New Jersey Indemnity Ins Co
Major Rating Factors:
Good profitability index (5.0 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.1% over the past five years. Good overall results on stability tests (6.0) despite excessive premium growth. 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.
Other Rating Factors:
Ample reserve history (8.0) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) 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:
Work comp (63.7%), comm multi (25.0%), personal/comm auto (11.3%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (95.9%), cash (4.1%)
Corporate Info
Group Affiliation
New Jersey Manufacturers Ins Co
Investment Rating
--
Company Address
301 Sullivan Way
West Trenton, NJ 08628
West Trenton, NJ 08628
Phone Number
(609) 883-1300
NAIC Number
10978
Website
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