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News Abstract
By: NewsAbstract Editorial Team
Topic: Business
April 4, 2026
This news signifies Universal Casualty's exceptional financial stability and prudent management, assuring members of reliable, long-term risk solutions. The adoption of GAAP reporting further enhances transparency and cost-effectiveness, setting a strong precedent for financial health and trust within the RRG and auto service insurance sectors, ultimately benefiting its members.
OKLAHOMA CITY, OK – Universal Casualty Risk Retention Group, Inc., an Oklahoma-based association captive insurer, announces a significant financial milestone: its surplus has doubled to approximately $15.5 million. This achievement, paired with an impressive 553% Risk-Based Capital (RBC) ratio, underscores the company's robust financial health, strategic underwriting discipline, and operational stability within the insurance sector.
Timothy B. Derham, CEO of Universal Casualty, attributes this success to prudent practices. "Our conservative underwriting strategy, combined with a customer-centered claims approach, has been pivotal," stated Derham. He also highlighted the recent ability to report financials under Generally Accepted Accounting Principles (GAAP), enhancing transparency and operational efficiency to deliver cost-effective risk solutions to members.
Founded in 2017 for the Auto Service industry, Universal Casualty continues its growth, reflecting a commitment to strong risk management and member relationships. The organization provides specialized, stable, and flexible insurance solutions tailored to its member organizations, ensuring long-term performance and value. For more information, please visit www.universalcasualty.com.