C
MEMIC Indemnity Co
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.90
Risk Adjusted
Capital Ratio #2
1.50
Loss
Ratio
68.12%
Total
Assets
670.20M
Capital
197.01M
Net
Premiums
182.56M
Net
Income
-2.55M
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Weiss Ratings MEMIC Indemnity Co
Portland, ME 		Click to
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Rating C
Capitalization Index 7.60
Investment Safety Index --
Liquidity Index 7.30
Profitability Index 5.50
Reserve Adequacy Index 9.50
Stability Index 7.70
Company Info MEMIC Indemnity Co
Portland, ME 		Click to
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Industry P&C
NAIC Number 11030
Phone Number (207) 791-3300
Website www.memic.com
Address 261 Commercial Street Portland, ME 04101
Balance Sheet MEMIC Indemnity Co
Portland, ME 		Click to
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Total Assets 670.20M
Capital and Reserves MEMIC Indemnity Co
Portland, ME 		Click to
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Risk-Adjusted Capital Ratio #1 1.90
Risk-Adjusted Capital Ratio #2 1.50
1-Year Reserve Development -2,010.00%
2-Year Reserve Development -3,340.00%
Capital 197.01M
Premium to Surplus 90.00%
Reserves to Surplus 160.00%
Investments MEMIC Indemnity Co
Portland, ME 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios MEMIC Indemnity Co
Portland, ME 		Click to
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Medical Loss Ratio --
Cash From Underwriting 100.00%
Combined Ratio 100.00%
Expense Ratio 30.00%
Loss Ratio 68.12%
Net Premium Growth 10.00%
Other Medical MEMIC Indemnity Co
Portland, ME 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability MEMIC Indemnity Co
Portland, ME 		Click to
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Net Income -2.55M
Net Premium 182.56M
Health Premium --