Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2023 and the first six months of 2025. Return on equity has been low, averaging 0.5% over the past five years. Fair overall results on stability tests (3.5) including. The largest net exposure for one risk is excessive at 8.7% of capital. Strengths include potentially strong support from affiliation with Frankenmuth Ins Co. Strong long-term capitalization index (8.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (39.6%), comm multi (23.6%), homeowners (20.0%), work comp (5.5%), fin guar/surety (1.5%), fire (0.8%), product liab. (0.2%), other (8.9%)
Licensed in:
MA, ME, MI, NH, VT
Principal Investments:
Investment grade bonds (90.6%), real estate (6.4%), other (3.0%)
Corporate Info
Group Affiliation
Frankenmuth Ins Co
Investment Rating
--
Company Address
701 U.S. Route One
Yarmouth, ME 04096
Yarmouth, ME 04096
Phone Number
(207) 847-1800
NAIC Number
32069
Largest Affiliates