Major Rating Factors:
Vulnerable liquidity (0.0 on a scale of 0 to 10) as a spike in claims may stretch capacity. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.1) with operating losses during 2024. Return on equity has been fair, averaging 6.1% over the past five years.
Other Rating Factors:
Good overall results on stability tests (5.6) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (91.9%), personal/comm auto (7.8%), other (0.3%)
Licensed in:
GA, PA
Principal Investments:
Investment grade bonds (85.0%), cash (13.5%), other (1.5%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
290 Congress St.
Boston, MA 02210
Boston, MA 02210
Phone Number
(617) 832-1300
NAIC Number
10745
Website
Largest Affiliates