Major Rating Factors:
Strong long-term capitalization index (9.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent profitability index (7.9) despite modest operating losses during the first three months of 2025.
Other Rating Factors:
Excellent liquidity (7.6) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (62.2%), personal/comm auto (17.4%), comm multi (13.8%), work comp (1.6%), fire (0.1%), other (4.9%)
Licensed in:
CT, MA, NH, RI
Principal Investments:
Investment grade bonds (46.4%), common stock (28.8%), cash (6.2%), other (18.6%)
Corporate Info
Group Affiliation
Norfolk & Dedham Group
Investment Rating
--
Company Address
222 Ames Street
Dedham, MA 02026
Dedham, MA 02026
Phone Number
(781) 326-4010
NAIC Number
13706
Website
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