Major Rating Factors:
Good overall results on stability tests (5.1 on a scale of 0 to 10) despite potential drain of affiliation with Hanover Ins Group Inc and weak results on operational trends. History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability (7.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 12.1%.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (14.6%), personal/comm auto (13.5%), homeowners (10.9%), work comp (4.6%), fin guar/surety (4.3%), product liab. (0.7%), fire (0.5%), other (50.8%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (70.9%), common stock (16.6%), non investment grade bonds (3.1%), real estate (0.5%), preferred stock (0.1%), other (8.7%)
Corporate Info
Group Affiliation
Hanover Ins Group Inc
Investment Rating
Company Address
4 Bedford Farms Drive Suite 10
BEDFORD, NH 03110
BEDFORD, NH 03110
Phone Number
(508) 853-7200
NAIC Number
22292
Website
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