Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10). Excellent expense controls. Good overall results on stability tests (6.0) despite excessive premium growth. Other stability subfactors include potential support from affiliation with The Hanover Ins Group Inc, good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
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.
Principal Lines of Business:
Personal/comm auto (85.6%), work comp (14.4%)
Licensed in:
All states except CA, FL
Principal Investments:
Investment grade bonds (99.4%), other (0.6%)
Corporate Info
Group Affiliation
The Hanover Ins Group Inc
Investment Rating
Company Address
440 Lincoln Street
Worcester, MA 01653
Worcester, MA 01653
Phone Number
(508) 853-7200
NAIC Number
10212
Website
Largest Affiliates