Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.2) despite operating losses during 2022. Return on equity has been low, averaging 3.4% 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 (6.4) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.8% of capital. Strong long-term capitalization index (7.6) 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 (41.4%), homeowners (20.9%), fire (4.9%), work comp (4.8%), comm multi (3.1%), fin guar/surety (1.8%), product liab. (1.1%), med mal (0.5%), farmowners (0.4%), other (21.0%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (69.8%), non investment grade bonds (6.9%), common stock (2.5%), preferred stock (0.1%), other (20.7%)
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
23035
Largest Affiliates