Our Financial Strength

MERRIMACK MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1828

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2022
ASSETS    
  Cash    136,984,132
  Bonds    241,973,851
  Common Stocks 1,435,852,157
  Real Estate      37,559,170
  Other Invested Assets    130,095,285
  Interest Accrued        3,089,440
  Other Assets    311,283,408
  TOTAL ASSETS 2,296,837,442
 
LIABILITIES  
  Loss and Loss Adjustment Expense Reserves    295,758,866
  Unearned Premiums    199,015,045
  Other Liabilities    363,738,405
  TOTAL LIABILITIES    858,512,316
 
SURPLUS TO POLICYHOLDERS 1,438,325,126
  TOTAL LIABILITIES & SURPLUS 2,296,837,442

Bonds amortized. Stocks at market values. Bonds carried at $1,494,003 are deposited with State authorities.

CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1833

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2022
ASSETS    
  Cash    111,477,511
  Bonds    193,617,630
  Common Stocks    792,274,107
  Real Estate                     -
  Other Invested Assets      32,017,771
  Interest Accrued        3,898,281
  Other Assets    225,107,621
  TOTAL ASSETS 1,358,392,921
 
LIABILITIES  
  Loss and Loss Adjustment Expense Reserves    207,031,207
  Unearned Premiums    139,310,531
  Other Liabilities    256,518,949
  TOTAL LIABILITIES    602,860,687
 
SURPLUS TO POLICYHOLDERS    755,532,234
  TOTAL LIABILITIES & SURPLUS 1,358,392,921

Bonds amortized. Stocks at market values. Bonds carried at $1,494,003 are deposited with State authorities.

BAY STATE INSURANCE COMPANY
INCORPORATED IN 1955

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2022
ASSETS    
  Cash   45,416,893
  Bonds   85,151,295
  Common Stocks 576,428,491
  Real Estate                 -
  Other Invested Assets   13,721,903
  Interest Accrued     1,274,618
  Other Assets   99,803,644
  TOTAL ASSETS 821,796,843
 
LIABILITIES  
  Loss and Loss Adjustment Expense Reserves   88,727,660
  Unearned Premiums   59,704,513
  Other Liabilities 151,160,202
  TOTAL LIABILITIES 299,592,375
     
SURPLUS TO POLICYHOLDERS
  Capital Paid Up     3,500,000
  Surplus 518,704,467
  TOTAL SURPLUS 522,204,467
     
  TOTAL LIABILITIES & SURPLUS 821,796,843

Bonds amortized. Stocks at market values. Bonds carried at $1,494,003 are deposited with State authorities.

THE ANDOVER COMPANIES
COMBINED RECORD OF GROWTH

        Assets      Liabilities       Surplus   Premiums
2022 $3,817,514,428 $1,623,484,274 $2,194,030,154 $791,570,170
2017 $2,835,307,929 $1,151,898,576 $1,683,409,353 $562,836,626
2012 $1,823,166,936    $818,443,270 $1,004,723,666 $479,505,886
2007 $1,425,760,441    $614,378,553    $811,381,888 $455,464,592
2002    $950,115,241    $428,508,115    $521,607,126 $312,477,666

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