Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2022 and 2023. Return on equity has been low, averaging 2.8% over the past five years. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level. 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:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.9). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
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