Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.6) including excessive premium growth. Strengths include potentially strong support from affiliation with Charter Management Co Inc. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.9% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
MA
Principal Investments:
Investment grade bonds (84.5%), other (15.5%)
Corporate Info
Group Affiliation
Charter Management Co Inc
Investment Rating
--
Company Address
25 New Chardon Street
Boston, MA 02114
Boston, MA 02114
Phone Number
(617) 488-6500
NAIC Number
11984
Website
Largest Affiliates