Hospitality Ins Co
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 (3.6) including excessive premium growth. Good profitability index (4.9) with small operating losses during 2021 and 2022. Excellent expense controls. Return on equity has been low, averaging 0.2% over the past five years.
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:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Fire (4.6%), comm multi (2.4%), other (93.1%)
Licensed in:
CT, NC, NH, PA, RI, VT
Principal Investments:
Cash (46.5%), real estate (38.2%), investment grade bonds (14.5%), other (0.8%)
Corporate Info
Group Affiliation
Hospitality Group Mutual Ins Holding Co
Investment Rating
--
Company Address
106 Southville Road
Southborough, MA 01772
Southborough, MA 01772
Phone Number
(508) 366-1140
NAIC Number
14027
Website
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