NJM Insurance Group

NJM Insurance Group

Mutual property and casualty insurer

Overview

NJM Insurance Group provides property and casualty insurance mainly in the Mid-Atlantic, focusing on auto and home coverages and other P&C protection. It operates as a mutual insurer owned by its policyholders, using premium dollars to fund coverage, claims, and service rather than paying dividends to outside owners. Customers get protection through policies (notebook of auto and home insurance) and a claims process backed by financial stewardship and strong service. NJM differentiates itself by its mutual ownership model and a commitment to value-based solutions and service, plus regional recognition for auto claims experience and employer awards (e.g., leading Mid-Atlantic auto insurer in J.D. Power 2025 AIS; Forbes Best In-state Employer 2019–2025). Its stated goal is to provide value-based insurance solutions with the highest levels of service, integrity, and financial stewardship for policyholders in the Mid-Atlantic.

About NJM Insurance Group

Simplify's Rating
Why NJM Insurance Group is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$250M

Headquarters

Trenton, New Jersey

Founded

1913

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Simplify's Take

What believers are saying

  • The June 2026 cat bond upsized to $250 million, expanding fully collateralized storm protection.
  • NJM won a 2025 J.D. Power certification with 66 of 68 metrics passed.
  • Carol Voorhees’s July 2025 succession preserved continuity after Mitch Livingston’s planned retirement.

What critics are saying

  • A $250 million Lower Ferry Re 2026-1 bond signals heavy Northeast storm exposure through 2029.
  • The 2025 class-action settlement over leased-vehicle sales tax proves claims-pricing litigation remains costly.
  • If major hurricane losses outgrow reinsurance, NJM’s mutual capital cushion gets stressed fast.

What makes NJM Insurance Group unique

  • NJM holds eight straight J.D. Power outstanding auto claims certifications through 2025.
  • Carol Voorhees, CEO since August 2025, came from NJM’s systems and operations stack.
  • NJM still writes deep Northeast personal lines while protecting balance sheet with catastrophe bonds.

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Funding

Total Funding

$250M

Above

Industry Average

Funded Over

1 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Parental Leave

401(k) Company Match

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-2%
Artemis
Jun 12th, 2026
NJM Insurance secures upsized $250m Lower Ferry Re 2026-1 cat bond - Artemis.bm

NJM Insurance has now successfully secured the upsized $250 million of northeast US named storm reinsurance from the capital markets with its new Lower

Fideri News
Apr 19th, 2026
Ocean City H.S. students to receive DUI prevention simulator training.

Ocean City H.S. students to receive DUI prevention simulator training. Driver education students at Ocean City High School will learn how it feels to drive impaired when they take the wheel of a desktop simulator during training sessions at the school from April 21 through April 28. The simulator sessions are offered through a partnership between the John R. Elliott HERO Campaign, Cape May County Prosecutor's Office, Ocean City Police Department and NJM Insurance. A dedication ceremony for the new simulator will be held Tuesday, April 21, at noon in the high school's Community Room. The computer program challenges students to "drive" through a virtual town, displayed on a video screen, while their responses are altered to resemble intoxication. The effects typically cause students to run through stop signs and traffic lights and even cause virtual accidents. "At first, students enjoy the fun and challenge of the simulator, until they experience problems and realize that drinking and driving is no joke and can have serious consequences," said Bill Elliott, founder and chairman of the HERO Campaign. The John R. Elliott HERO Campaign is named in memory of Bill Elliott's son, who was killed by a drunk driver after graduating from the U.S. Naval Academy in July 2000. "We are proud and honored to be part of the HERO Campaign's efforts to save lives by offering this DUI prevention simulator to high school students," Cape May County Prosecutor Jeffrey H. Sutherland said. "John Elliott would have served his country honorably as a naval officer had he lived. Now his legacy is saving countless lives through the HERO Campaign." The DUI simulator also has a distracted driving module which shows students how even a brief glance at their phone while driving can turn deadly. "We are excited to offer this next generation driving simulation to our driver education students," Ocean City High School Principal Wendy O'Neal said. "It will serve as a cautionary reminder for them to be safe and responsible drivers." NJM Insurance has provided funding for the simulator. "NJM is committed to supporting initiatives that help reduce the risks of teen car crashes and provide resources to encourage safe driving habits," said Erica Rosso, supervisor of the NJM Consumer Safety Partnership and Program. "We are honored to partner with the HERO Campaign to bring this innovative instructional tool to their driver education program." The HERO Campaign partners with high schools and colleges, bar and tavern owners, law enforcement, and NFL and Major League Baseball teams to promote responsible driving. More than 100,000 motorists have taken the campaign's online HERO Pledge to be safe designated drivers. The campaign has also wrapped police cars from 50 departments throughout New Jersey with its blue and gold symbol and message: "Be a HERO. Be a Designated Driver." Jersey shore weekend. 1. 2.

WV News
Aug 21st, 2025
NJM Again Named a Forbes America's Best-in-State Employer

NJM again named a Forbes America's Best-in-State Employer.

ROI-NJ
Jun 11th, 2025
Njm Insurance Named Top Auto Insurer In Mid-Atlantic Region

NJM Insurance Group (NJM) has ranked No. 1 in the Mid-Atlantic Region in the J.D. Power 2025 U.S. Auto Insurance Study (AIS). NJM’s score of 721 (on a 1,000-point scale) is 65 points higher than the regional average.The J.D. Power 2025 U.S

bdtonline.com
Jun 10th, 2025
NJM Insurance Group Named Best Auto Insurer in the Mid-Atlantic Region for Customer Satisfaction by J.D. Power

NJM Insurance Group named Best auto insurer in the Mid-Atlantic Region for customer satisfaction by J.D. Power.

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