Major Rating Factors:
Fair reserve development (4.9 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.3) with operating losses during 2020, 2021, 2022, 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -6.3%. Good overall results on stability tests (5.0) including negative cash flow from operations for 2024.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
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:
Work comp (100.0%)
Licensed in:
MA, ME, NH, RI
Principal Investments:
Investment grade bonds (74.0%), common stock (23.8%), cash (0.8%), other (1.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
465 Waverley Oaks Road
Waltham, MA 02452
Waltham, MA 02452
Phone Number
(617) 244-5730
NAIC Number
13374
Website
Largest Affiliates
No affiliate information available.