Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and the first nine months of 2024. Average return on equity over the last five years has been poor at -1.7%. 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:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (89.1%), personal/comm auto (4.9%), comm multi (2.2%), fire (0.8%), other (3.0%)
Licensed in:
CT, MA, NH, RI
Principal Investments:
Investment grade bonds (81.4%), common stock (8.0%), cash (3.5%), non investment grade bonds (1.9%), preferred stock (1.8%), other (3.4%)
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