Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2022 and 2023. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level. Good liquidity (5.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
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. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (72.9%), homeowners (21.2%), comm multi (1.6%), fire (1.2%), other (3.1%)
Licensed in:
CA, CT, MA, ME, NH, OH, RI, VT
Principal Investments:
Investment grade bonds (73.0%), common stock (10.3%), cash (9.3%), real estate (1.7%), other (5.6%)
Corporate Info
Group Affiliation
Fundacion Mapfre Estudios
Investment Rating
--
Company Address
211 Main Street
Webster, MA 01570
Webster, MA 01570
Phone Number
(508) 943-9000
NAIC Number
34754
Website
Largest Affiliates