Major Rating Factors:
Fair profitability index (3.6 on a scale of 0 to 10) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -4.2%. History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.0) despite. The largest net exposure for one risk is high at 4.1% of capital. Stability strengths include good operational trends and excellent risk diversification.
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. Superior liquidity (9.1) 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 (71.1%), personal/comm auto (17.5%), comm multi (5.9%), fire (1.2%), other (4.3%)
Licensed in:
CT, MA, RI
Principal Investments:
Investment grade bonds (69.9%), common stock (13.9%), non investment grade bonds (3.6%), preferred stock (2.1%), cash (0.1%), other (10.4%)
Corporate Info
Group Affiliation
New London County Mutual Ins Co
Investment Rating
--
Company Address
101 High Street
Norwich, CT 06360
Norwich, CT 06360
Phone Number
(860) 887-3553
NAIC Number
37354
Website
Largest Affiliates