Major Rating Factors:
Good long-term capitalization index (5.0 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2020. History of adequate reserve strength (5.4) as reserves have been consistently at an acceptable level. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.9) despite excessive premium growth and fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.7% of capital. Strengths include potentially strong support from affiliation with Plymouth Rock Co Incorporated. Fair profitability index (4.5) with operating losses during 2021, 2022, 2023 and 2024.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (97.5%), other (2.5%)
Licensed in:
MA
Principal Investments:
Common stock (46.0%), investment grade bonds (42.7%), non investment grade bonds (11.0%), other (0.3%)
Corporate Info
Group Affiliation
Plymouth Rock Co Incorporated
Investment Rating
--
Company Address
695 Atlantic Avenue
Boston, MA 02111
Boston, MA 02111
Phone Number
(617) 956-1775
NAIC Number
16035
Website
Largest Affiliates