MMIC Ins Inc
Major Rating Factors:
Fair reserve development (3.9 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 30.1% deficient. Fair long-term capitalization index (4.5) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Good overall profitability index (5.0) with operating gains in each of the last five years. Return on equity has been low, averaging 4.9% over the past five years.
Other Rating Factors:
Good overall results on stability tests (5.1) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.2% of capital. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (96.6%), other (3.4%)
Licensed in:
All states except CA, FL, NY
Principal Investments:
Investment grade bonds (62.6%), common stock (25.5%), cash (5.0%), non investment grade bonds (1.1%), preferred stock (0.2%), other (5.6%)
Corporate Info
Group Affiliation
Curi Holdings Inc
Investment Rating
--
Company Address
7650 Edinborough Way
Minneapolis, MN 55435
Minneapolis, MN 55435
Phone Number
(800) 328-5532
NAIC Number
16942
Website
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