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). Excellent expense controls. Good overall results on stability tests (6.1) despite excessive premium growth. 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:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (36.4%), comm multi (25.9%), work comp (11.4%), fire (0.8%), farmowners (0.7%), product liab. (0.5%), other (24.3%)
Licensed in:
All states except CA, FL
Principal Investments:
Investment grade bonds (98.5%), other (1.5%)
Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
One Acadia Commons
Westbrook, ME 04092
Westbrook, ME 04092
Phone Number
(207) 772-4300
NAIC Number
31325
Website
Largest Affiliates