Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification. Good overall profitability index (5.1) despite operating losses during 2023. Return on equity has been fair, averaging 5.4% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (55.1%), personal/comm auto (39.8%), comm multi (3.0%), fire (0.2%), other (1.9%)
Licensed in:
MA, ME, NH
Principal Investments:
Investment grade bonds (99.0%), other (1.0%)
Corporate Info
Group Affiliation
Safety Ins Group Inc
Investment Rating
Company Address
20 Custom House Street
Boston, MA 02110
Boston, MA 02110
Phone Number
(617) 951-0600
NAIC Number
33618
Website
Largest Affiliates