Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9). Excellent expense controls. Good overall results on stability tests (5.9) despite excessive premium growth and negative cash flow from operations for 2024.
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (43.3%), work comp (13.6%), personal/comm auto (11.8%), other (31.3%)
Licensed in:
All states
Principal Investments:
Common stock (53.4%), investment grade bonds (43.2%), cash (3.0%), other (0.4%)
Corporate Info
Group Affiliation
The Hanover Ins Group Inc
Investment Rating
Company Address
440 Lincoln Street
Worcester, MA 01653
Worcester, MA 01653
Phone Number
(508) 853-7200
NAIC Number
42552
Website
Largest Affiliates