Statutory Financials

SeaBright's disciplined underwriting philosophy and conservative management style have helped us remain strong and stable, even during challenging economic cycles. The company's strong financial position has earned an A- IX (excellent) rating from A.M. Best, the financial strength rating standard for the insurance industry.1

2011 Statutory Financial Results
The following are the year to date results for the period ending 9-30-11.

  • Gross Written Premium - $226 million
  • Net Written Premium - $194 million
  • Policyholder Surplus - $289 million
  • Total Assets - $890 million


Quarterly Statement as of Sept. 30, 2011
Annual Statement for the Year Ended 12-31-2010

1 SeaBright has a rating of "A-" or "Excellent" from A.M. Best, which assigns this rating to companies who have, in their opinion, "an excellent ability to meet their ongoing obligations to policyholders." A.M. Best ratings range from "A++" (Superior) to "F" (In Liquidation), and ratings from "A++" to "B+" are considered "Secure."