Amica’s Stability and Financial Strength

Amica Mutual Insurance Company, the nation's oldest mutual insurer of automobiles, is a diversified company. In addition to a broad range of insurance protection for your Automobile and Homeowners insurance, we also offer Marine and Personal Umbrella Liability Insurance in most states. Life Insurance and annuities are made available through Amica Life Insurance Company, a wholly owned subsidiary of Amica Mutual Insurance Company. Our corporate mission is to enhance the financial security of our customers by offering personal insurance protection and other related services at the lowest reasonable cost, consistent with sound financial management

Investment Philosophy – Amica follows a conservative investment philosophy that has resulted in the vast majority of invested assets being held in high quality marketable securities. Virtually all bonds owned are of investment grade quality. Common stock holdings are well diversified. Real estate investments are limited to properties occupied by the company. Click here to view Amica’s investments pie chart.

Financial Strength – A.M. Best Company, the nation's oldest and best-known insurance rating company, has repeatedly awarded Amica Mutual Insurance Company its highest rating of A++ (Superior). A.M. Best has also given its highest rating, A++ (Superior) to the Amica Property & Casualty Insurance Company and Amica Lloyd's of Texas. Amica Life Insurance Company's rating was also affirmed at A+ (Superior), among the highest ratings awarded.

Amica Life is a class VIII company and Amica Mutual is a class XIV company* – Class size is important relative to the security provided. Under traditional arrangements, contingent liability is transferred to a smaller shell or holding company that may or may not have assets beyond the annuities it purchases to fund its payment obligations. Amica's security is uniquely designed for maximum protection. Amica does not use a shell or holding company for the transfer of contingent liability. In the Amica structured settlement, Amica Mutual, (Class XIV), the owner of the annuity and obligor of the payments, purchases the annuity from it's wholly- owned subsidiary Amica Life, (Class VIII). Amica Life makes the payments, but the payment obligation remains with Amica Mutual, the larger company. This arrangement gives the Amica structured settlement the backing of two highly rated companies, and ensures unparalleled safety and security for the annuitant.