Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.3) despite negative cash flow from operations for 2023. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital. Fair profitability index (3.7) with operating losses during 2020, 2021, 2022 and the first nine months of 2024. Average return on equity over the last five years has been poor at -1.7%.
Other Rating Factors:
Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
F - Negative cash flow.
Principal Lines of Business:
Homeowners (80.3%), personal/comm auto (10.1%), comm multi (4.5%), fire (1.2%), other (4.0%)
Licensed in:
CT, MA, NH, RI, VT
Principal Investments:
Investment grade bonds (61.0%), common stock (26.2%), cash (4.7%), non investment grade bonds (3.0%), preferred stock (2.4%), other (2.7%)
Corporate Info
Group Affiliation
New London County Mutual Ins Co
Investment Rating
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Company Address
50 Derby Street
Hingham, MA 02043
Hingham, MA 02043
Phone Number
(781) 749-0841
NAIC Number
14192
Website
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Largest Affiliates