Allstate NJ P&C Ins Co
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 (4.8) including excessive premium growth and weak results on operational trends. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.7% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (74.0%), homeowners (22.7%), comm multi (0.8%), other (2.6%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (94.5%), other (5.5%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
1130 Route 22 East
Bridgewater, NJ 08807
Bridgewater, NJ 08807
Phone Number
(908) 252-5000
NAIC Number
14940
Website
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