Company search
Company Details
SOMPO AMERICA INSURANCE COMPANY License Status :
Active
NAIC Number :
11126
Phone Number:
7047592200
Company Address:
13146 Ballantyne Corporate Place, Suite 300
Charlotte, NC 28277
Description:
Property and Casualty
License Number:
B419964
Date Admitted:
1981-04-30
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Property & Casualty | 0.10% | $15,947,482 | $14,201,523 | $1,678,279 | $-84,159 | -0.59 % |
| 2023 | Total Fire & Allied Lines | 1.81% | $14,088,796 | $12,309,493 | $727,376 | $-643,315 | -5.23 % |
| 2023 | Commercial Fire & Allied Lines | 4.38% | $14,088,796 | $12,309,493 | $727,376 | $-643,315 | -5.23 % |
| 2023 | Commercial Multi-Peril | 0.01% | $56,563 | $100,107 | $0 | $27,547 | 27.52 % |
| 2023 | Inland Marine (Incl Auto Cargo) | 0.00% | $0 | $0 | $0 | $-1,735 | N/A |
| 2023 | Earthquake | 0.00% | $0 | $10,386 | $0 | $212 | 2.04 % |
| 2023 | Direct Workers Compensation | 0.07% | $801,152 | $825,144 | $835,702 | $540,397 | 65.49 % |
| 2023 | Other Liability - Bodily Injury & Property Damage | 0.02% | $207,130 | $186,832 | $10,200 | $-175,864 | -94.13 % |
| 2023 | Products Liability | 0.17% | $81,571 | $92,967 | $0 | $-10,557 | -11.36 % |
| 2023 | Total Commercial Automobile | 0.07% | $687,522 | $651,126 | $105,001 | $184,676 | 28.36 % |
| 2023 | Commercial Auto Liability Bodily Injury | 0.06% | $329,391 | $310,450 | $50,957 | $71,454 | 23.02 % |
| 2023 | Commercial Auto Liability Property Damage | 0.12% | $172,857 | $162,375 | $27,438 | $37,464 | 23.07 % |
| 2023 | Commercial Auto Medical Payments | 0.00% | $45 | $148 | $0 | $0 | 0.00 % |
| 2023 | Commercial Auto Uninsured Motorists | 0.00% | $720 | $1,589 | $0 | $0 | 0.00 % |
| 2023 | Commercial Auto Comprehensive | 0.08% | $90,594 | $86,693 | $13,064 | $37,197 | 42.91 % |
| 2023 | Commercial Auto Collision | 0.05% | $93,915 | $89,871 | $13,542 | $38,561 | 42.91 % |
| 2023 | Boiler & Machinery | 0.05% | $24,748 | $25,461 | $0 | $-5,554 | -21.81 % |
| 2023 | National Flood Insurance Program | 0.00% | $0 | $7 | $0 | $34 | N/A |
| 2022 | Total Property & Casualty | 0.05% | $7,529,705 | $7,686,213 | $3,974,128 | $5,921,353 | 77.04 % |
| 2022 | Total Fire & Allied Lines | 1.18% | $5,697,394 | $5,575,604 | $3,100,560 | $4,663,071 | 83.63 % |
| 2022 | Commercial Fire & Allied Lines | 1.80% | $5,697,394 | $5,575,604 | $3,100,560 | $4,663,071 | 83.63 % |
| 2022 | Commercial Multi-Peril | 0.01% | $104,494 | $105,597 | $0 | $-7,937 | -7.52 % |
| 2022 | Inland Marine (Incl Auto Cargo) | 0.00% | $0 | $0 | $0 | $-1,305 | N/A |
| 2022 | Earthquake | 0.01% | $17,798 | $11,553 | $0 | $-13 | -0.11 % |
| 2022 | Direct Workers Compensation | 0.07% | $772,848 | $867,578 | $893,391 | $986,005 | N/A |
| 2022 | Other Liability - Bodily Injury & Property Damage | 0.02% | $177,242 | $318,667 | $31,292 | $438,863 | N/A |
| 2022 | Products Liability | 0.09% | $40,351 | $39,166 | $0 | $-74,662 | -190.63 % |
| 2022 | Total Commercial Automobile | 0.07% | $697,369 | $743,000 | $-51,115 | $-78,947 | -10.63 % |
| 2022 | Commercial Auto Liability Bodily Injury | 0.07% | $317,022 | $341,391 | $14,423 | $-26,405 | -7.73 % |
| 2022 | Commercial Auto Liability Property Damage | 0.11% | $170,704 | $183,059 | $7,766 | $-14,218 | -7.77 % |
| 2022 | Commercial Auto Medical Payments | 0.12% | $8,338 | $8,159 | $0 | $0 | 0.00 % |
| 2022 | Commercial Auto Uninsured Motorists | 0.08% | $30,531 | $29,287 | $0 | $0 | 0.00 % |
| 2022 | Commercial Auto Comprehensive | 0.07% | $83,914 | $84,195 | $-36,020 | $-18,831 | -22.37 % |
| 2022 | Commercial Auto Collision | 0.05% | $86,860 | $96,909 | $-37,284 | $-19,493 | -20.11 % |
| 2022 | Boiler & Machinery | 0.06% | $22,151 | $24,386 | $0 | $-3,722 | -15.26 % |
| 2022 | Private Flood | 0.00% | $58 | $662 | $0 | $0 | 0.00 % |
| 2021 | Total Property & Casualty | 0.05% | $6,832,573 | $6,088,216 | $2,867,481 | $2,942,500 | 48.33 % |
| 2021 | Total Fire & Allied Lines | 0.69% | $4,526,664 | $3,800,275 | $645,128 | $1,471,561 | 38.72 % |
| 2021 | Commercial Fire & Allied Lines | 1.36% | $4,526,664 | $3,800,275 | $645,128 | $1,471,561 | 38.72 % |
| 2021 | Commercial Multi-Peril | 0.00% | $37,656 | $46,962 | $0 | $-32,190 | -68.54 % |
| 2021 | Inland Marine (Incl Auto Cargo) | 0.00% | $0 | $0 | $0 | $725 | N/A |
| 2021 | Earthquake | 0.00% | $962 | $545 | $0 | $-8 | -1.47 % |
| 2021 | Direct Workers Compensation | 0.10% | $925,120 | $1,059,495 | $241,061 | $189,897 | 17.92 % |
| 2021 | Other Liability - Bodily Injury & Property Damage | 0.07% | $543,600 | $479,799 | $855,184 | $564,538 | N/A |
| 2021 | Products Liability | 0.11% | $46,240 | $40,816 | $0 | $-141,352 | -346.32 % |
| 2021 | Total Commercial Automobile | 0.08% | $730,381 | $644,841 | $1,126,108 | $887,600 | N/A |
| 2021 | Commercial Auto Liability Bodily Injury | 0.08% | $355,956 | $283,940 | $661,284 | $481,762 | N/A |
| 2021 | Commercial Auto Liability Property Damage | 0.11% | $150,309 | $151,854 | $356,076 | $3 | 0.00 % |
| 2021 | Commercial Auto Medical Payments | 0.13% | $8,338 | $8,159 | $0 | $0 | 0.00 % |
| 2021 | Commercial Auto Uninsured Motorists | 0.10% | $30,531 | $29,287 | $0 | $175,000 | N/A |
| 2021 | Commercial Auto Comprehensive | 0.07% | $70,719 | $67,346 | $75 | $37,459 | 55.62 % |
| 2021 | Commercial Auto Collision | 0.07% | $114,528 | $104,255 | $108,673 | $193,376 | N/A |
| 2021 | Boiler & Machinery | 0.06% | $20,950 | $15,094 | $0 | $1,729 | 11.45 % |
| 2021 | National Flood Insurance Program | 0.01% | $1,000 | $389 | $0 | $0 | 0.00 % |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
This company does not have any complaint information.
Link to Complaint Index PageCompany Changes
Effective Date: 09/01/2002
Comments: The Yasuda Fire & Marine Insurance Co. of America changed its name to Sompo Japan Insurance Co. of America.
Effective Date: 09/01/2014
Comments: Effective 09/01/14 Nipponka Insurance Company Ltd. merged with and into Sompo Japan Insurance Company Ltd.
Market Conduct
Date: 12/06/2012
Financial Exams
This company does not have any financial exams.