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:

2024-07-01


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
2022 Total Property & Casualty 0.02% $7,529,705 $7,686,213 $3,974,128 $5,921,353 77.04 %
2022 Total Fire & Allied Lines 0.48% $5,697,394 $5,575,604 $3,100,560 $4,663,071 83.63 %
2022 Commercial Fire & Allied Lines 0.80% $5,697,394 $5,575,604 $3,100,560 $4,663,071 83.63 %
2022 Commercial Multi-Peril 0.00% $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 0.00% $17,798 $11,553 $0 $-13 -0.11 %
2022 Direct Workers Compensation 0.02% $772,848 $867,578 $893,391 $986,005 N/A
2022 Other Liability - Bodily Injury & Property Damage 0.01% $177,242 $318,667 $31,292 $438,863 N/A
2022 Products Liability 0.04% $40,351 $39,166 $0 $-74,662 -190.63 %
2022 Total Commercial Automobile 0.03% $697,369 $743,000 $-51,115 $-78,947 -10.63 %
2022 Commercial Auto Liability Bodily Injury 0.03% $317,022 $341,391 $14,423 $-26,405 -7.73 %
2022 Commercial Auto Liability Property Damage 0.04% $170,704 $183,059 $7,766 $-14,218 -7.77 %
2022 Commercial Auto Medical Payments 0.04% $8,338 $8,159 $0 $0 0.00 %
2022 Commercial Auto Uninsured Motorists 0.03% $30,531 $29,287 $0 $0 0.00 %
2022 Commercial Auto Comprehensive 0.03% $83,914 $84,195 $-36,020 $-18,831 -22.37 %
2022 Commercial Auto Collision 0.02% $86,860 $96,909 $-37,284 $-19,493 -20.11 %
2022 Boiler & Machinery 0.02% $22,151 $24,386 $0 $-3,722 -15.26 %
2022 Private Flood 0.00% $58 $662 $0 $0 0.00 %
2021 Total Property & Casualty 0.02% $6,832,573 $6,088,216 $2,867,481 $2,942,500 48.33 %
2021 Total Fire & Allied Lines 0.29% $4,526,664 $3,800,275 $645,128 $1,471,561 38.72 %
2021 Commercial Fire & Allied Lines 0.73% $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 0.03% $925,120 $1,059,495 $241,061 $189,897 17.92 %
2021 Other Liability - Bodily Injury & Property Damage 0.02% $543,600 $479,799 $855,184 $564,538 N/A
2021 Products Liability 0.04% $46,240 $40,816 $0 $-141,352 -346.32 %
2021 Total Commercial Automobile 0.03% $730,381 $644,841 $1,126,108 $887,600 N/A
2021 Commercial Auto Liability Bodily Injury 0.03% $355,956 $283,940 $661,284 $481,762 N/A
2021 Commercial Auto Liability Property Damage 0.04% $150,309 $151,854 $356,076 $3 0.00 %
2021 Commercial Auto Medical Payments 0.05% $8,338 $8,159 $0 $0 0.00 %
2021 Commercial Auto Uninsured Motorists 0.04% $30,531 $29,287 $0 $175,000 N/A
2021 Commercial Auto Comprehensive 0.03% $70,719 $67,346 $75 $37,459 55.62 %
2021 Commercial Auto Collision 0.03% $114,528 $104,255 $108,673 $193,376 N/A
2021 Boiler & Machinery 0.02% $20,950 $15,094 $0 $1,729 11.45 %
2021 National Flood Insurance Program 0.00% $1,000 $389 $0 $0 0.00 %

Enforcements

The department has not taken enforcement action against this company in the past three years.

Link to Enforcements Page


Complaint Index

This company does not have any complaint information.

Link to Complaint Index Page

Company 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

SompoJapanOrder.pdf


Financial Exams

This company does not have any financial exams.