Major Rating Factors:
Strong long-term capitalization index (9.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent profitability index (7.6) with operating gains in each of the last five years.
Other Rating Factors:
Excellent overall results on stability tests (7.6). Stability strengths include excellent operational trends and excellent risk diversification. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (32.5%), homeowners (30.4%), personal/comm auto (28.4%), work comp (3.1%), fire (1.0%), other (4.6%)
Licensed in:
AR, CT, MA, MO, NH, NJ, NY, PA, RI
Principal Investments:
Investment grade bonds (52.5%), common stock (24.8%), real estate (4.9%), cash (2.3%), other (15.5%)
Corporate Info
Group Affiliation
Norfolk & Dedham Group
Investment Rating
--
Company Address
222 Ames Street
Dedham, MA 02026
Dedham, MA 02026
Phone Number
(781) 326-4010
NAIC Number
23965
Website
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