The Commerce Group, Inc. http://www.alacrastore.com/company-snapshot/The_Commerce_Group_Inc-1003944 Friday, September 05, 2008 1:38:05 PM 1003944 The Commerce Group, Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/395534_report_framefitch/395534_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.American Commerce Insurance CompanyCitation Insurance GroupCommerce Insurance CompanyCommerce West Insurance CompanyState-Wide Insurance Company IncThe Commerce Group, Inc.8094048880940495809404988094050180940504824055108/4/2008 2:16:00 PM0101030001010308425Full Rating Report395534_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/422820_pr_framefitch/422820_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.American Commerce Insurance CompanyCitation Insurance GroupCommerce Insurance CompanyCommerce West Insurance CompanyThe Commerce Group, Inc.80940488809404958094049880940501809405046/5/2008 6:29:00 PM010103000101030885Press Release422820_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/newstex/BW-0001-25791039newstex/BW-0001-25791039xml Jun. #, #### (Business Wire) -- Fitch Ratings has upgraded the following Commerce Group, Inc. (CGI) ratings and subsidiaries with a Stable Outlook: Commerce Group, Inc.: --Issuer Default Rating (IDR) to 'A' from 'BBB+'; --$### million...0400000004009000040090016/5/2008 4:15:12 PM180000001802400018009000180160001900000019001000Business WireBW-0001-25791039COMMERCE GROUP CORPCOMMERCE GROUP INCCGCOCGINewsNewstexhttp://www.alacrastore.com/storecontent/moodys/PBC_109276moodys/PBC_109276pdf...The Commerce Group, Inc. (NYSE: CGI) is a holding company for four U.S. insurance subsidiaries that provide prop erty and casualty insurance, primarily personal lines, through independent agent s. Commerce is the largest personal automobile insurer in Massachusetts, with a market share of ##%. The company is also the largest writer of voluntar y homeowners business in Massachusetts. During ####, Commerce reported gross pr emiums written of $#.# billion and net premiums written of $#.# billion. As of December ##, ####, shareholders equity was $#.# billion and statutory surplus at its operating subsidiaries was $#.# billion. Commerce operates through five insurance companies that partici pate in an inter- company pooling agreement. The pool participation percentages are as follows: Commerce Insurance Company at ##.#%; Citation Insurance Company at #.#%; American Commerce Insurance Company at #.#%; Commerce West Insurance Company at #.#%; State-Wide Insurance Company... 5/30/2008 8:11:12 PMpdfCommerce Group, Inc. (The)Commerce Group, Inc. (The)600017242550.0000SpecialReportCompany ProfilePBC_109276Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_105414moodys/PBC_105414pdf...The Commerce Group, Inc. (NYSE: CGI) is a holding company for four U.S. insurance subsidiaries that provide prop erty and casualty insurance, primarily personal lines, through independent agent s. Commerce is the largest personal automobile insurer in Massachusetts, with a market share of ##%. The company is also the largest writer of voluntar y homeowners business in Massachusetts. During ####, Commerce reported gross pr emiums written of $#.# billion and net premiums written of $#.# billion. As of December ##, ####, shareholders equity was $#.# billion and statutory surplus at its operating subsidiaries was $#.# billion. Commerce operates through five insurance companies that partici pate in an inter- company pooling agreement. The pool participation percentages are as follows: Commerce Insurance Company at ##.#%; Citation Insurance Company at #.#%; American Commerce Insurance Company at #.#%; Commerce West Insurance Company at #.#%; State-Wide Insurance Company... Company Profile3/30/2008 8:45:29 PMCommerce Group, Inc. (The)600017242550.0000SpecialReportpdfCommerce Group, Inc. (The)PBC_105414Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_600017242moodys/COP_600017242htmlGlobal Credit Research Credit Opinion ## MAY #### Credit Opinion: Commerce Group, Inc. (The) Commerce Group, Inc. (The) United States Ratings Category Moody's Rating Rating Outlook POS Senior Unsecured Baa# Commerce Insurance Company...1/4/2008 2:20:00 AMhtmlCommerce Group, Inc. (The)Commerce Group, Inc. (The)600017242150.0000NewsCredit OpinionCOP_600017242Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/354448_report_framefitch/354448_report_framepdfAmerican Commerce Insurance CompanyCitation Insurance GroupCommerce Insurance CompanyCommerce West Insurance CompanyThe Commerce Group, Inc.809404888094049580940498809405018094050411/16/2007 2:13:00 PM0101030001010308150Credit UpdateCGIFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.354448_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/610605spcred/610605normThe latest News from S&P11/1/2007 2:55:38 AMNews100global610605United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceNewsNEW YORK (Standard&Poor's) Oct. 31, 2007--Standard&Poor's Ratings Services said today that it affirmed its 'BBB' counterparty credit rating on Commerce Group Inc. (NYSE:CGI) and its 'A' counterparty credit and financial strength ratings on CGI's insurance operating companies: Commerce Insurance Co. and Citation Insurance Co. (CIC). Standard&Poor's also said that the outlook on all these companies remains stable. The ratings on these companies are unaffected by the proposed acquisition of 100% of CGI's shares by Mapfre S.A. (Mapfre's core operating entities are Mapfre Empresas Compania de Seguros y Reaseguros S.A. Empresas S.A. and Mapfre Re Compania de Reaseguros S.A., both of which are rated AA/Stable/--.) Mapfre expects to finance the transaction through a combination ofUSA20064140301040 403010 4030 40Commerce Group Inc.124142USACGINEWSUSAESP40301040 403010 4030 4040301050 403010 4030 4040301030 403010 4030 40Commerce Insurance Co.Mapfre Empresas, Compania de Seguros y Reaseguros, S.A.Mapfre S.A.Citation Insurance Co. (MA)Mapfre Re, Compania de Reaseguros, S.A.313841124093124143308329390487EUROMIDAFRUSAMAP@SM10927Z15987Z1204Z@SMGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/610606spcred/610606normThe latest Research Update from S&P11/1/2007 2:55:38 AMResearch Update175global610606United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceResearch UpdateOn Oct. 31, 2007, Standard&Poor's Ratings Services affirmed its 'BBB' counterparty credit rating on Commerce Group Inc. (NYSE:CGI) and its 'A' counterparty credit and financial strength ratings on CGI's insurance operating companies: Commerce Insurance Co. and Citation Insurance Co. (CIC). The outlook on all these companies remains stable. The ratings on these companies are unaffected by the proposed acquisition of 100% of CGI's shares by Mapfre S.A. (Mapfre's core operating entities are Mapfre Empresas Compania de Seguros y Reaseguros S.A. Empresas S.A. and Mapfre Re Compania de Reaseguros S.A., both of which are rated AA/Stable/--.) Mapfre expects to finance the transaction through a combination of new equity, hybrid capital, and the group's existing resources. Following the proposed acquisition,USA20064140301040 403010 4030 40Commerce Group Inc.124142USACGIRESUPDUSAESP40301050 403010 4030 4040301030 403010 4030 4040301040 403010 4030 40Commerce Insurance Co.Mapfre Empresas, Compania de Seguros y Reaseguros, S.A.Mapfre S.A.Citation Insurance Co. (MA)Mapfre Re, Compania de Reaseguros, S.A.313841124093124143308329390487EUROMIDAFRUSAMAP@SM10927Z15987Z1204Z@SMGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_143508_806769584moodys/PR_143508_806769584htmlRating Action11/1/2007 12:25:20 AMGlobal Credit Research Rating Action ## OCT #### Rating Action: Commerce Insurance Company Moody's affirms Commerce Group; outlook changed to positive New York, October ##, #### -- Moody's Investors Service announced today that it...Commerce Insurance Company806769584150.0000Newshtml600017242Commerce Group, Inc. (The)Commerce Group, Inc. (The); Commerce Insurance CompanyPR_143508_806769584Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/379107_pr_framefitch/379107_pr_framehtmlAmerican Commerce Insurance CompanyCitation Insurance GroupCommerce Insurance CompanyCommerce West Insurance CompanyThe Commerce Group, Inc.809404888094049580940498809405018094050410/31/2007 6:27:00 PM010103000101030875Press ReleaseCGIFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.379107_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PR_141013_808692850moodys/PR_141013_808692850htmlAnnouncement9/20/2007 12:19:10 AMGlobal Credit Research Announcement ## SEP #### Announcement: Commerce Insurance Group Moody's affirms Commerce Group's ratings New York, September ##, #### -- Moody's Investors Service announced today that it has affirmed the A# insurance...Commerce Insurance Group808692850150.0000Newshtml806769584Commerce Insurance Company600017242Commerce Group, Inc. (The)Commerce Group, Inc. (The); Commerce Insurance Company; Commerce Insurance GroupPR_141013_808692850Credit & Investment ResearchMoody's Global Credit Research