B
Merchants National Ins Co
BuffaloNY
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Weiss Ratings Merchants National Ins Co
Buffalo, NY
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Rating B
Capitalization Index 7.10
Investment Safety Index --
Liquidity Index 7.90
Profitability Index 3.60
Reserve Adequacy Index 3.30
Stability Index 5.20
Company Info Merchants National Ins Co
Buffalo, NY
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Industry P&C
NAIC Number 12775
Phone Number (716) 849-3333
Website www.merchantsgroup.com
Address 250 Main Street Buffalo, NY 14202
Balance Sheet Merchants National Ins Co
Buffalo, NY
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Total Assets 256.47M
Capital and Reserves Merchants National Ins Co
Buffalo, NY
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Risk-Adjusted Capital Ratio #1 1.40
Risk-Adjusted Capital Ratio #2 1.10
1-Year Reserve Development 1,880.00%
2-Year Reserve Development 2,540.00%
Capital 75.59M
Premium to Surplus 90.00%
Reserves to Surplus 170.00%
Investments Merchants National Ins Co
Buffalo, NY
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 18.29%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Merchants National Ins Co
Buffalo, NY
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Medical Loss Ratio --
Cash From Underwriting 120.00%
Combined Ratio 130.00%
Expense Ratio 30.00%
Loss Ratio 98.04%
Net Premium Growth 0.00%
Other Medical Merchants National Ins Co
Buffalo, NY
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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 Merchants National Ins Co
Buffalo, NY
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Net Income -285.72K
Net Premium 69.79M
Health Premium --