Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including weak financial strength of affiliated MGIC Investment Corp and weak results on operational trends. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent profitability (7.9) with operating gains in each of the last five years. Excellent expense controls. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (95.4%), cash (0.4%), other (4.3%)
Corporate Info
Group Affiliation
MGIC Investment Corp
Investment Rating
Company Address
250 EAST KILBOURN AVENUE
MILWAUKEE, WI 53202
MILWAUKEE, WI 53202
Phone Number
(800) 558-9900x2646
NAIC Number
18740
Website
Largest Affiliates
