Our Financial Strength

MERRIMACK MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1828

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2017
ASSETS    
  Cash in Banks and Office    114,928,844
  Bonds      92,549,210
  Common Stocks 1,220,405,477
  Real Estate      36,472,711
  Other Invested Assets (Real Estate)      36,762,020
  Interest Accrued        2,669,708
  Other Assets    224,392,676
  TOTAL ASSETS 1,728,180,645
 
LIABILITIES  
  Losses in process of adjustment    176,790,225
  Unearned Premiums    132,989,308
  Taxes and Other Items    317,762,214
  TOTAL LIABILITIES    627,541,747
 
SURPLUS TO POLICYHOLDERS 1,100,638,899
  TOTAL LIABILITIES & SURPLUS 1,728,180,645

Bonds amortized. Stocks at market values. Bonds carried at $1,537,612 are deposited with State authorities.

CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1833

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2017
ASSETS    
  Cash in Banks and Office      98,414,924
  Bonds      74,151,038
  Common Stocks    620,780,457
  Other Invested Assets (Real Estate)      25,733,414
  Interest Accrued        3,078,429
  Other Assets    190,230,951
  TOTAL ASSETS 1,012,389,213
 
LIABILITIES  
  Losses in process of adjustment    123,753,157
  Unearned Premiums      93,092,516
  Taxes and Other Items    216,014,601
  TOTAL LIABILITIES    432,860,274
 
SURPLUS TO POLICYHOLDERS    579,528,940
  TOTAL LIABILITIES & SURPLUS 1,012,389,213

Bonds amortized. Stocks at market values. Bonds carried at $1,559,429 are deposited with State authorities.

BAY STATE INSURANCE COMPANY
INCORPORATED IN 1955

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2017
ASSETS    
  Cash in Banks and Office   30,316,324
  Bonds   36,931,094
  Common Stocks 428,071,472
  Other Invested Assets (Real Estate)   11,028,606
  Interest Accrued     1,323,359
  Other Assets   65,479,281
  TOTAL ASSETS 573,150,134
 
LIABILITIES  
  Losses in process of adjustment   53,037,067
  Unearned Premiums   39,896,792
  Taxes and Other Items 112,300,100
  TOTAL LIABILITIES 205,233,960
 
 
Capital Paid Up  
    3,500,000
 
Surplus  
364,416,175
SURPLUS TO POLICYHOLDERS 367,916,175
  TOTAL LIABILITIES & SURPLUS 573,150,134

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
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    $614,378,554    $811,381,888 $455,464,592
2002    $950,115,241    $428,508,115    $521,607,126 $312,477,666

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