Our Financial Strength

MERRIMACK MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1828

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2018
ASSETS    
  Cash in Banks and Office    119,046,905
  Bonds      93,274,470
  Common Stocks 1,083,545,304
  Real Estate      37,877,049
  Other Invested Assets (Real Estate)      44,423,192
  Interest Accrued        2,619,933
  Other Assets    277,394,759
  TOTAL ASSETS 1,658,181,613
 
LIABILITIES  
  Losses in process of adjustment    193,798,451
  Unearned Premiums    151,786,746
  Taxes and Other Items    333,763,297
  TOTAL LIABILITIES    679,348,494
 
SURPLUS TO POLICYHOLDERS    978,833,119
  TOTAL LIABILITIES & SURPLUS 1,658,181,613

Bonds amortized. Stocks at market values. Bonds carried at $1,532,819 are deposited with State authorities.

CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1833

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2018
ASSETS    
  Cash in Banks and Office    129,167,409
  Bonds      65,039,433
  Common Stocks    585,570,323
  Other Invested Assets (Real Estate)      31,096,235
  Interest Accrued        2,657,353
  Other Assets    193,880,408
  TOTAL ASSETS 1,007,411,161
 
LIABILITIES  
  Losses in process of adjustment    135,658,915
  Unearned Premiums    106,250,722
  Taxes and Other Items    224,527,348
  TOTAL LIABILITIES    466,436,985
 
SURPLUS TO POLICYHOLDERS    540,974,176
  TOTAL LIABILITIES & SURPLUS 1,007,411,161

Bonds amortized. Stocks at market values. Bonds carried at $1,549,902 are deposited with State authorities.

BAY STATE INSURANCE COMPANY
INCORPORATED IN 1955

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2018
ASSETS    
  Cash in Banks and Office   42,238,263
  Bonds   23,166,291
  Common Stocks 386,131,008
  Other Invested Assets (Real Estate)   13,326,958
  Interest Accrued     1,223,782
  Other Assets   81,733,543
  TOTAL ASSETS 547,819,844
 
LIABILITIES  
  Losses in process of adjustment   58,139,535
  Unearned Premiums   45,536,024
  Taxes and Other Items 112,232,199
  TOTAL LIABILITIES 215,907,758
 
 
Capital Paid Up 3,500,000
 
 
Surplus 328,412,086
 
SURPLUS TO POLICYHOLDERS 331,912,086
  TOTAL LIABILITIES & SURPLUS 547,819,844

Bonds amortized. Stocks at market values. Bonds carried at $1,585,370 are deposited with State authorities.

THE ANDOVER COMPANIES
COMBINED RECORD OF GROWTH

        Assets      Liabilities       Surplus   Premiums
2018 $2,726,744,324 $1,204,002,841 $1,522,741,483 $639,534,271
2013 $2,071,375,906    $854,355,323 $1,217,020,583 $492,735,562
2008 $1,531,072,640    $707,899,095    $823,173,545 $436,326,100
2003 $1,064,983,851    $501,044,296    $563,939,555 $381,280,442

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