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. History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.1) 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. 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.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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