Hospitality Mutual Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.8 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023. Fair profitability index (3.2) with operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -5.3%. Fair overall results on stability tests (4.5) including negative cash flow from operations for 2024 and fair risk adjusted capital in prior years.
Other Rating Factors:
History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (3.3%), comm multi (1.7%), other (95.0%)
Licensed in:
MA
Principal Investments:
Investment grade bonds (57.4%), common stock (32.5%), cash (9.9%), other (0.2%)
Corporate Info
Group Affiliation
Hospitality Group Mutual Ins Holding Co
Investment Rating
--
Company Address
106 Southville Road
Southborough, MA 01772
Southborough, MA 01772
Phone Number
(508) 366-1140
NAIC Number
13163
Website
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