MGT Ins Co
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 (3.9) with operating losses during 2023, 2024 and the first three months of 2025. Return on equity has been low, averaging 0.3% over the past five years. Fair overall results on stability tests (3.4) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (98.7%), personal/comm auto (1.3%)
Licensed in:
All states except FL, HI
Principal Investments:
Investment grade bonds (46.4%), common stock (31.1%), cash (4.2%), other (18.3%)
Ratios
Premium to Surplus
Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
Corporate Info
Group Affiliation
MGT Partners Inc
Investment Rating
--
Company Address
5445 DTC Parkway
Greenwood Village, CO 80111
Greenwood Village, CO 80111
Phone Number
(303) 351-2691
NAIC Number
16203
Website
Largest Affiliates