Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.0) including. The largest net exposure for one risk is excessive at 5.1% of capital. Strengths include potentially strong support from affiliation with Factory Mutual Ins Co. Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent profitability index (8.3).
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (24.1%), homeowners (0.2%), other (75.7%)
Licensed in:
All states and Canada, GU, MP, PR, VI
Principal Investments:
Common stock (48.2%), investment grade bonds (40.2%), cash (2.2%), non investment grade bonds (0.3%), other (9.2%)
Corporate Info
Group Affiliation
Factory Mutual Ins Co
Investment Rating
--
Company Address
270 Central Avenue
Johnston, RI 02919
Johnston, RI 02919
Phone Number
(401) 275-3000
NAIC Number
10014
Website
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