Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 7.4% of capital. Fair profitability index (3.9) with small operating losses during 2022. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. 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.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
DC
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
MAG Mutual Holding Co
Investment Rating
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Company Address
135 Allen Brook Lane
Williston, VT 05495
Williston, VT 05495
Phone Number
(615) 982-5137
NAIC Number
16444
Website
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Largest Affiliates