Samsung Fire & Marine Ins Co

Ridgefield Park, NJ

Rating Date

June 2025

NAIC
Classification

Property & Casualty

Risk Adjusted
Capital Ratio #1

4.40

Risk Adjusted
Capital Ratio #2

2.90

Loss
Ratio

83.53%

Total
Assets

184.17M

Capital

95.10M

Net
Premiums

25.60M

Net
Income

3.10M

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Weiss Ratings	Samsung Fire & Marine Ins Co Ridgefield Park, NJ	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	9.40
Investment Safety Index	--
Liquidity Index	10.00
Profitability Index	8.60
Reserve Adequacy Index	7.00
Stability Index	3.90

Company Info	Samsung Fire & Marine Ins Co Ridgefield Park, NJ	Click to Compare	Click to Compare	Click to Compare
Industry	P&C
NAIC Number	38300
Phone Number	(201) 807-6720
Website	us.samsungfire.com
Address	105 Challenger Road Ridgefield Park, NJ 07660

Balance Sheet	Samsung Fire & Marine Ins Co Ridgefield Park, NJ	Click to Compare	Click to Compare	Click to Compare
Total Assets	184.17M

Capital and Reserves	Samsung Fire & Marine Ins Co Ridgefield Park, NJ	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	4.40
Risk-Adjusted Capital Ratio #2	2.90
1-Year Reserve Development	80.00%
2-Year Reserve Development	30.00%
Capital	95.10M
Premium to Surplus	30.00%
Reserves to Surplus	40.00%

Investments	Samsung Fire & Marine Ins Co Ridgefield Park, NJ	Click to Compare	Click to Compare	Click to Compare
Cash	--
CMO & Structured Securities	--
Common & Preferred Stock	--
Invested Assets	--
Investments in Affiliates	--
Mortgages in Good Standing	--
Non-Investment Grade Bonds	--
Non-Performing Mortgages	--
Other Investment Grade Bonds	--
Other Investments	--
Real Estate	--

Operating Ratios	Samsung Fire & Marine Ins Co Ridgefield Park, NJ	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	--
Cash From Underwriting	90.00%
Combined Ratio	90.00%
Expense Ratio	10.00%
Loss Ratio	83.53%
Net Premium Growth	30.00%

Other Medical	Samsung Fire & Marine Ins Co Ridgefield Park, NJ	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	--
Capitation Pay	--
Contractual Pay	--
Enrollment	--
Fee For Service	--
Medical Expense Per Member Per Month	--
Network Physicians	--
Other Pay	--
Salary Pay	--
Total Patient Encounters - Physician	--
Total Patient Encounters-Non-Physician	--

Profitability	Samsung Fire & Marine Ins Co Ridgefield Park, NJ	Click to Compare	Click to Compare	Click to Compare
Net Income	3.10M
Net Premium	25.60M
Health Premium	--