Major Rating Factors:
Fair overall results on stability tests (3.9 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is acceptable at 2.2% of capital. History of adequate reserve strength (5.6) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.5). Fair expense controls. Return on equity has been low, averaging 4.7% over the past five years. Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (39.4%), homeowners (36.1%), fire (5.4%), comm multi (0.6%), fin guar/surety (0.5%), other (18.1%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (57.5%), non investment grade bonds (6.8%), common stock (4.1%), other (31.6%)
Corporate Info
Group Affiliation
Liberty Mutual Group
Investment Rating
--
Company Address
100 Liberty Way
Dover, NH 3820
Dover, NH 3820
Phone Number
(617) 357-9500
NAIC Number
24740
Website
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