Michigan Ins Co
Major Rating Factors:
Good overall results on stability tests (5.9 on a scale of 0 to 10) despite. The largest net exposure for one risk is high at 3.6% of capital. Strong long-term capitalization index (9.8) 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.
Other Rating Factors:
Excellent profitability index (7.2) with small operating losses during 2022. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (38.2%), comm multi (32.3%), work comp (12.9%), homeowners (9.6%), fire (0.2%), other (6.7%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (93.8%), cash (4.1%), non investment grade bonds (0.9%), other (1.3%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
1700 East Beltline NE
Grand Rapids, MI 49525
Grand Rapids, MI 49525
Phone Number
(888) 606-6426
NAIC Number
10857
Website
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