Our Financial Strength

MERRIMACK MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1828

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2021
ASSETS    
  Cash    222,034,680
  Bonds    142,185,479
  Common Stocks 1,529,015,202
  Real Estate      38,117,372
  Other Invested Assets      90,143,007
  Interest Accrued        1,891,864
  Other Assets    295,189,131
  TOTAL ASSETS 2,318,576,735
 
LIABILITIES  
  Loss and Loss Adjustment Expenses    268,371,053
  Unearned Premiums    183,871,859
  Other Liabilities    374,476,925
  TOTAL LIABILITIES    826,719,837
 
SURPLUS TO POLICYHOLDERS 1,491,856,898
  TOTAL LIABILITIES & SURPLUS 2,318,576,735

Bonds amortized. Stocks at market values. Bonds carried at $1,521,293 are deposited with State authorities.

CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1833

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2021
ASSETS    
  Cash    172,470,738
  Bonds    114,661,342
  Common Stocks    824,599,454
  Real Estate                     -
  Other Invested Assets      34,577,648
  Interest Accrued        3,055,806
  Other Assets    212,371,441
  TOTAL ASSETS 1,361,736,429
 
LIABILITIES  
  Loss and Loss Adjustment Expenses    187,859,738
  Unearned Premiums    128,710,301
  Other Liabilities    262,032,441
  TOTAL LIABILITIES    578,602,480
 
SURPLUS TO POLICYHOLDERS    783,133,949
  TOTAL LIABILITIES & SURPLUS 1,361,736,429

Bonds amortized. Stocks at market values. Bonds carried at $1,521,074 are deposited with State authorities.

BAY STATE INSURANCE COMPANY
INCORPORATED IN 1955

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2021
ASSETS    
  Cash   73,337,764
  Bonds   46,847,715
  Common Stocks 609,021,781
  Real Estate                 -
  Other Invested Assets   14,818,992
  Interest Accrued        938,611
  Other Assets   93,911,784
  TOTAL ASSETS 838,876,647
 
LIABILITIES  
  Loss and Loss Adjustment Expenses   80,511,316
  Unearned Premiums   55,161,557
  Other Liabilities 157,019,338
  TOTAL LIABILITIES 292,692,211
     
SURPLUS TO POLICYHOLDERS
  Capital Paid Up     3,500,000
  Surplus 542,684,436
  TOTAL SURPLUS 546,184,436
     
  TOTAL LIABILITIES & SURPLUS 681,065,283

Bonds amortized. Stocks at market values. Bonds carried at $1,570,615 are deposited with State authorities.

THE ANDOVER COMPANIES
COMBINED RECORD OF GROWTH

        Assets      Liabilities       Surplus   Premiums
2021 $3,855,280,346 $1,580,108,822 $2,275,171,524 $750,881,757
2016 $2,433,232,396    $982,802,616 $1,450,429,780 $539,297,208
2011 $1,731,330,521    $779,062,799    $952,267,722 $448,771,941
2006 $1,345,488,277    $610,303,332    $735,184,945 $466,812,590
2001    $872,282,388    $364,740,622    $507,541,766 $251,487,485

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