Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during 2024 and 2025. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.4) including excessive premium growth, negative cash flow from operations for 2025 and lack of operational experience.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
F - Negative cash flow.
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (64.0%), personal/comm auto (32.9%), other (3.1%)
Licensed in:
NH
Principal Investments:
Investment grade bonds (85.1%), cash (0.4%), other (14.5%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
10 Corporate Drive
Bedford, NH 03110
Bedford, NH 03110
Phone Number
(603) 333-8881
NAIC Number
17611
Website
Largest Affiliates
There are no affiliate to display.