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 profitability index (4.6) with operating losses during 2020, 2021, 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -1.0%. Good overall results on stability tests (6.5) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Amica Mutual Ins Co, good operational trends and excellent risk diversification.
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, CO, CT, FL, GA, IL, IN, KY, MA, MD, ME, MI, MN, NH, NJ, NV, NY, OH, OR, PA, RI, SC, TN, TX, VA, WA, WI
Principal Investments:
Investment grade bonds (92.7%), cash (0.4%), other (6.9%)
Corporate Info
Group Affiliation
Amica Mutual Ins Co
Investment Rating
--
Company Address
100 Amica Way
Lincoln, RI 02865
Lincoln, RI 02865
Phone Number
(800) 652-6422
NAIC Number
12287
Website
Largest Affiliates