Midwest Ins Grp Inc a RRG
Major Rating Factors:
Weak overall results on stability tests (0.9 on a scale of 0 to 10) including weak risk adjusted capital in prior years and excessive premium growth. The largest net exposure for one risk is excessive at 21.0% of capital. Fair long-term capitalization index (4.4) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020. Ample reserve history (9.5) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.6). Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Med mal (0.6%), other (99.4%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (71.7%), common stock (15.8%), non investment grade bonds (5.6%), cash (5.5%), other (1.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5875 Castle Creek Parkway North Drive
Indianapolis, IN 46250
Indianapolis, IN 46250
Phone Number
(317) 564-3294
NAIC Number
11999
Website
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