Major Rating Factors:
Poor long-term capitalization index (1.5 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Weak profitability index (2.1) with operating losses during 2023, 2024 and the first three months of 2025. Weak overall results on stability tests (2.7) including weak risk adjusted capital in prior years and lack of operational experience. The largest net exposure for one risk is excessive at 11.6% of capital.
Other Rating Factors:
Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Superior liquidity (9.1) 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.
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (58.8%), homeowners (39.5%), other (1.7%)
Licensed in:
ID, OH, WA
Principal Investments:
Investment grade bonds (50.1%), cash (49.9%)
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
17286
Website
Largest Affiliates