Major Rating Factors:
Good overall results on stability tests (6.7 on a scale of 0 to 10) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.9) with operating losses during 2023. Fair liquidity (3.8) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (94.2%), homeowners (5.3%), other (0.4%)
Licensed in:
CT, MA, RI
Principal Investments:
Common stock (71.7%), investment grade bonds (15.0%), non investment grade bonds (1.6%), other (11.7%)
Corporate Info
Group Affiliation
Plymouth Rock Co Incorporated
Investment Rating
--
Company Address
695 Atlantic Avenue
Boston, MA 02111
Boston, MA 02111
Phone Number
(617) 720-1620
NAIC Number
14737
Website
Largest Affiliates