Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -2.5%. Fair overall results on stability tests (3.6) including. The largest net exposure for one risk is excessive at 8.5% of capital. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (8.9) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (89.0%), personal/comm auto (6.0%), comm multi (2.0%), fire (0.6%), other (2.5%)
Licensed in:
CT, MA, NH, RI
Principal Investments:
Investment grade bonds (63.9%), common stock (8.1%), cash (3.7%), non investment grade bonds (2.0%), preferred stock (1.8%), other (20.5%)
Corporate Info
Group Affiliation
New London County Mutual Ins Co
Investment Rating
--
Company Address
50 Derby Street
Hingham, MA 02043
Hingham, MA 02043
Phone Number
(781) 749-0841
NAIC Number
37346
Website
Largest Affiliates