Major Rating Factors:
History of adequate reserve strength (6.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.9) despite. The largest net exposure for one risk is high at 3.6% of capital. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Fair profitability index (4.5) with operating losses during 2023. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (89.4%), homeowners (9.3%), comm multi (0.4%), fire (0.3%), other (0.5%)
Licensed in:
AZ, CA, CO, NV, OR, UT, WA
Principal Investments:
Investment grade bonds (85.4%), cash (7.6%), common stock (7.0%)
Corporate Info
Group Affiliation
Fundacion Mapfre Estudios
Investment Rating
--
Company Address
211 Main Street
Webster, MA 01570
Webster, MA 01570
Phone Number
(508) 943-9000
NAIC Number
13161
Website
Largest Affiliates