| | Business Summary | | Merchants
Group,
Inc.
is
holding
company
that
offers.
through
its
wholly
owned
subsidiary,
Merchants
Insurance
Company
of
New
Hampshire,
Inc.,
property
and
casualty
insurance
to
preferred-risk
individuals
and
small
to
medium-sized
businesses
in
the
northeastern
United
States.
The
Company's
Commercial
Lines
business
is
primarily
retail
and
mercantile
in
nature
and
generally
consists
of
small
to
medium-sized,
low
hazard
commercial
risks
that
as
a
group
have
relatively
stable
loss
ratios.
Through
its
Personal
Lines
business,
the
Company
offers
personal
automobile
and
homeowners'
insurance
to
preferred-risk
individuals,
generally
requiring
experienced
drivers
with
no
accidents
or
moving
violations
in
the
last
three
years
for
personal
automobile
insurance,
and
medium-
to
high-value
homes
with
systems
that
are
less
than
30
years
old
in
fire
protected
areas
for
homeowners'
insurance. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Merchants
Group,
Inc.,
through
its
subsidiary,
provides
property
and
casualty
insurance
to
preferred
risk
individuals
and
small
to
medium
size
businesses
in
the
Northeast
U.S.
For
the
six
months
ended
6/30/01,
revenues
increased
1%
to
$53.9
million.
Net
income
fell
45%
to
$1.4
million.
Revenues
reflect
an
increase
in
investment
income.
Earnings
were
offset
by
increased
loss
adjustment
expenses
and
higher
amortization
of
deferred
policy
acquisition
costs. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Garman, 70
Chairman | -- | Brent Baird, 62
Pres,
CEO | -- | Kenneth Wilson, 53
CFO,
VP, Treasurer, Sec. | $123K | Robert Zak, 43
COO,
Sr. VP, Director | 218K | Edward Murphy, 50
VP,
CIO, Assistant Sec. | 114K | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/mgp.gif)