Major Rating Factors:
Strong long-term capitalization index (7.8 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (8.4). Stability strengths include excellent operational trends and excellent risk diversification. Good profitability index (4.9) with small operating losses during 2021 and the first three months of 2025. Return on equity has been low, averaging 1.1% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (49.3%), comm multi (18.9%), fire (6.7%), personal/comm auto (0.4%), other (24.7%)
Licensed in:
CT, IL, MA, ME, NH, NJ, NY, RI, VT
Principal Investments:
Common stock (71.7%), investment grade bonds (11.0%), cash (10.1%), real estate (1.4%), other (5.7%)
Corporate Info
Group Affiliation
Andover Companies
Investment Rating
--
Company Address
95 Old River Road
Andover, MA 01810
Andover, MA 01810
Phone Number
(978) 475-3300
NAIC Number
19798
Website
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