Major Rating Factors:
Good liquidity (6.3 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.8) despite. Stability strengths include good operational trends and good risk diversification. Fair reserve development (4.5) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.1) with operating losses during 2022, 2023 and 2024. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
Principal Lines of Business:
Homeowners (48.4%), comm multi (41.5%), fire (2.6%), personal/comm auto (2.4%), other (5.1%)
Licensed in:
CT, MA, ME, NH, NJ, NY, RI, VT
Principal Investments:
Investment grade bonds (63.7%), common stock (30.0%), cash (1.7%), real estate (1.3%), other (3.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
340 East Avenue
Warwick, RI 02886
Warwick, RI 02886
Phone Number
(401) 827-1800
NAIC Number
15040
Website
Largest Affiliates
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