MMG Ins Co
Major Rating Factors:
Strong long-term capitalization index (8.7 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.1). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2023. Return on equity has been low, averaging 1.9% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (41.6%), comm multi (31.2%), homeowners (20.9%), farmowners (1.3%), fire (0.6%), other (4.4%)
Licensed in:
MA, ME, NH, PA, VA, VT
Principal Investments:
Investment grade bonds (64.6%), common stock (16.3%), cash (6.5%), real estate (3.1%), other (9.5%)
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
Largest Affiliates
No affiliate information available.