Major Rating Factors:
Fair overall results on stability tests (3.8 on a scale of 0 to 10) including potential drain of affiliation with Liberty Mutual Group and weak results on operational trends. The largest net exposure for one risk is acceptable at 2.5% of capital. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.4). Fair expense controls. Return on equity has been low, averaging 4.7% over the past five years. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (14.4%), comm multi (13.5%), personal/comm auto (6.3%), work comp (4.2%), farmowners (0.9%), product liab. (0.3%), fire (0.2%), other (60.1%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (61.3%), non investment grade bonds (6.7%), common stock (1.6%), other (30.4%)
Corporate Info
Group Affiliation
Liberty Mutual Group
Investment Rating
--
Company Address
100 Liberty Way
Dover, NH 3820
Dover, NH 3820
Phone Number
(414) 369-5033
NAIC Number
24074
Largest Affiliates
