CIK 793547

NAVIGATORS GROUP INC

CIK 0000793547 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

51.4

composite · 4 signals · TRIGGERED

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-07 · FY 2018-12-31 · TRIGGERED66.7

Pension underfunding

DB plan 67% funded — -$1M deficit (0% of equity)

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-28) ↗

Evidence — inputs and thresholds

{
  "benefit_obligation": 2100000,
  "plan_assets": 1400000,
  "funded_ratio": 0.6667,
  "deficit": -700000,
  "deficit_vs_equity": 0.0006,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/793547/000156459019005145/0001564590-19-005145-index.htm",
    "form": "10-K",
    "filed": "2019-02-28"
  }
}

P-01 · FY 2018-12-31 · CLEAN24.3

Earnings quality

Beneish M-Score -2.65 — no manipulation profile

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-28) ↗

Evidence — inputs and thresholds

{
  "m_score": -2.65,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 1,
    "AQI": 1,
    "SGI": 1.098,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 1,
    "TATA": -0.055
  },
  "defaulted_to_neutral": [
    "DSRI",
    "GMI",
    "AQI",
    "DEPI",
    "SGAI",
    "LVGI"
  ],
  "sloan_accruals": -0.0569,
  "inputs": {
    "revenue_t": 1443157000,
    "revenue_t1": 1314479000,
    "total_assets_t": 5603449000,
    "net_income_t": 34239000,
    "cfo_t": 342338000
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/793547/000156459019005145/0001564590-19-005145-index.htm",
    "form": "10-K",
    "filed": "2019-02-28"
  }
}

P-05 · FY 2018-12-31 · CLEAN0.0

Tax arbitrage

ETR 29.5% — within normal range of statutory

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-28) ↗

Evidence — inputs and thresholds

{
  "etr_by_year": {
    "2018-12-31": 0.2951,
    "2017-12-31": 0.4587,
    "2016-12-31": 0.296
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2018-12-31": -0.0851,
    "2017-12-31": -0.2487,
    "2016-12-31": -0.086
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/793547/000156459019005145/0001564590-19-005145-index.htm",
    "form": "10-K",
    "filed": "2019-02-28"
  }
}

P-12 · FY 2018-12-31 · CLEAN22.4

Restatement predictor

F-Score 0.67 — at or below the population base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-28) ↗

Evidence — inputs and thresholds

{
  "f_score": 0.671,
  "probability": 0.00248,
  "components": {
    "rsst": -0.0569,
    "drec": null,
    "dinv": null,
    "soft": 0.9722,
    "dcs": 0.0979,
    "droa": -0.0016,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/793547/000156459019005145/0001564590-19-005145-index.htm",
    "form": "10-K",
    "filed": "2019-02-28"
  }
}