Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Weak profitability index (2.6) with operating losses during 2022, 2023 and 2024. Weak overall results on stability tests (2.6) including weak results on operational trends, negative cash flow from operations for 2025 and fair risk adjusted capital in prior years.
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 (9.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
IA, IL, IN, KS, KY, MI, MN, ND, NE, NM, NV, OH, SC, SD, TN, VA, WI
Principal Investments:
Investment grade bonds (49.6%), cash (15.9%), other (34.6%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
131 Dartmouth Street
Boston, MA 02116
Boston, MA 02116
Phone Number
(888) 808-4842
NAIC Number
33006
Website
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Largest Affiliates
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