B
New England Guaranty Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 3.4% over the past five years. Good overall results on stability tests (5.1) despite excessive premium growth. The largest net exposure for one risk is high at 4.8% of capital. Other stability subfactors include potentially strong support from affiliation with Union Mutual Fire Ins Co, good operational trends and excellent risk diversification.
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business: Fire (100.0%)
Licensed in: CT, MA, ME, NH, NY, RI, VT
Principal Investments: Investment grade bonds (56.4%), common stock (33.4%), cash (6.0%), non investment grade bonds (1.0%), other (3.3%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
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Net Premium Growth
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Investments in Affiliates
Corporate Info
Group Affiliation
Union Mutual Fire Ins Co
Investment Rating
--
Company Address
139 State Street
Montpelier, VT 05602
Phone Number
(802) 223-5261
NAIC Number
25852
Largest Affiliates
A
Montpelier, VT - P&C
A
Dedham, MA - P&C
A
C
Latham, NY - P&C