Major Rating Factors:
Good liquidity (5.4 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
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 1.0% of capital. Fair profitability index (3.8) with operating losses during 2022 and 2023.
Stability Factors:
L - Past results on our liquidity tests.
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
Largest Affiliates