Merchants National Bonding Inc
Major Rating Factors:
Strong long-term capitalization index (8.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent profitability index (8.6).
Other Rating Factors:
Excellent liquidity (7.3) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0) despite. The largest net exposure for one risk is conservative at 1.8% of capital.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Fin guar/surety (99.0%), other (1.0%)
Licensed in:
All states except NH
Principal Investments:
Investment grade bonds (64.4%), cash (17.0%), common stock (16.6%), other (2.0%)
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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