Michigan Ins Co
Major Rating Factors:
Good liquidity (6.6 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.3) despite. The largest net exposure for one risk is high at 4.6% of capital. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (7.6) with small operating losses during 2022.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (37.7%), comm multi (34.8%), work comp (11.2%), homeowners (9.0%), fire (0.2%), other (7.0%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (94.3%), cash (4.2%), non investment grade bonds (0.6%), other (0.9%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
1700 East Beltline NE
Grand Rapids, MI 49525
Grand Rapids, MI 49525
Phone Number
(888) 606-6426
NAIC Number
10857
Website
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