B
Merchants Ppty Ins Co of IN
Rating Date
June 2026
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
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Net
Premiums
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (5.0). Excellent expense controls. Good overall results on stability tests (6.8) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors: Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business: Reinsurance (100.0%)
Licensed in: IN
Principal Investments: Common stock (89.0%), investment grade bonds (10.1%), real estate (0.5%), cash (0.2%), other (0.1%)
Ratios
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Reserve to Surplus
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Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
6520 Ferguson St
Indianapolis, IN 46220
Phone Number
(317) 923-4567
NAIC Number
11894
Website
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Largest Affiliates
There are no affiliate to display.