Company Facts and History
Overview
Name: Amica Mutual Insurance Company
Headquarters: 100 Amica Way, Lincoln, RI
Established: 1907 – Amica is the oldest mutual insurer of automobiles in the United States.
Company Profile: Amica is a direct writer of personal insurance with auto, homeowners, personal excess liability and marine coverages. The company is known in the insurance industry for its financial strength and exceptional customer service.
Senior Officer: Edmund Shallcross III, president and chief executive officer
Ratings
- A+ (Superior) from AM Best Company*
- Repeatedly recognized for exceptional service in auto and homeowners insurance surveys by a leading consumer publication.
Financial Strength
Assets as of Dec. 31, 2022 – $5.4 billion
Policy counts as of Dec. 31, 2022 – 1.4 million
Subsidiaries
Amica Life Insurance Company – Directly offers life insurance and annuity products. It does business in all states. Chartered in 1969.
Amica Property and Casualty Insurance Company – A wholly owned subsidiary of Amica Mutual Insurance Company that provides auto insurance in selected states around the country.
Amica General Agency, LLC. – A wholly owned subsidiary of Amica Mutual Insurance Company established to assist with special or unique insurance needs. Incorporated in 1987.
Our History
1907 - The Automobile Mutual Insurance Company of America was founded in Providence by A.T. Vigneron. It offered automotive, fire and theft insurance.
1914 - The Factory Mutual Liability Insurance Company of America was chartered for the purpose of providing liability insurance to Automobile Mutual policyholders.
1941 - The company opened its first branch office in Boston.
1956 - The company began issuing homeowners insurance. It later added marine and personal excess liability insurance.
1969 - Amica Life was incorporated.
1973 - Automobile Mutual and Factory Mutual merged to form a more efficient corporate identity.
1994 - Amica's corporate offices moved from Providence to Lincoln, Rhode Island.
2007 - Amica celebrated its 100th anniversary.
2019 - Amica Life celebrated its 50th year in business. Now licensed in all states, the company offers high-value products and outstanding service to ensure policyholders have the peace of mind that comes with knowing their loved ones are protected.
2022 - Edmund Shallcross III was elected Amica's president and chief executive officer.
* A+ (Superior) is the second highest of 13 company ratings. Ratings range from A++ (Superior) to D (Poor). AM Best's ratings measure an insurer’s financial strength.