ALLSTATE NJ INS CO
Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including weak results on operational trends. Strengths include potentially strong support from affiliation with Allstate Group. The largest net exposure for one risk is conservative at 1.9% of capital. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (5.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Weak profitability index (2.9) with operating losses during 2022. Return on equity has been fair, averaging 12.5% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (53.7%), homeowners (41.4%), comm multi (1.4%), other (3.5%)
Licensed in:
IL, NJ, PA
Principal Investments:
Investment grade bonds (76.3%), common stock (11.2%), non investment grade bonds (10.6%), other (1.9%)
Corporate Info
Group Affiliation
Allstate Group
Investment Rating
Company Address
3100 Sanders Road Suite 201
NORTHBROOK, IL 60062
NORTHBROOK, IL 60062
Phone Number
(847) 402-6704
NAIC Number
10852
Website
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