Major Rating Factors:
Strong long-term capitalization index (9.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Good overall profitability index (6.4) despite operating losses during 2023.
Other Rating Factors:
Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.6) despite.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (53.9%), personal/comm auto (41.6%), comm multi (1.1%), fire (0.3%), other (3.1%)
Licensed in:
MA, ME, NH
Principal Investments:
Investment grade bonds (97.5%), other (2.5%)
Corporate Info
Group Affiliation
Safety Ins Group Inc
Investment Rating
Company Address
20 Custom House Street
Boston, MA 02110
Boston, MA 02110
Phone Number
(617) 951-0600
NAIC Number
12808
Website
Largest Affiliates