C
Homesite Ins Co of the MW
BostonMA
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.9) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. Strengths include potentially strong support from affiliation with American Family Ins Group. Good liquidity (5.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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 profitability index (8.0). Excellent expense controls.
Stability Factors: F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (89.6%), med mal (0.9%), comm multi (0.4%), fire (0.2%), other (8.9%)
Licensed in: All states except AZ, CO, CT, FL, HI, IL, NE, NM, NV, NY, OK, TX, UT, WY
Principal Investments: Investment grade bonds (93.5%), other (6.5%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
290 Congress Street
Boston, MA 02210
Phone Number
(617) 832-1300
NAIC Number
13927
Largest Affiliates
B
A
D
Boston, MA - P&C
C
Jacksonville, FL - P&C