Major Rating Factors:
History of adequate reserve strength (6.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.1) despite operating losses during 2022. Excellent expense controls. Return on equity has been low, averaging 4.8% over the past five years. Good overall results on stability tests (6.0) despite 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 (9.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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:
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Licensed in:
FL
Principal Investments:
Investment grade bonds (93.7%), cash (5.4%), preferred stock (0.9%)
Corporate Info
Group Affiliation
Fundacion Mapfre Estudios
Investment Rating
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Company Address
211 Main Street
Webster, MA 01570
Webster, MA 01570
Phone Number
(508) 943-9000
NAIC Number
34932
Website
Largest Affiliates