Major Rating Factors:
Vulnerable liquidity (0.1 on a scale of 0 to 10) as a spike in claims may stretch capacity. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.3) including excessive premium growth and negative cash flow from operations for 2024.
Other Rating Factors:
Good profitability index (4.9) with modest operating losses during the first six months of 2025. Excellent expense controls. Return on equity has been low, averaging 2.0% over the past five years. Strong long-term capitalization index (7.3) 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.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (63.2%), homeowners (33.9%), other (2.9%)
Licensed in:
NH
Principal Investments:
Investment grade bonds (99.9%), other (0.1%)
Corporate Info
Group Affiliation
Plymouth Rock Co Incorporated
Investment Rating
--
Company Address
53 Regional Drive
Concord, NH 03301
Concord, NH 03301
Phone Number
(603) 224-6288
NAIC Number
43982
Website
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