Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2020. Return on equity has been fair, averaging 11.7% over the past five years. Weak overall results on stability tests (2.4) including weak results on operational trends.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
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 (92.1%), common stock (6.2%), real estate (0.2%), other (1.5%)
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
29858
Website
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