Major Rating Factors:
Strong long-term capitalization index (7.5 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.0) that helps to protect the company against sharp claims increases. Excellent profitability index (7.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.1%.
Other Rating Factors:
Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.8). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (25.1%), personal/comm auto (22.9%), homeowners (11.3%), work comp (8.1%), fire (3.4%), fin guar/surety (1.7%), product liab. (0.8%), med mal (0.7%), other (25.8%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (72.2%), common stock (14.3%), non investment grade bonds (3.5%), real estate (0.4%), preferred stock (0.2%), other (9.3%)
Corporate Info
Group Affiliation
The Hanover Ins Group Inc
Investment Rating
Company Address
440 Lincoln Street
Worcester, MA 01653
Worcester, MA 01653
Phone Number
(508) 853-7200
NAIC Number
22292
Website
Largest Affiliates