| Mercer Insurance Group, Inc. | |||
| Proposed Ticker: | MRCR | 10 North Highway 31, P.O. Box 278 | |
| Exchange: | NASDAQ-National Market | Pennington, NJ 08534 | |
| Industry: | Financial (SIC Code 6331) | (609) 737-0426 | |
| Type of Shares: | Common Shares | Filing Date: | 12/4/97 | |
| U.S. Shares Filed: | 2,990,000 | Filing Price: | $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $29,900,000 | |
| Primary Shares: | 2,990,000 | Expenses: | $577,500 | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Sandler O'Neill & Partners. L.P. | Lead Manager | (212) 466-7737 |
| Issuer's Law Firm: | Stevens & Lee |
| Bank's Law Firm: | Lord, Bissell & Brook |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $23.67 | $15.71 | $17.72 | Assets: | $73.26 |
| Net Income: | $0.36 | $1.32 | $0.53 | Curr Assets: | |
| EPS: | $0.19 | $0.67 | Liabilities: | $51.31 | |
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $1.43 | Equity: | $21.95 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | -$2.32 | ||||
| Business Description |
| The company is a property and casualty insurer of small and medium sized businesses and property owners located in New Jersey and Pennsylvania. The company markets homeowners and commercial multi-peril and other liability policies. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to purchase all of the capital stock of Mercer Mutual to be issued in the mutual conversion. |