Financials

This is an image of The Andover Companies leadership team in front of their building.

ANNUAL report

TOGETHER, WE ARE SHAPING THE FUTURE

As The Andover Companies approaches its 200th anniversary, we appreciate all we have accomplished since our founding. We would not be where we are today without the support of our policyholders and agents or the hard work and dedication of our employees.

FINANCIAL HIGHLIGHTS

ASSETS

$3,817,514,428

SURPLUS

$2,194,030,154

PREMIUMS

$791,570,170

2022 Annual REPORT

For more details on our 2022 financials and our company’s achievements, please take a moment to flip through the annual report.
This is an image of the AM Best logo over a blurred background.

A.M. Best Financial Strength Rating: “A”

Since 1940, The Andover Companies combined has rated “A” (Excellent) or higher for financial strength by A.M. Best, a rating organization focusing on the insurance industry. This is an independent view of an insurer’s financial strength and ability to meet its ongoing insurance policies and contract obligations.

Click here to read our “Best’s Company Report.”

A.M. Best Limited License Notice

Annual Statement

Combining Balance Sheet As of December 31, 2022
Combined
Assets
Cash$ 293,878,536
Bonds520,742,776
Common Stocks2,282,523,082
Real Estate37,559,170
Other Invested Assets175,834,958
Interest Accrued8,262,339
Other Assets498,713,567
Total Assets$3,817,514,428

Liabilities
Loss and Loss Adjusted Expense Reserves$ 591,517,733
Unearned Premiums398,030,090
Other Liabilities633,936,451
Total Liabilities1,623,484,274

Surplus to Policyholders2,194,030,154
Total Liabilities and Surplus$3,817,514,428