C
MEMIC Casualty Co
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.80
Risk Adjusted
Capital Ratio #2
1.40
Loss
Ratio
62.00%
Total
Assets
192.28M
Capital
54.18M
Net
Premiums
53.65M
Net
Income
40.05K
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Weiss Ratings MEMIC Casualty Co
Portland, ME 		Click to
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Rating C
Capitalization Index 7.20
Investment Safety Index --
Liquidity Index 7.30
Profitability Index 4.60
Reserve Adequacy Index 9.60
Stability Index 7.00
Company Info MEMIC Casualty Co
Portland, ME 		Click to
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Industry P&C
NAIC Number 14164
Phone Number (207) 791-3300
Website www.memic.com
Address 261 Commercial Street Portland, ME 04101
Balance Sheet MEMIC Casualty Co
Portland, ME 		Click to
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Total Assets 192.28M
Capital and Reserves MEMIC Casualty Co
Portland, ME 		Click to
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Risk-Adjusted Capital Ratio #1 1.80
Risk-Adjusted Capital Ratio #2 1.40
1-Year Reserve Development -2,410.00%
2-Year Reserve Development -5,580.00%
Capital 54.18M
Premium to Surplus 100.00%
Reserves to Surplus 180.00%
Investments MEMIC Casualty Co
Portland, ME 		Click to
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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 MEMIC Casualty Co
Portland, ME 		Click to
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Medical Loss Ratio --
Cash From Underwriting 100.00%
Combined Ratio 100.00%
Expense Ratio 30.00%
Loss Ratio 62.00%
Net Premium Growth 0.00%
Other Medical MEMIC Casualty Co
Portland, ME 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability MEMIC Casualty Co
Portland, ME 		Click to
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Net Income 40.05K
Net Premium 53.65M
Health Premium --