Merchants National Bonding Inc
Major Rating Factors:
Good overall results on stability tests (6.5 on a scale of 0 to 10) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.4% of capital. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.6) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 11.9%. Excellent liquidity (7.6) 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:
Fin guar/surety (99.1%), other (0.9%)
Licensed in:
All states except NH
Principal Investments:
Investment grade bonds (77.5%), common stock (17.9%), cash (2.0%), other (2.6%)
Corporate Info
Group Affiliation
Merchants Bonding Co (Mutual)
Investment Rating
--
Company Address
6700 Westown Parkway
West Des Moines, IA 50266
West Des Moines, IA 50266
Phone Number
(515) 243-8171
NAIC Number
11595
Website
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