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 profitability index (4.9). Excellent expense controls. Good overall results on stability tests (6.1) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Quincy Mutual Fire 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:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
CT, MA
Principal Investments:
Investment grade bonds (95.4%), cash (1.1%), non investment grade bonds (0.7%), other (2.7%)
Corporate Info
Group Affiliation
Quincy Mutual Fire Ins Co
Investment Rating
--
Company Address
57 Washington Street
Quincy, MA 02169
Quincy, MA 02169
Phone Number
(617) 770-5100
NAIC Number
12725
Largest Affiliates