Major Rating Factors:
Weak overall results on stability tests (0.1 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is excessive at 29.2% of capital. Good overall profitability index (6.8) with operating gains in each of the last five years. Return on equity has been fair, averaging 5.6% over the past five years. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (99.0%), other (1.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (51.7%), common stock (29.9%), cash (5.0%), other (13.3%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
303 Congress Street
Boston, MA 02210
Boston, MA 02210
Phone Number
(617) 471-1112
NAIC Number
36226
Website
Largest Affiliates
No affiliate information available.