C
Magna Ins Co
Rating Date
January 2026
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Weiss Ratings Magna Ins Co
Mandeville, LA
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Rating C
Capitalization Index 10.00
Investment Safety Index 4.64
Liquidity Index 8.01
Profitability Index 8.16
Reserve Adequacy Index --
Stability Index 4.77
Company Info Magna Ins Co
Mandeville, LA
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Industry Health
NAIC Number 61018
Phone Number (985) 327-5502
Website --
Address 895 Park Avenue Mandeville, LA 70448
Balance Sheet Magna Ins Co
Mandeville, LA
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Total Assets 11.45M
Capital and Reserves Magna Ins Co
Mandeville, LA
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Risk-Adjusted Capital Ratio #1 3.76
Risk-Adjusted Capital Ratio #2 3.13
1-Year Reserve Development --
2-Year Reserve Development --
Capital 7.86M
Premium to Surplus --
Reserves to Surplus --
Investments Magna Ins Co
Mandeville, LA
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Magna Ins Co
Mandeville, LA
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Medical Loss Ratio 44.28%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Magna Ins Co
Mandeville, LA
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Bonus Pay 0.00
Capitation Pay 0.00
Contractual Pay 0.00
Enrollment 170.24K
Fee For Service 0.00
Medical Expense Per Member Per Month $5.00
Network Physicians 0.00
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 0.00
Total Patient Encounters-Non-Physician 0.00
Profitability Magna Ins Co
Mandeville, LA
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Net Income 2.45M
Net Premium 13.47M
Health Premium 13.47M