A
Bay State Ins Co
Andover,  MA
Rating Date
October 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
3.05
Risk Adjusted
Capital Ratio #2
1.84
Loss
Ratio
49.96%
Total
Assets
1.14B
Capital
789.20M
Net
Premiums
84.12M
Net
Income
8.11M
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Weiss Ratings Bay State Ins Co
Andover, MA 		Click to
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Rating A
Capitalization Index 8.20
Investment Safety Index --
Liquidity Index 7.60
Profitability Index 5.00
Reserve Adequacy Index 7.00
Stability Index 8.30
Company Info Bay State Ins Co
Andover, MA 		Click to
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Industry P&C
NAIC Number 19763
Phone Number (978) 475-3300
Website www.andovercompanies.com
Address 95 Old River Road Andover, MA 01810
Balance Sheet Bay State Ins Co
Andover, MA 		Click to
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Total Assets 1.14B
Capital and Reserves Bay State Ins Co
Andover, MA 		Click to
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Risk-Adjusted Capital Ratio #1 3.05
Risk-Adjusted Capital Ratio #2 1.84
1-Year Reserve Development 70.00%
2-Year Reserve Development 110.00%
Capital 789.20M
Premium to Surplus 20.00%
Reserves to Surplus 10.00%
Investments Bay State Ins Co
Andover, MA 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Bay State Ins Co
Andover, MA 		Click to
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Medical Loss Ratio --
Cash From Underwriting 120.00%
Combined Ratio 90.00%
Expense Ratio 40.00%
Loss Ratio 49.96%
Net Premium Growth 20.00%
Other Medical Bay State Ins Co
Andover, MA 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Bay State Ins Co
Andover, MA 		Click to
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Net Income 8.11M
Net Premium 84.12M
Health Premium --