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 (5.0). Excellent expense controls. Good overall results on stability tests (6.4) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with The Hanover Ins Group Inc, 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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Fire (23.3%), comm multi (19.9%), product liab. (7.1%), personal/comm auto (0.2%), med mal (0.2%), other (49.4%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (99.1%), other (0.9%)
Corporate Info
Group Affiliation
The Hanover Ins Group Inc
Investment Rating
Company Address
440 Lincoln Street
Worcester, MA 01653
Worcester, MA 01653
Phone Number
(508) 853-7200
NAIC Number
12833
Website
Largest Affiliates