NJM mailing $61 million to policyholders

November 2008

New Jersey Manufacturers Insurance Company, the largest auto insurer in New Jersey, is issuing Special Dividend checks to policyholders for the 15th year in a row, this year totaling $61 million. Checks averaging about $149 are being mailed now through mid-December.

Additionally, NJM's workers' compensation Regular Dividend will rise from 15% to 20% of premium for policyholders with contracts expiring in January through March 2009.

The dividend declarations demonstrate that, despite the nation's current economic turmoil, NJM is well positioned to serve policyholders. NJM has an A.M. Best rating for financial strength of A++ (Superior), the highest possible. The Company's investment portfolio is mostly high-quality bonds, of which 98% are rated "A" or better. NJM also maintains carefully selected equity investments, which in the aggregate are less than 8% of total assets.

See news release