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Company Details
MITSUI SUMITOMO INSURANCE COMPANY OF AMERICA License Status :
Active
NAIC Number :
20362
Phone Number:
9086042900
Company Address:
15 Independence Boulevard, PO Box 4602
Warren, NJ 07059-0602
Description:
Property and Casualty
License Number:
B424247
Date Admitted:
1983-12-02
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Property & Casualty | 0.03% | $4,272,712 | $3,979,390 | $548,748 | $1,189,666 | 29.90 % |
| 2023 | Total Fire & Allied Lines | 0.06% | $430,715 | $580,245 | $0 | $324,700 | 55.96 % |
| 2023 | Commercial Fire & Allied Lines | 0.13% | $430,715 | $580,245 | $0 | $324,700 | 55.96 % |
| 2023 | Commercial Multi-Peril | 0.10% | $1,154,054 | $974,548 | $304,492 | $353,085 | 36.23 % |
| 2023 | Inland Marine (Incl Auto Cargo) | 0.20% | $1,101,580 | $906,652 | $0 | $-110,737 | -12.21 % |
| 2023 | Direct Workers Compensation | 0.12% | $1,301,937 | $1,210,816 | $182,199 | $319,765 | 26.41 % |
| 2023 | Other Liability - Bodily Injury & Property Damage | 0.01% | $136,248 | $158,066 | $0 | $7,919 | 5.01 % |
| 2023 | Products Liability | 0.00% | $0 | $0 | $0 | $-2,399 | N/A |
| 2023 | Total Commercial Automobile | 0.01% | $148,178 | $149,063 | $36,529 | $297,812 | N/A |
| 2023 | Commercial Auto Liability Bodily Injury | 0.02% | $105,718 | $109,540 | $7,612 | $101,060 | 92.26 % |
| 2023 | Commercial Auto Liability Property Damage | 0.00% | $0 | $0 | $0 | $75,795 | N/A |
| 2023 | Commercial Auto Medical Payments | 0.03% | $2,338 | $2,491 | $0 | $25,265 | N/A |
| 2023 | Commercial Auto Uninsured Motorists | 0.03% | $12,186 | $11,430 | $0 | $50,530 | N/A |
| 2023 | Commercial Auto Comprehensive | 0.01% | $9,334 | $8,511 | $6,500 | $15,807 | N/A |
| 2023 | Commercial Auto Collision | 0.01% | $18,602 | $17,091 | $22,417 | $29,355 | N/A |
| 2023 | Aircraft | 0.00% | $0 | $0 | $25,528 | $-479 | N/A |
| 2022 | Total Property & Casualty | 0.03% | $3,989,024 | $3,760,827 | $244,510 | $625,243 | 16.63 % |
| 2022 | Total Fire & Allied Lines | 0.18% | $864,658 | $660,887 | $0 | $165,816 | 25.09 % |
| 2022 | Commercial Fire & Allied Lines | 0.27% | $864,658 | $660,887 | $0 | $165,816 | 25.09 % |
| 2022 | Commercial Multi-Peril | 0.09% | $923,903 | $861,104 | $0 | $-359,931 | -41.80 % |
| 2022 | Ocean Marine | 0.00% | $0 | $0 | $-2 | $0 | N/A |
| 2022 | Inland Marine (Incl Auto Cargo) | 0.16% | $859,181 | $870,931 | $45,000 | $284,109 | 32.62 % |
| 2022 | Direct Workers Compensation | 0.10% | $1,013,189 | $1,005,532 | $156,831 | $330,152 | 32.83 % |
| 2022 | Other Liability - Bodily Injury & Property Damage | 0.02% | $180,938 | $179,233 | $0 | $168,160 | 93.82 % |
| 2022 | Products Liability | 0.00% | $0 | $0 | $0 | $2,375 | N/A |
| 2022 | Total Commercial Automobile | 0.02% | $147,155 | $183,140 | $24,546 | $4,104 | 2.24 % |
| 2022 | Commercial Auto Liability Bodily Injury | 0.02% | $111,985 | $133,335 | $476 | $-6,849 | -5.14 % |
| 2022 | Commercial Auto Liability Property Damage | 0.00% | $0 | $0 | $0 | $-5,137 | N/A |
| 2022 | Commercial Auto Medical Payments | 0.04% | $2,594 | $2,998 | $0 | $-1,712 | -57.10 % |
| 2022 | Commercial Auto Uninsured Motorists | 0.03% | $10,415 | $13,185 | $0 | $-3,424 | -25.97 % |
| 2022 | Commercial Auto Comprehensive | 0.01% | $7,264 | $10,824 | $0 | $7,429 | 68.63 % |
| 2022 | Commercial Auto Collision | 0.01% | $14,897 | $22,798 | $24,070 | $13,797 | 60.52 % |
| 2022 | Aircraft | 0.00% | $0 | $0 | $18,135 | $30,458 | N/A |
| 2021 | Total Property & Casualty | 0.03% | $3,486,612 | $3,508,571 | $349,719 | $246,764 | 7.03 % |
| 2021 | Total Fire & Allied Lines | 0.07% | $488,507 | $409,588 | $0 | $-26,782 | -6.54 % |
| 2021 | Dwelling Fire & Allied Lines | 0.34% | $488,507 | $409,588 | $0 | $-26,782 | -6.54 % |
| 2021 | Commercial Multi-Peril | 0.09% | $837,328 | $794,622 | $-73,383 | $99,012 | 12.46 % |
| 2021 | Ocean Marine | 0.00% | $0 | $0 | $0 | $-6 | N/A |
| 2021 | Inland Marine (Incl Auto Cargo) | 0.19% | $873,256 | $923,059 | $7,117 | $128,118 | 13.88 % |
| 2021 | Direct Workers Compensation | 0.09% | $907,455 | $984,921 | $310,442 | $101,119 | 10.27 % |
| 2021 | Other Liability - Bodily Injury & Property Damage | 0.02% | $182,591 | $165,135 | $30,000 | $-185,647 | -112.42 % |
| 2021 | Products Liability | 0.00% | $49 | $609 | $0 | $-5,298 | -869.95 % |
| 2021 | Total Commercial Automobile | 0.02% | $198,844 | $230,861 | $73,213 | $156,852 | 67.94 % |
| 2021 | Commercial Auto Liability Bodily Injury | 0.03% | $144,783 | $157,116 | $11,878 | $42,326 | 26.94 % |
| 2021 | Commercial Auto Liability Property Damage | 0.00% | $0 | $0 | $0 | $31,745 | N/A |
| 2021 | Commercial Auto Medical Payments | 0.05% | $3,228 | $3,300 | $0 | $10,582 | N/A |
| 2021 | Commercial Auto Uninsured Motorists | 0.05% | $14,143 | $26,926 | $0 | $21,163 | 78.60 % |
| 2021 | Commercial Auto Comprehensive | 0.01% | $12,103 | $14,494 | $7,415 | $17,863 | N/A |
| 2021 | Commercial Auto Collision | 0.01% | $24,587 | $29,025 | $53,920 | $33,173 | N/A |
| 2021 | Aircraft | -0.01% | $-1,418 | $-224 | $2,330 | $-20,604 | 9,198.21 % |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2023 | Homeowners | 0.01% | 0 | 0 |
| 2022 | Homeowners | 0.01% | 0 | 0 |
| 2021 | Homeowners | 0.01% | 0 | 0 |
Company Changes
Effective Date: 08/01/2003
Comments: Sumitomo Marine & Fire Insurance Co. of America changed its name to Mitsui Sumitom Insurance Co. of America.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.