C
MMIC Ins Inc
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.00
Risk Adjusted
Capital Ratio #2
0.70
Loss
Ratio
79.89%
Total
Assets
751.00M
Capital
265.26M
Net
Premiums
159.66M
Net
Income
2.01M
My Lists My Alerts
Medical Professional Liability (Claims Made)
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
41
468
509
91.94%
96.06%
2023
81
686
767
89.44%
95.22%
2022
42
550
592
92.91%
96.00%
2021
26
595
621
95.81%
93.58%
2020
17
488
505
96.63%
94.02%
2019
24
388
412
94.17%
94.59%
Medical Professional Liability (Occurrence)
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
17
58
75
77.33%
92.29%
2023
59
259
318
81.45%
92.52%
2022
2
27
29
93.10%
92.14%
2021
1
27
28
96.43%
91.74%
2020
1
23
24
95.83%
93.85%
2019
0
15
15
100.00%
93.92%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
9
11
20
55.00%
81.35%
2023
9
17
26
65.38%
74.87%
2022
23
15
38
39.47%
72.69%
2021
17
19
36
52.78%
79.01%
2020
53
52
105
49.52%
80.13%
2019
24
24
48
50.00%
77.47%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
28
46
74
62.16%
12.20%
2023
31
36
67
53.73%
16.34%
2022
18
45
63
71.43%
11.13%
2021
19
54
73
73.97%
18.93%
2020
17
45
62
72.58%
20.93%
2019
39
48
87
55.17%
16.90%