Selective Auto Ins Co of NJ
Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (8.2) with operating gains in each of the last five years. Excellent overall results on stability tests (7.8). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (36.5%), homeowners (16.2%), comm multi (5.9%), work comp (4.8%), fire (4.8%), product liab. (3.7%), fin guar/surety (0.6%), other (27.5%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (89.1%), cash (1.1%), other (9.8%)
Corporate Info
Group Affiliation
Selective Ins Group Inc
Investment Rating
Company Address
40 Wantage Avenue
Branchville, NJ 07826
Branchville, NJ 07826
Phone Number
(973) 948-3000
NAIC Number
11074
Website
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