B
Merchants Mutual Ins Co
Buffalo,  NY
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.90
Risk Adjusted
Capital Ratio #2
1.40
Loss
Ratio
98.04%
Total
Assets
897.50M
Capital
273.84M
Net
Premiums
244.26M
Net
Income
-952.61K
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Weiss Ratings Merchants Mutual Ins Co
Buffalo, NY 		Click to
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Rating B
Capitalization Index 7.50
Investment Safety Index --
Liquidity Index 8.30
Profitability Index 3.70
Reserve Adequacy Index 3.50
Stability Index 5.40
Company Info Merchants Mutual Ins Co
Buffalo, NY 		Click to
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Industry P&C
NAIC Number 23329
Phone Number (716) 849-3333
Website www.merchantsgroup.com
Address 250 Main Street Buffalo, NY 14202
Balance Sheet Merchants Mutual Ins Co
Buffalo, NY 		Click to
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Total Assets 897.50M
Capital and Reserves Merchants Mutual Ins Co
Buffalo, NY 		Click to
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Risk-Adjusted Capital Ratio #1 1.90
Risk-Adjusted Capital Ratio #2 1.40
1-Year Reserve Development 1,840.00%
2-Year Reserve Development 2,280.00%
Capital 273.84M
Premium to Surplus 90.00%
Reserves to Surplus 160.00%
Investments Merchants Mutual Ins Co
Buffalo, NY 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 10.26%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Merchants Mutual Ins Co
Buffalo, NY 		Click to
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Medical Loss Ratio --
Cash From Underwriting 110.00%
Combined Ratio 130.00%
Expense Ratio 30.00%
Loss Ratio 98.04%
Net Premium Growth 0.00%
Other Medical Merchants Mutual Ins Co
Buffalo, NY 		Click to
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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 Mutual Ins Co
Buffalo, NY 		Click to
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Net Income -952.61K
Net Premium 244.26M
Health Premium --