C
Merchants Preferred Ins Co
Buffalo,  NY
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.60
Risk Adjusted
Capital Ratio #2
1.60
Loss
Ratio
98.04%
Total
Assets
131.66M
Capital
40.33M
Net
Premiums
34.89M
Net
Income
138.45K
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
357
116
473
24.52%
23.31%
2023
434
142
576
24.65%
22.83%
2022
460
143
603
23.71%
23.10%
2021
418
129
547
23.58%
22.81%
2020
348
91
439
20.73%
21.51%
2019
405
114
519
21.97%
22.66%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
126
104
230
45.22%
47.44%
2023
144
112
256
43.75%
47.29%
2022
154
109
263
41.44%
45.44%
2021
129
87
216
40.28%
44.40%
2020
106
64
170
37.65%
42.45%
2019
205
87
292
29.79%
44.33%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
82
43
125
34.40%
41.75%
2023
100
46
146
31.51%
38.64%
2022
102
45
147
30.61%
39.39%
2021
97
60
157
38.22%
40.41%
2020
104
127
231
54.98%
48.09%
2019
146
53
199
26.63%
43.30%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
35
13
48
27.08%
39.58%
2023
32
9
41
21.95%
36.96%
2022
40
14
54
25.93%
37.07%
2021
38
17
55
30.91%
39.17%
2020
52
15
67
22.39%
35.42%
2019
44
13
57
22.81%
35.34%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
2
3
5
60.00%
12.20%
2023
3
4
7
57.14%
16.34%
2022
3
4
7
57.14%
11.13%
2021
2
4
6
66.67%
18.93%
2020
2
3
5
60.00%
20.93%
2019
1
10
11
90.91%
16.90%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
37
26
63
41.27%
45.22%
2023
40
33
73
45.21%
44.64%
2022
40
32
72
44.44%
46.15%
2021
40
27
67
40.30%
46.87%
2020
34
28
62
45.16%
43.90%
2019
83
31
114
27.19%
42.09%
Product Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
0
0
0
0.00%
64.47%
2023
0
0
0
0.00%
62.55%
2022
0
0
0
0.00%
56.52%
2021
0
0
0
0.00%
62.74%
2020
0
0
0
0.00%
61.51%
2019
1
0
1
0.00%
70.02%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
13
6
19
31.58%
35.33%
2023
15
6
21
28.57%
35.67%
2022
16
8
24
33.33%
37.14%
2021
15
9
24
37.50%
35.46%
2020
11
5
16
31.25%
33.86%
2019
36
6
42
14.29%
34.01%