C
Allstate New Jersey Ins Co
ClarkNJ
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (2.2 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Fair long-term capitalization index (4.5) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Fair reserve development (4.3) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 18.4% deficient.
Other Rating Factors: Vulnerable liquidity (2.9) as a spike in claims may stretch capacity. Good overall results on stability tests (6.2) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.7% of capital.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. L - Past results on our liquidity tests.
Principal Lines of Business: Personal/comm auto (71.7%), homeowners (24.7%), comm multi (0.7%), other (2.9%)
Licensed in: IL, NJ
Principal Investments: Investment grade bonds (78.5%), common stock (11.1%), non investment grade bonds (8.1%), other (2.3%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
ALL
Company Address
100 N. Walnut Avenue
Clark, NJ 07066
Phone Number
(908) 252-5000
NAIC Number
10852
Largest Affiliates
C
Northbrook, IL - P&C
D
Winston-Salem, NC - P&C
C
JACKSONVILLE, FL - L&A
C
Winston-Salem, NC - P&C
D
Northbrook, IL - P&C