Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during each of the last five years. However, profits have turned positive in the first six months of 2025. Average return on equity over the last five years has been poor at -8.0%. Good long-term capitalization index (5.2) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2020. History of adequate reserve strength (5.6) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.3) despite fair risk adjusted capital in prior years. Other stability subfactors include potentially strong support from affiliation with Plymouth Rock Co Incorporated, good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.5% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (97.1%), other (2.9%)
Licensed in:
MA
Principal Investments:
Common stock (47.1%), investment grade bonds (42.0%), non investment grade bonds (9.9%), other (0.9%)
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