Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -1.0%. History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.1) despite. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (51.9%), comm multi (26.5%), homeowners (20.3%), fire (0.4%), other (0.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (77.3%), cash (21.4%), preferred stock (0.8%), other (0.4%)
Corporate Info
Group Affiliation
Fundacion Mapfre Estudios
Investment Rating
--
Company Address
11 Gore Road
Webster, MA 01570
Webster, MA 01570
Phone Number
(508) 943-9000
NAIC Number
23876
Website
Largest Affiliates