Major Rating Factors:
Good liquidity (6.4 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -1.0%.
Other Rating Factors:
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. 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.
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