MMG Ins Co
Major Rating Factors:
Good liquidity (5.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.0) as reserves have generally been sufficient to cover claims. In 2025 the two year reserve development was 16.0% deficient. Fair profitability index (4.5) with operating losses during 2023.
Other Rating Factors:
Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.1). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (39.8%), comm multi (33.1%), homeowners (21.1%), farmowners (1.3%), fire (0.6%), other (4.2%)
Licensed in:
MA, ME, NH, PA, VA, VT
Principal Investments:
Investment grade bonds (74.6%), common stock (18.6%), real estate (3.0%), other (3.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
44 Maysville Road
Presque Isle, ME 04769
Presque Isle, ME 04769
Phone Number
(207) 764-6611
NAIC Number
15997
Website
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