Major Rating Factors:
Strong long-term capitalization index (8.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.9). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (3.8) with operating losses during 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -0.4%.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (53.4%), homeowners (41.3%), fire (0.4%), other (4.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (57.2%), common stock (29.1%), real estate (0.8%), preferred stock (0.2%), other (12.7%)
Corporate Info
Group Affiliation
Amica Mutual Ins Co
Investment Rating
--
Company Address
100 Amica Way
Lincoln, RI 02865
Lincoln, RI 02865
Phone Number
(800) 652-6422
NAIC Number
19976
Website
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