Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10) including lack of operational experience. Strengths include potentially strong support from affiliation with Safety Ins Group Inc. Good long-term capitalization index (6.8) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Good overall profitability index (5.7) despite operating losses during 2023.
Other Rating Factors:
Good liquidity (5.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (9.5) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
Principal Lines of Business:
Personal/comm auto (61.5%), homeowners (33.9%), comm multi (2.0%), fire (0.5%), other (2.2%)
Licensed in:
MA
Principal Investments:
Investment grade bonds (97.3%), other (2.7%)
Corporate Info
Group Affiliation
Safety Ins Group Inc
Investment Rating
Company Address
20 Custom House Street
Boston, MA 02110
Boston, MA 02110
Phone Number
(617) 951-0600
NAIC Number
16893
Website
Largest Affiliates