MMIC Ins Inc
Major Rating Factors:
Good long-term capitalization index (5.4 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (3.7) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 30.1% deficient. Fair profitability index (2.9) with operating losses during 2025.
Other Rating Factors:
Fair overall results on stability tests (4.1) including weak results on operational trends and fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.8% of capital. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (97.0%), other (3.0%)
Licensed in:
All states except CA, FL, MA, NY
Principal Investments:
Investment grade bonds (54.9%), common stock (27.1%), cash (4.4%), non investment grade bonds (1.7%), other (12.0%)
Corporate Info
Group Affiliation
Curi Holdings Inc
Investment Rating
--
Company Address
7650 Edinborough Way
Minneapolis, MN 55435
Minneapolis, MN 55435
Phone Number
(800) 328-5532
NAIC Number
16942
Website
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