Business Services Industry
3: SCOTTSDALE INSURANCE CO.(Scottsdale Insurance Co.'s profits for 1998 and 1997)
Business Insurance, October, 1999 by Kochanie, Joanne Wojcik
Scottsdale Insurance Co. 8877 N. Gainey Center Drive, Scottsdale, Ariz. 85258; 480-948-0505; fax: 480-483-6752 1998 1997 Gross premiums $1,093,443,217 $1,114,198,849 Non-admitted $453,303,111 $491,060,055 Commercial risks 87.5% 88.3% Net premiums $333,621,690 $327,032,443 Paid-in capital $6,027,200 $6,027,200 Capital & surplus $243,048,828 $211,078,908 Employees 1,009 1,087 Combined ratio 108.2% 104.3% Rating agency 108.9% 105.0% Net income $30,563,073 $17,528,408 Best's rating A p A p S&P rating N/A AA Although production was down in 1998 at Scottsdale Insurance Co., profits were up.
Gross premiums written on a direct, non-admitted...
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