Major Rating Factors:
Good long-term capitalization index (6.2 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair profitability index (3.8) with operating losses during 2021, 2022, 2024 and 2025. Fair overall results on stability tests (4.5) including excessive premium growth, weak risk adjusted capital in prior years and negative cash flow from operations for 2025.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (9.6) that helps to protect the company against sharp claims increases.
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:
Reinsurance (100.0%)
Licensed in:
All states except FL, ID, MD, MI
Principal Investments:
Investment grade bonds (69.9%), common stock (10.6%), cash (3.0%), non investment grade bonds (0.6%), other (15.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
Three Batterymarch Park
Quincy, MA 02169
Quincy, MA 02169
Phone Number
(215) 665-5000
NAIC Number
15059
Website
Largest Affiliates
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