B
Massachusetts Bay Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
120.40
Risk Adjusted
Capital Ratio #2
59.20
Loss
Ratio
--
Total
Assets
82.41M
Capital
82.28M
Net
Premiums
0.00
Net
Income
2.13M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
491
124
615
20.16%
22.80%
2023
573
161
734
21.93%
22.83%
2022
638
195
833
23.41%
23.10%
2021
759
160
919
17.41%
22.81%
2020
791
156
947
16.47%
21.51%
2019
1,261
347
1,608
21.58%
22.66%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
178
81
259
31.27%
47.78%
2023
212
111
323
34.37%
47.29%
2022
220
74
294
25.17%
45.44%
2021
249
124
373
33.24%
44.40%
2020
279
151
430
35.12%
42.45%
2019
569
280
849
32.98%
44.33%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
1,392
1,237
2,629
47.05%
41.49%
2023
1,794
1,389
3,183
43.64%
38.64%
2022
1,930
1,413
3,343
42.27%
39.39%
2021
2,437
1,675
4,112
40.73%
40.41%
2020
2,173
3,840
6,013
63.86%
48.09%
2019
2,472
2,210
4,682
47.20%
43.30%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
5,211
1,851
7,062
26.21%
39.63%
2023
7,139
2,312
9,451
24.46%
36.96%
2022
4,534
1,714
6,248
27.43%
37.07%
2021
3,967
1,734
5,701
30.42%
39.17%
2020
4,858
1,892
6,750
28.03%
35.42%
2019
4,185
1,693
5,878
28.80%
35.34%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
0
4
4
100.00%
81.20%
2023
1
10
11
90.91%
74.87%
2022
0
4
4
100.00%
72.69%
2021
0
5
5
100.00%
79.01%
2020
1
5
6
83.33%
80.13%
2019
0
2
2
100.00%
77.47%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
24
39
63
61.90%
12.77%
2023
23
38
61
62.30%
16.34%
2022
16
76
92
82.61%
11.13%
2021
19
90
109
82.57%
18.93%
2020
33
103
136
75.74%
20.93%
2019
50
149
199
74.87%
16.90%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
6
8
14
57.14%
44.64%
2022
28
3
31
9.68%
46.15%
2021
31
14
45
31.11%
46.87%
2020
28
23
51
45.10%
43.90%
2019
62
18
80
22.50%
42.09%
Product Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
2
3
5
60.00%
64.02%
2023
1
2
3
66.67%
62.55%
2022
6
12
18
66.67%
56.52%
2021
5
20
25
80.00%
62.74%
2020
12
15
27
55.56%
61.51%
2019
15
39
54
72.22%
70.02%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
1,173
1,207
2,380
50.71%
35.29%
2023
1,137
1,043
2,180
47.84%
35.67%
2022
1,157
883
2,040
43.28%
37.14%
2021
1,047
803
1,850
43.41%
35.46%
2020
1,057
710
1,767
40.18%
33.86%
2019
1,546
1,028
2,574
39.94%
34.01%