Major Rating Factors:
Fair profitability index (4.5 on a scale of 0 to 10) with operating losses during 2023. Return on equity has been fair, averaging 7.0% over the past five years. History of adequate reserve strength (6.6) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.0) despite. The largest net exposure for one risk is high at 3.5% of capital.
Other Rating Factors:
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. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
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