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 overall results on stability tests (6.6) despite. Stability strengths include 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), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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