Our Financial Strength

MERRIMACK MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1828

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2020
ASSETS    
  Cash in Banks and Office    137,356,274
  Bonds    237,399,537
  Common Stocks 1,186,221,186
  Real Estate      38,037,749
  Other Invested Assets (Real Estate)      48,112,913
  Interest Accrued        2,567,624
  Other Assets    276,593,455
  TOTAL ASSETS 1,926,288,739
 
LIABILITIES  
  Losses in process of adjustment    206,883,872
  Unearned Premiums    166,646,414
  Taxes and Other Items    354,881,011
  TOTAL LIABILITIES    728,411,297
 
SURPLUS TO POLICYHOLDERS 1,197,877,442
  TOTAL LIABILITIES & SURPLUS 1,926,288,739

Bonds amortized. Stocks at market values. Bonds carried at $1,523,914 are deposited with State authorities.

CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1833

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2020
ASSETS    
  Cash in Banks and Office      86,766,702
  Bonds    186,921,108
  Common Stocks    638,393,190
  Other Invested Assets (Real Estate)      33,679,039
  Interest Accrued        3,291,228
  Other Assets    200,930,675
  TOTAL ASSETS 1,149,981,942
 
LIABILITIES  
  Losses in process of adjustment    144,818,710
  Unearned Premiums    116,652,490
  Taxes and Other Items    249,586,494
  TOTAL LIABILITIES    511,057,694
 
SURPLUS TO POLICYHOLDERS    638,924,248
  TOTAL LIABILITIES & SURPLUS 1,149,981,942

Bonds amortized. Stocks at market values. Bonds carried at $1,529,917 are deposited with State authorities.

BAY STATE INSURANCE COMPANY
INCORPORATED IN 1955

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2020
ASSETS    
  Cash in Banks and Office   36,469,613
  Bonds   73,873,904
  Common Stocks 470,605,617
  Other Invested Assets (Real Estate)   14,433,874
  Interest Accrued     1,124,717
  Other Assets   84,557,559
  TOTAL ASSETS 681,065,283
 
LIABILITIES  
  Losses in process of adjustment   62,065,161
  Unearned Premiums   49,993,924
  Taxes and Other Items 136,832,372
  TOTAL LIABILITIES 248,891,458
 
 
Capital Paid Up 3,500,000
 
 
Surplus
428,673,825
 
SURPLUS TO POLICYHOLDERS 432,173,825
  TOTAL LIABILITIES & SURPLUS 681,065,283

Bonds amortized. Stocks at market values. Bonds carried at $1,575,891 are deposited with State authorities.

THE ANDOVER COMPANIES
COMBINED RECORD OF GROWTH

        Assets      Liabilities       Surplus   Premiums
2020 $3,226,729,045 $1,389,793,556 $1,836,935,489 $687,295,417
2015 $2,242,464,725   $918,646,273 $1,323,818,452 $518,628,557
2010 $1,662,432,564    $694,108,882    $968,323,682 $430,409,481
2005 $1,277,443,735    $647,971,929    $629,471,806 $458,769,148

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