Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with operating losses during 2023. Fair overall results on stability tests (3.7) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2025. Fair long-term capitalization index (3.8) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (72.8%), personal/comm auto (15.2%), homeowners (10.0%), fire (0.1%), other (1.8%)
Licensed in:
All states and Canada, PR
Principal Investments:
Investment grade bonds (81.6%), cash (2.6%), non investment grade bonds (0.9%), common stock (0.6%), other (14.3%)
Corporate Info
Group Affiliation
Riverstone International Holdings Limited
Investment Rating
--
Company Address
75 Sam Fonzo Drive
Beverly, MA 01915
Beverly, MA 01915
Phone Number
(800) 227-2757
NAIC Number
21261
Largest Affiliates
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