Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with operating losses during each of the last five years. Fair overall results on stability tests (4.8) including excessive premium growth. Strengths include potentially strong support from affiliation with Quincy Mutual Fire Ins Co.
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. Superior liquidity (9.0) 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:
Homeowners (38.2%), personal/comm auto (33.1%), comm multi (27.1%), fire (0.8%), other (0.8%)
Licensed in:
ME, NH
Principal Investments:
Cash (53.1%), real estate (45.5%), other (1.5%)
Corporate Info
Group Affiliation
Quincy Mutual Fire Ins Co
Investment Rating
--
Company Address
97 Technology Park Drive
Portland, ME 04102
Portland, ME 04102
Phone Number
(207) 699-1599
NAIC Number
28290
Website
Largest Affiliates