Northern Security Ins Co
Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.4% over the past five years. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.3) including excessive premium growth. Strengths include potentially strong support from affiliation with Vermont Mutual Ins Co.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. 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:
Comm multi (81.9%), homeowners (17.2%), other (0.9%)
Licensed in:
CT, MA, ME, NH, NY, VT
Principal Investments:
Investment grade bonds (99.3%), cash (0.2%), other (0.5%)
Corporate Info
Group Affiliation
Vermont Mutual Ins Co
Investment Rating
--
Company Address
89 State Street
Montpelier, VT 05602
Montpelier, VT 05602
Phone Number
(802) 223-2341
NAIC Number
25992
Website
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