B
Mercer Ins Co of NJ Inc
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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
88
42
130
32.31%
22.80%
2023
47
97
144
67.36%
22.83%
2022
96
48
144
33.33%
23.10%
2021
135
61
196
31.12%
22.81%
2020
346
116
462
25.11%
21.51%
2019
398
161
559
28.80%
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
43
26
69
37.68%
47.78%
2023
27
48
75
64.00%
47.29%
2022
49
26
75
34.67%
45.44%
2021
64
29
93
31.18%
44.40%
2020
167
68
235
28.94%
42.45%
2019
237
118
355
33.24%
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
11
8
19
42.11%
41.49%
2023
7
13
20
65.00%
38.64%
2022
14
8
22
36.36%
39.39%
2021
20
11
31
35.48%
40.41%
2020
40
59
99
59.60%
48.09%
2019
41
36
77
46.75%
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
0
0
0
0.00%
39.63%
2023
0
0
0
0.00%
36.96%
2022
1
0
1
0.00%
37.07%
2021
26
8
34
23.53%
39.17%
2020
124
79
203
38.92%
35.42%
2019
56
42
98
42.86%
35.34%
Medical Professional Liability (Claims Made)
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%
96.35%
2023
0
0
0
0.00%
95.21%
Other Liability: Claims Made
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
1
1
100.00%
81.20%
2023
0
0
0
0.00%
74.87%
2022
0
0
0
0.00%
72.69%
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
12
12
24
50.00%
12.77%
2023
16
13
29
44.83%
16.34%
2022
15
13
28
46.43%
11.13%
2021
19
14
33
42.42%
18.93%
2020
45
27
72
37.50%
20.93%
2019
54
36
90
40.00%
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
0
0
0
0.00%
45.00%
2021
5
2
7
28.57%
46.87%
2020
31
13
44
29.55%
43.90%
2019
40
20
60
33.33%
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
3
3
6
50.00%
64.02%
2023
3
4
7
57.14%
62.55%
2022
4
3
7
42.86%
56.52%
2021
5
4
9
44.44%
62.74%
2020
8
5
13
38.46%
61.51%
2019
13
10
23
43.48%
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
17
5
22
22.73%
35.29%
2023
4
15
19
78.95%
35.67%
2022
17
4
21
19.05%
37.14%
2021
24
8
32
25.00%
35.46%
2020
57
17
74
22.97%
33.86%
2019
64
28
92
30.43%
34.01%