B
MMG Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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
10,465
1,933
12,398
15.59%
22.80%
2023
11,253
1,906
13,159
14.48%
22.83%
2022
11,474
1,808
13,282
13.61%
23.10%
2021
10,358
1,534
11,892
12.90%
22.81%
2020
9,846
1,446
11,292
12.81%
21.51%
2019
222
68
290
23.45%
22.66%
Commercial 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
645
343
988
34.72%
47.78%
2023
588
439
1,027
42.75%
47.29%
2022
560
274
834
32.85%
45.44%
2021
505
231
736
31.39%
44.40%
2020
502
207
709
29.20%
42.45%
2019
617
268
885
30.28%
44.33%
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
1,004
709
1,713
41.39%
41.49%
2023
991
748
1,739
43.01%
38.64%
2022
897
616
1,513
40.71%
39.39%
2021
855
593
1,448
40.95%
40.41%
2020
764
1,052
1,816
57.93%
48.09%
2019
876
614
1,490
41.21%
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
1,384
792
2,176
36.40%
39.63%
2023
1,662
1,029
2,691
38.24%
36.96%
2022
1,540
893
2,433
36.70%
37.07%
2021
1,538
914
2,452
37.28%
39.17%
2020
1,764
1,006
2,770
36.32%
35.42%
2019
1,901
1,236
3,137
39.40%
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
4
4
8
50.00%
12.77%
2023
10
13
23
56.52%
16.34%
2022
7
11
18
61.11%
11.13%
2021
5
12
17
70.59%
18.93%
2020
8
11
19
57.89%
20.93%
2019
5
7
12
58.33%
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
1,763
1,118
2,881
38.81%
45.00%
2023
1,840
1,260
3,100
40.65%
44.64%
2022
1,910
993
2,903
34.21%
46.15%
2021
1,904
880
2,784
31.61%
46.87%
2020
1,806
824
2,630
31.33%
43.90%
2019
2,679
1,262
3,941
32.02%
42.09%