Major Rating Factors:
Fair profitability index (3.0 on a scale of 0 to 10) with operating losses during 2020. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Ample reserve history (8.4) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent liquidity (8.5) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Other (100%)
Licensed in:
All states and GU, PR
Principal Investments:
Investment grade bonds (90.8%), common stock (7.4%), real estate (0.2%), other (1.6%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
MGIC Investment Corporation
Investment Rating
Company Address
250 East Kilbourn Avenue
Milwaukee, WI 53202
Milwaukee, WI 53202
Phone Number
(800) 558-9900
NAIC Number
29858
Website
Largest Affiliates