B
Madison Mutual Ins Co (IL)
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.40
Risk Adjusted
Capital Ratio #2
1.60
Loss
Ratio
77.68%
Total
Assets
75.29M
Capital
36.03M
Net
Premiums
45.09M
Net
Income
407.19K
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
2,077
500
2,577
19.40%
23.31%
2023
2,252
385
2,637
14.60%
22.83%
2022
1,875
337
2,212
15.24%
23.10%
2021
1,458
286
1,744
16.40%
22.81%
2020
646
298
944
31.57%
21.51%
2019
931
310
1,241
24.98%
22.66%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
0
0
0
0.00%
41.75%
2023
0
0
0
0.00%
38.64%
2022
0
0
0
0.00%
39.39%
2021
0
0
0
0.00%
40.41%
2020
0
0
0
0.00%
48.09%
2019
0
0
0
0.00%
43.30%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
936
237
1,173
20.20%
39.58%
2023
679
318
997
31.90%
36.96%
2022
392
196
588
33.33%
37.07%
2021
326
216
542
39.85%
39.17%
2020
606
872
1,478
59.00%
35.42%
2019
694
147
841
17.48%
35.34%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
0
0
0
0.00%
12.20%
2023
0
0
0
0.00%
16.34%
2022
0
0
0
0.00%
11.13%
2021
0
0
0
0.00%
18.93%
2020
0
0
0
0.00%
20.93%
2019
0
0
0
0.00%
16.90%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
463
137
600
22.83%
45.22%
2023
557
258
815
31.66%
44.64%
2022
543
192
735
26.12%
46.15%
2021
561
194
755
25.70%
46.87%
2020
985
154
1,139
13.52%
43.90%
2019
653
120
773
15.52%
42.09%