Major Rating Factors:
Good liquidity (6.1 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 (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.0) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.9). Excellent overall results on stability tests (8.8). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Comm multi (25.1%), personal/comm auto (22.9%), homeowners (11.3%), work comp (8.1%), fire (3.4%), fin guar/surety (1.7%), product liab. (0.8%), med mal (0.7%), other (25.8%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (72.2%), common stock (14.3%), non investment grade bonds (3.5%), real estate (0.4%), preferred stock (0.2%), other (9.3%)
Corporate Info
Group Affiliation
The Hanover Ins Group Inc
Investment Rating
Company Address
440 Lincoln Street
Worcester, MA 01653
Worcester, MA 01653
Phone Number
(508) 853-7200
NAIC Number
22292
Website
Largest Affiliates