B
Millville Mutual Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
6.20
Risk Adjusted
Capital Ratio #2
4.10
Loss
Ratio
59.96%
Total
Assets
162.10M
Capital
107.70M
Net
Premiums
54.38M
Net
Income
7.17M
My Lists My Alerts
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
130
90
220
40.91%
41.49%
2023
100
84
184
45.65%
38.64%
2022
109
82
191
42.93%
39.39%
2021
86
105
191
54.97%
40.41%
2020
107
77
184
41.85%
48.09%
2019
147
102
249
40.96%
43.30%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
991
765
1,756
43.56%
39.63%
2023
1,127
612
1,739
35.19%
36.96%
2022
947
607
1,554
39.06%
37.07%
2021
1,034
730
1,764
41.38%
39.17%
2020
854
525
1,379
38.07%
35.42%
2019
1,333
779
2,112
36.88%
35.34%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
4
7
11
63.64%
12.77%
2023
8
16
24
66.67%
16.34%
2022
8
11
19
57.89%
11.13%
2021
9
13
22
59.09%
18.93%
2020
10
10
20
50.00%
20.93%
2019
12
18
30
60.00%
16.90%