Major Rating Factors:
Fair profitability index (4.9 on a scale of 0 to 10) with operating losses during 2022 and 2023. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.0) despite. The largest net exposure for one risk is high at 3.5% of capital. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.0) that helps to protect the company against sharp claims increases.
Stability Factors:
Principal Lines of Business:
Homeowners (63.5%), personal/comm auto (32.5%), comm multi (0.2%), fire (0.2%), other (3.6%)
Licensed in:
MA
Principal Investments:
Investment grade bonds (73.4%), common stock (8.6%), cash (7.2%), other (10.8%)
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
40274
Website
Largest Affiliates