Mercer Ins Co of NJ Inc
Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) 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. Good overall results on stability tests (6.6) despite.
Other Rating Factors:
Fair profitability index (4.8) with operating losses during 2020 and 2023. Return on equity has been low, averaging 2.3% over the past five years. 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:
(No states)
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