Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.6) with operating losses during 2020 and 2022. Good overall results on stability tests (5.7) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
KY, OH, VA, WV
Principal Investments:
Investment grade bonds (82.4%), cash (6.4%), other (11.2%)
Corporate Info
Group Affiliation
MAG Mutual Holding Co
Investment Rating
--
Company Address
3535 Piedmont Road, NE
Atlanta, GA 30305
Atlanta, GA 30305
Phone Number
(404) 842-5600
NAIC Number
11972
Website
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