Major Rating Factors:
Fair profitability index (3.6 on a scale of 0 to 10) with operating losses during 2020, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -1.9%. History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.9) despite excessive premium growth, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Superior liquidity (10.0) 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.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
OH, PA
Principal Investments:
Investment grade bonds (89.6%), cash (9.5%), preferred stock (0.9%)
Corporate Info
Group Affiliation
Fundacion Mapfre Estudios
Investment Rating
--
Company Address
211 Main Street
Webster, MA 01570
Webster, MA 01570
Phone Number
(508) 943-9000
NAIC Number
15736
Website
Largest Affiliates