ANNUAL report
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.
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.
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| Combined | ||
|---|---|---|
| Assets | ||
| Cash | $ 293,878,536 | |
| Bonds | 520,742,776 | |
| Common Stocks | 2,282,523,082 | |
| Real Estate | 37,559,170 | |
| Other Invested Assets | 175,834,958 | |
| Interest Accrued | 8,262,339 | |
| Other Assets | 498,713,567 | |
| Total Assets | $3,817,514,428 | |
| Liabilities | ||
| Loss and Loss Adjusted Expense Reserves | $ 591,517,733 | |
| Unearned Premiums | 398,030,090 | |
| Other Liabilities | 633,936,451 | |
| Total Liabilities | 1,623,484,274 | |
| Surplus to Policyholders | 2,194,030,154 | |
| Total Liabilities and Surplus | $3,817,514,428 | |
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Best’s Ratings are under continuous review and subject to change and/or affirmation. To confirm the current rating, please visit the AM Best web site, www.ambest.com.
