Major Rating Factors:
Fair reserve development (4.0 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Weak profitability index (2.5) with operating losses during 2020, 2021 and 2023. Average return on equity over the last five years has been poor at -0.5%. Good overall results on stability tests (6.5) 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), despite some fluctuation in capital levels. 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (69.2%), comm multi (16.0%), work comp (10.4%), fire (6.9%), product liab. (1.1%)
Licensed in:
AZ, CO, GA, IA, ID, IL, IN, KS, KY, MD, MN, MS, MT, NC, ND, NE, NM, OH, PA, SC, SD, TN, UT, VA, WA, WI, WV
Principal Investments:
Cash (83.9%), investment grade bonds (16.1%)
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
41653
Website
Largest Affiliates