A
Bay State Ins Co
Andover,  MA
Rating Date
June 2026
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.89
Risk Adjusted
Capital Ratio #2
1.79
Loss
Ratio
51.15%
Total
Assets
1.21B
Capital
850.55M
Net
Premiums
167.90M
Net
Income
30.90M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2025
907
113
1,020
11.08%
23.88%
2024
994
119
1,113
10.69%
23.31%
2023
964
96
1,060
9.06%
22.83%
2022
889
235
1,124
20.91%
23.10%
2021
744
189
933
20.26%
22.81%
2020
625
156
781
19.97%
21.51%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2025
88
42
130
32.31%
42.44%
2024
108
51
159
32.08%
41.75%
2023
145
65
210
30.95%
38.64%
2022
120
68
188
36.17%
39.39%
2021
159
95
254
37.40%
40.41%
2020
110
93
203
45.81%
48.09%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2025
819
226
1,045
21.63%
38.98%
2024
1,014
291
1,305
22.30%
39.58%
2023
1,227
326
1,553
20.99%
36.96%
2022
1,037
345
1,382
24.96%
37.07%
2021
1,405
514
1,919
26.78%
39.17%
2020
1,497
493
1,990
24.77%
35.42%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2025
2
8
10
80.00%
13.25%
2024
1
5
6
83.33%
12.32%
2023
2
7
9
77.78%
16.34%
2022
3
8
11
72.73%
11.13%
2021
3
9
12
75.00%
18.93%
2020
3
12
15
80.00%
20.93%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2025
137
188
325
57.85%
45.21%
2024
132
146
278
52.52%
45.23%
2023
125
123
248
49.60%
44.64%
2022
120
137
257
53.31%
46.15%
2021
112
109
221
49.32%
46.87%
2020
96
95
191
49.74%
43.90%