Our Financial Strength

MERRIMACK MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1828

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2019
ASSETS    
  Cash in Banks and Office    107,782,913
  Bonds    265,068,779
  Common Stocks 1,140,980,861
  Real Estate      38,696,923
  Other Invested Assets (Real Estate)      47,543,808
  Interest Accrued        3,176,604
  Other Assets    259,129,883
  TOTAL ASSETS 1,862,379,771
 
LIABILITIES  
  Losses in process of adjustment    206,015,714
  Unearned Premiums    157,887,704
  Taxes and Other Items    339,872,164
  TOTAL LIABILITIES    703,775,582
 
SURPLUS TO POLICYHOLDERS 1,158,604,189
  TOTAL LIABILITIES & SURPLUS 1,862,379,771

Bonds amortized. Stocks at market values. Bonds carried at $1,527,699 are deposited with State authorities.

CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY
FOUNDED IN 1833

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2019
ASSETS    
  Cash in Banks and Office      64,008,114
  Bonds    208,397,164
  Common Stocks    634,959,258
  Other Invested Assets (Real Estate)      33,280,666
  Interest Accrued        3,855,687
  Other Assets    187,797,353
  TOTAL ASSETS 1,132,298,242
 
LIABILITIES  
  Losses in process of adjustment    144,210,999
  Unearned Premiums    110,521,393
  Taxes and Other Items    238,367,803
  TOTAL LIABILITIES    493,100,195
 
SURPLUS TO POLICYHOLDERS    639,198,046
  TOTAL LIABILITIES & SURPLUS 1,132,298,242

Bonds amortized. Stocks at market values. Bonds carried at $1,539,802 are deposited with State authorities.

BAY STATE INSURANCE COMPANY
INCORPORATED IN 1955

ANNUAL STATEMENT as filed with the Massachusetts Insurance Department

  December 31, 2019
ASSETS    
  Cash in Banks and Office   53,719,293
  Bonds   79,088,346
  Common Stocks 407,291,773
  Other Invested Assets (Real Estate)   14,263,127
  Interest Accrued     1,316,836
  Other Assets   79,846,932
  TOTAL ASSETS 635,526,307
 
LIABILITIES  
  Losses in process of adjustment   61,804,714
  Unearned Premiums   47,366,311
  Taxes and Other Items 122,186,204
  TOTAL LIABILITIES 231,357,230
 
 
Capital Paid Up 3,500,000
 
 
Surplus 400,669,078
 
SURPLUS TO POLICYHOLDERS 404,169,078
  TOTAL LIABILITIES & SURPLUS 635,526,307

Bonds amortized. Stocks at market values. Bonds carried at $1,581,168 are deposited with State authorities.

THE ANDOVER COMPANIES
COMBINED RECORD OF GROWTH

        Assets      Liabilities       Surplus   Premiums
2019 $3,132,573,379 $1,332,010,592 $1,800,562,787 $656,468,807
2014 $2,295,896,291    $948,403,108 $1,347,493,182 $523,645,388
2009 $1,586,834,952    $680,221,384    $906,613,568 $433,072,207
2004 $1,171,399,053    $562,954,767    $608,444,286 $428,820,953

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