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 liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.3) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital.
Other Rating Factors:
Fair profitability index (3.7) with operating losses during 2020, 2021, 2022 and 2024. Strong long-term capitalization index (8.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
Principal Lines of Business:
Homeowners (78.9%), personal/comm auto (12.5%), comm multi (4.2%), fire (0.9%), other (3.4%)
Licensed in:
CT, MA, NH, RI, VT
Principal Investments:
Investment grade bonds (57.1%), common stock (21.8%), non investment grade bonds (2.6%), preferred stock (1.8%), cash (1.6%), other (15.1%)
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