Major Rating Factors:
History of adequate reserve strength (6.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.6) with operating gains in each of the last five years. Return on equity has been low, averaging 3.8% over the past five years. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Excellent overall results on stability tests (7.3). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.3% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (30.6%), homeowners (22.1%), comm multi (5.6%), work comp (3.9%), fin guar/surety (3.3%), fire (3.1%), med mal (1.0%), farmowners (0.7%), product liab. (0.5%), other (29.2%)
Licensed in:
All states and Canada, MP, PR, VI
Principal Investments:
Investment grade bonds (36.4%), common stock (24.7%), non investment grade bonds (4.7%), preferred stock (0.1%), other (34.1%)
Corporate Info
Group Affiliation
Liberty Mutual Holding Co Inc
Investment Rating
--
Company Address
175 Berkeley Street
Boston, MA 02116
Boston, MA 02116
Phone Number
(617) 357-9500
NAIC Number
23043
Largest Affiliates