Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2023. Fair overall results on stability tests (4.7) including lack of operational experience. Strengths include potentially strong support from affiliation with Safety Ins Group Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. Ample reserve history (9.4) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (64.1%), homeowners (31.1%), comm multi (2.1%), fire (0.5%), other (2.2%)
Licensed in:
MA
Principal Investments:
Investment grade bonds (97.3%), other (2.7%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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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