Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with operating losses during 2023. Fair liquidity (4.1) as cash resources may not be adequate to cover a spike in claims. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.9). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (42.6%), homeowners (27.4%), comm multi (21.2%), work comp (4.0%), fire (0.4%), product liab. (0.2%), other (4.3%)
Licensed in:
All states except FL, KY, LA, WY
Principal Investments:
Investment grade bonds (78.8%), non investment grade bonds (6.7%), common stock (3.0%), real estate (0.4%), preferred stock (0.2%), other (11.0%)
Corporate Info
Group Affiliation
The Hanover Ins Group Inc
Investment Rating
Company Address
440 Lincoln Street
Worcester, MA 01653
Worcester, MA 01653
Phone Number
(508) 853-7200
NAIC Number
31534
Website
Largest Affiliates