Major Rating Factors:
History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.5) despite operating losses during 2022. Return on equity has been low, averaging 3.9% over the past five years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.5) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.6% of capital. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (29.3%), homeowners (19.8%), fire (13.6%), work comp (6.9%), comm multi (4.1%), fin guar/surety (2.8%), med mal (0.8%), farmowners (0.7%), product liab. (0.4%), other (21.8%)
Licensed in:
All states and Canada, PR, VI
Principal Investments:
Investment grade bonds (66.1%), non investment grade bonds (7.0%), common stock (3.1%), preferred stock (0.1%), other (23.7%)
Corporate Info
Group Affiliation
Liberty Mutual Holding Co Inc
Investment Rating
--
Company Address
175 Berkeley Street
Boston, MA 02116
Boston, MA 02116
Phone Number
(617) 357-9500
NAIC Number
21458
Largest Affiliates