Mercer Ins Co of NJ Inc
Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2020 and 2023. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.6) despite. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (25.7%), work comp (6.5%), product liab. (6.2%), comm multi (4.8%), fire (4.3%), fin guar/surety (3.6%), homeowners (1.2%), other (47.7%)
Licensed in:
NJ, NY
Principal Investments:
Investment grade bonds (94.6%), cash (3.3%), other (2.2%)
Corporate Info
Group Affiliation
United Fire Group Inc
Investment Rating
Company Address
118 Second Avenue, SE
Cedar Rapids, IA 52401
Cedar Rapids, IA 52401
Phone Number
(319) 399-5700
NAIC Number
43540
Website
Largest Affiliates