Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent overall results on stability tests (8.3). Stability strengths include excellent operational trends and excellent risk diversification. Fair profitability index (4.6) with operating losses during 2023. Return on equity has been fair, averaging 7.1% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
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