Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.5) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with American Family Ins Group, good operational trends and excellent risk diversification. 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.
Other Rating Factors:
Excellent profitability index (8.4) with operating gains in each of the last five years. Excellent expense controls. Vulnerable liquidity (2.8) as a spike in claims may stretch capacity.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (96.6%), other (3.4%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (98.8%), other (1.2%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
290 Congress St.
Boston, MA 02210
Boston, MA 02210
Phone Number
(617) 832-1300
NAIC Number
11237
Website
Largest Affiliates