
22.77%
22.66%
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
2024
5,559
13,816
19,375
71.31%
47.78%
2023
6,305
12,688
18,993
66.80%
47.29%
2022
6,648
10,858
17,506
62.02%
45.44%
2021
4,952
8,159
13,111
62.23%
44.40%
2020
5,403
6,164
11,567
53.29%
42.45%
2019
7,072
7,032
14,104
49.86%
44.33%
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
1,891
1,520
3,411
44.56%
41.49%
2023
2,621
1,908
4,529
42.13%
38.64%
2022
2,927
1,970
4,897
40.23%
39.39%
2021
2,808
1,810
4,618
39.19%
40.41%
2020
3,318
2,147
5,465
39.29%
48.09%
2019
3,710
1,383
5,093
27.15%
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
35,873
24,648
60,521
40.73%
39.63%
2023
54,962
28,025
82,987
33.77%
36.96%
2022
44,340
27,450
71,790
38.24%
37.07%
2021
44,282
30,553
74,835
40.83%
39.17%
2020
40,927
28,611
69,538
41.14%
35.42%
2019
40,159
27,254
67,413
40.43%
35.34%
Medical Professional Liability (Claims Made)
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
72
118
190
62.11%
96.35%
2023
51
97
148
65.54%
95.21%
2022
15
346
361
95.84%
96.00%
2021
5
382
387
98.71%
93.58%
2020
2
32
34
94.12%
94.02%
2019
2
402
404
99.50%
94.59%
Medical Professional 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
38
71
109
65.14%
92.34%
2023
40
71
111
63.96%
92.52%
2022
30
90
120
75.00%
92.14%
2021
26
82
108
75.93%
91.74%
2020
9
26
35
74.29%
93.85%
2019
13
34
47
72.34%
93.92%
Other Liability: Claims Made
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
89
2,630
2,719
96.73%
81.20%
2023
70
1,264
1,334
94.75%
74.87%
2022
69
1,250
1,319
94.77%
72.69%
2021
42
1,339
1,381
96.96%
79.01%
2020
28
1,040
1,068
97.38%
80.13%
2019
75
1,127
1,202
93.76%
77.47%
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
881
2,428
3,309
73.38%
12.77%
2023
961
2,803
3,764
74.47%
16.34%
2022
1,113
2,858
3,971
71.97%
11.13%
2021
993
2,546
3,539
71.94%
18.93%
2020
930
2,970
3,900
76.15%
20.93%
2019
1,485
4,096
5,581
73.39%
16.90%
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
2024
38,036
45,059
83,095
54.23%
45.00%
2023
48,513
61,823
110,336
56.03%
44.64%
2022
53,727
74,451
128,178
58.08%
46.15%
2021
46,600
66,795
113,395
58.90%
46.87%
2020
41,816
48,196
90,012
53.54%
43.90%
2019
56,203
62,326
118,529
52.58%
42.09%
Product Liability: Claims Made
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
0
30
30
100.00%
83.13%
2023
0
17
17
100.00%
68.07%
2022
1
44
45
97.78%
77.84%
2021
0
12
12
100.00%
84.45%
2020
0
7
7
100.00%
83.02%
2019
0
37
37
100.00%
81.57%
Product 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
66
151
217
69.59%
64.02%
2023
70
161
231
69.70%
62.55%
2022
82
171
253
67.59%
56.52%
2021
67
196
263
74.52%
62.74%
2020
81
187
268
69.78%
61.51%
2019
93
257
350
73.43%
70.02%
Warranty
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
2022
0
0
0
0.00%
4.29%
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
2024
15,237
12,321
27,558
44.71%
35.29%
2023
16,071
12,757
28,828
44.25%
35.67%
2022
16,262
16,290
32,552
50.04%
37.14%
2021
14,439
17,172
31,611
54.32%
35.46%
2020
14,376
14,221
28,597
49.73%
33.86%
2019
17,618
12,411
30,029
41.33%
34.01%