Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 4.4% over the past five years. Good overall results on stability tests (5.1) despite excessive premium growth. The largest net exposure for one risk is high at 4.9% of capital. Other stability subfactors include potentially strong support from affiliation with Auto-Owners Ins Group, 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). 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (61.0%), comm multi (20.8%), homeowners (14.4%), fire (1.2%), work comp (0.5%), other (2.1%)
Licensed in:
MA, ME, NH, VT
Principal Investments:
Investment grade bonds (79.1%), common stock (17.3%), cash (0.2%), non investment grade bonds (0.1%), other (3.2%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
--
Company Address
35B Constitution Drive
Bedford, NH 03110
Bedford, NH 03110
Phone Number
(603) 224-4086
NAIC Number
20680
Largest Affiliates