NJ Manufacturers Ins Co
Major Rating Factors:
Good overall profitability index (5.3 on a scale of 0 to 10) despite operating losses during 2023. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (8.3). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (60.2%), homeowners (21.6%), work comp (15.0%), comm multi (0.7%), fire (0.4%), other (2.2%)
Licensed in:
CT, DE, MD, ME, NJ, NY, OH, PA, RI
Principal Investments:
Investment grade bonds (50.6%), common stock (43.2%), real estate (0.6%), other (5.6%)
Corporate Info
Group Affiliation
New Jersey Manufacturers Ins Co
Investment Rating
--
Company Address
301 Sullivan Way
West Trenton, NJ 08628
West Trenton, NJ 08628
Phone Number
(609) 883-1300
NAIC Number
12122
Website
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