Merchants National Bonding Inc

West Des Moines, IA

Rating Date

June 2026

NAIC
Classification

Property & Casualty

Risk Adjusted
Capital Ratio #1

2.25

Risk Adjusted
Capital Ratio #2

1.82

Loss
Ratio

5.51%

Total
Assets

96.19M

Capital

46.08M

Net
Premiums

34.62M

Net
Income

8.68M

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Weiss Ratings	Merchants National Bonding Inc West Des Moines, IA	Click to Compare	Click to Compare	Click to Compare
Rating	A
Capitalization Index	8.00
Investment Safety Index	--
Liquidity Index	7.30
Profitability Index	8.60
Reserve Adequacy Index	8.20
Stability Index	7.00

Company Info	Merchants National Bonding Inc West Des Moines, IA	Click to Compare	Click to Compare	Click to Compare
Industry	P&C
NAIC Number	11595
Phone Number	(515) 243-8171
Website	www.merchantsbonding.com
Address	6700 Westown Parkway West Des Moines, IA 50266

Balance Sheet	Merchants National Bonding Inc West Des Moines, IA	Click to Compare	Click to Compare	Click to Compare
Total Assets	96.19M

Capital and Reserves	Merchants National Bonding Inc West Des Moines, IA	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	2.25
Risk-Adjusted Capital Ratio #2	1.82
1-Year Reserve Development	-5.68%
2-Year Reserve Development	-5.60%
Capital	46.08M
Premium to Surplus	75.13%
Reserves to Surplus	11.86%

Investments	Merchants National Bonding Inc West Des Moines, IA	Click to Compare	Click to Compare	Click to Compare
Cash	--
CMO & Structured Securities	--
Common & Preferred Stock	--
Invested Assets	--
Investments in Affiliates	--
Mortgages in Good Standing	--
Non-Investment Grade Bonds	--
Non-Performing Mortgages	--
Other Investment Grade Bonds	--
Other Investments	--
Real Estate	--

Operating Ratios	Merchants National Bonding Inc West Des Moines, IA	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	--
Cash From Underwriting	168.67%
Combined Ratio	71.06%
Expense Ratio	65.55%
Loss Ratio	5.51%
Net Premium Growth	12.37%

Other Medical	Merchants National Bonding Inc West Des Moines, IA	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	--
Capitation Pay	--
Contractual Pay	--
Enrollment	--
Fee For Service	--
Medical Expense Per Member Per Month	--
Network Physicians	--
Other Pay	--
Salary Pay	--
Total Patient Encounters - Physician	--
Total Patient Encounters-Non-Physician	--

Profitability	Merchants National Bonding Inc West Des Moines, IA	Click to Compare	Click to Compare	Click to Compare
Net Income	8.68M
Net Premium	34.62M
Health Premium	--