Major Rating Factors:
Fair overall results on stability tests (3.9 on a scale of 0 to 10) including potential drain of affiliation with Liberty Mutual Group. Fair reserve development (4.5) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good overall profitability index (5.8) despite operating losses during 2017 and the first six months of 2022. Return on equity has been low, averaging 4.1% over the past five years. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (42.3%), work comp (27.1%), personal/comm auto (2.0%), other (28.6%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (67.3%), common stock (6.0%), non investment grade bonds (4.7%), other (22.1%)
Corporate Info
Group Affiliation
Liberty Mutual Group
Investment Rating
--
Company Address
2000 Westwood Drive
Wausau, WI 54401
Wausau, WI 54401
Phone Number
(617) 357-9500
NAIC Number
21458
Largest Affiliates
