Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 16.2% deficient. Fair overall results on stability tests (3.0) including. The largest net exposure for one risk is excessive at 10.2% of capital. Strengths include potentially strong support from affiliation with Factory Mutual Ins Co. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.6). Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Other (100%)
Licensed in:
RI
Principal Investments:
Investment grade bonds (93.8%), cash (5.6%), preferred stock (0.6%)
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
10316
Website
Largest Affiliates