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 overall profitability index (5.2) with small operating losses during 2020. Excellent expense controls. Return on equity has been low, averaging 1.5% over the past five years. Good overall results on stability tests (5.3) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include 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.
F - Negative cash flow.
Principal Lines of Business:
Comm multi (60.0%), personal/comm auto (17.6%), work comp (8.3%), farmowners (4.5%), product liab. (1.8%), fire (1.1%), other (6.8%)
Licensed in:
All states except HI
Principal Investments:
Investment grade bonds (64.3%), other (35.7%)
Ratios
Premium to Surplus
--
Reserve to Surplus
--
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Liberty Mutual Holding Co Inc
Investment Rating
--
Company Address
175 Berkeley Street
Boston, MA 02116
Boston, MA 02116
Phone Number
(617) 357-9500
NAIC Number
24082
Largest Affiliates