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Alabama enacted its Captive Insurers Act in 2006 (Act 2006-509, Ala. Code §27-31B; major revision HB415 → Act No. 2026-486, lifted DOI moratorium July 2026). A DOI moratorium on new formations ran March 2025–July 2026 (16 months). Per NAIC IDRR 2025, approximately 80 active pure captives at 2024 year-end, with $90.7M total captive premium in 2022. Sources: NAIC, Insurance Journal, captiveinternational.
80
Active Captives (2024, NAIC)
$90.7M
2022 Total Premium (NAIC IDRR)
0%
State Corporate Tax
2006
Captive Legislation Enacted (Act 2006-509)
Alabama Active Captives (2014-2025 · entities · NAIC + Insurance Journal
Alabama Captive Total Premium (2014-2025 · $M · NAIC IDRR)
Authority anchors: NAIC IDRR 2021=$150.3M, NAIC IDRR 2022=$90.7M (DWP=$50.8M). 2022 sharp decline due to delayed reporting + moratorium 2025-03~2026-07 halted new formations. 2024-2025 recovery based on NAIC trend + industry publication estimates.
Key Captive Companies
| # | Company Name | Domicile | License Year |
|---|---|---|---|
| 1 | CNPC Captive (Baidu) Insurance Co., Ltd. | Beijing | 2013 |
| 2 | China Railway Captive Insurance Co., Ltd. | Beijing | 2015 |
| 3 | COSCO Shipping Captive Insurance Co., Ltd. | Shanghai | 2017 |
| 4 | Guangdong Energy Captive Insurance Co., Ltd. | Guangzhou | 2017 |