Associated Employers Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.9) including excessive premium growth. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.7% over the past five years.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
CT, MA, ME, NH, RI, VT
Principal Investments:
Investment grade bonds (84.5%), other (15.5%)
Corporate Info
Group Affiliation
Associated Industries of Massachusetts Mutual Ins Co
Investment Rating
--
Company Address
54 Third Avenue
Burlington, MA 01803
Burlington, MA 01803
Phone Number
(781) 221-1600
NAIC Number
11104
Website
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