Major Rating Factors:
Good overall profitability index (5.2 on a scale of 0 to 10) despite operating losses during 2023. Return on equity has been fair, averaging 5.6% over the past five years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.6) despite. Stability strengths include 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. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (52.1%), personal/comm auto (43.1%), comm multi (1.1%), fire (0.3%), other (3.4%)
Licensed in:
MA, ME, NH
Principal Investments:
Investment grade bonds (97.8%), other (2.2%)
Corporate Info
Group Affiliation
Safety Ins Group Inc
Investment Rating
Company Address
20 Custom House Street
Boston, MA 02110
Boston, MA 02110
Phone Number
(617) 951-0600
NAIC Number
12808
Website
Largest Affiliates