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.

2023 FINANCIAL HIGHLIGHTS

ASSETS

$4,068,245,965

SURPLUS

$2,348,694,130

PREMIUMS

$852,600,724

Annual REPORT

Explore Andover’s 2022 financials and achievements in the latest Annual Report below.
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, 2023
Combined
Assets
Cash$ 278,457,092
Bonds595,338,951
Common Stocks2,454,430,182
Real Estate37,298,825
Other Invested Assets167,385,635
Interest Accrued9,219,993
Other Assets526,115,287
Total Assets$4,068,245,965

Liabilities
Loss and Loss Adjusted Expense Reserves$ 577,297,390
Unearned Premiums445,564,008
Other Liabilities696,690,437
Total Liabilities1,719,551,835

Surplus2,348,694,130
Total Liabilities and Surplus$4,068,245,965