MIGP Mercer Insurance Grp., Inc. (MM)

A.M. Best Co. has commented that the financial strength rating of A (Excellent) and the stable rating outlook on the subsidiaries of Mercer Insurance Group, Inc. (MIGP) (NASDAQ:MIGP) (Pennington, NJ) remain unchanged following the announcement of its acquisition of Financial Pacific Insurance Group, Inc. (Financial Pacific) (Sacramento, CA), a writer of commercial property/casualty lines in the Western region of the United States. The financial strength rating of A- (Excellent) and the negative rating outlook on Financial Pacific's insurance subsidiary, Financial Pacific Insurance Company (Sacramento, CA), also remain unchanged. A.M. Best believes that the proposed acquisition of Financial Pacific for approximately $40.4 million in cash is consistent with MIGP's long-term objectives of strategically developing its commercial lines segment and its product and geographic diversification. Financial Pacific is a specialty writer of commercial lines doing business primarily in California, Nevada, Oregon and Utah. MIGP is a holding company--which through its insurance subsidiaries--offers commercial and personal lines products to businesses and individuals in Pennsylvania and New Jersey. For Best's Ratings, an overview of the rating process and rating methodologies, please visit http://www.ambest.com/ratings. For current Best's Ratings, independent data and analysis on more than 3,000 individual property/casualty companies, groups and industry composites, please visit http://www.ambest.com/pc. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at http://www.ambest.com.