Teachers Auto Ins Co of NJ
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.3) including excessive premium growth. Weak profitability index (2.9) with operating losses during 2020. Return on equity has been fair, averaging 6.1% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (8.6) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (67.9%), non investment grade bonds (31.3%), other (0.8%)
Corporate Info
Group Affiliation
Palisades Safety and Ins Association
Investment Rating
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Company Address
581 Main Street
Woodbridge, NJ 07095
Woodbridge, NJ 07095
Phone Number
(732) 978-6000
NAIC Number
12212
Website
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