Major Rating Factors:
Good long-term capitalization index (5.9 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the weak range during the last year. Fair profitability index (3.5) with operating losses during 2021, 2022, 2023 and 2024. Good liquidity (5.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.6) despite weak risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.6% of capital. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Homeowners (91.7%), fire (2.0%), comm multi (1.2%), other (5.0%)
Licensed in:
CT, DE, MA, MD, NJ, NY, PA, RI, VA
Principal Investments:
Investment grade bonds (64.8%), cash (12.4%), other (22.8%)
Corporate Info
Group Affiliation
Heritage Ins Holdings Inc
Investment Rating
Company Address
1301 Atwood Avenue
Johnston, RI 02919
Johnston, RI 02919
Phone Number
(401) 725-5600
NAIC Number
43001
Website
Largest Affiliates