B
MIC P&C Ins Corp
DetroitMI
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
--
Total
Assets
Capital
Net
Premiums
Net
Income
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
4,516
0
4,516
0.00%
81.20%
2023
6,320
0
6,320
0.00%
74.87%
2022
6,578
0
6,578
0.00%
72.69%
2021
6,128
0
6,128
0.00%
79.01%
2020
3,782
0
3,782
0.00%
80.13%
2019
3,987
518
4,505
11.50%
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
9,944
6,267
16,211
38.66%
12.77%
2023
6,397
5,167
11,564
44.68%
16.34%
2022
3,400
3,657
7,057
51.82%
11.13%
2021
5,225
4,601
9,826
46.82%
18.93%
2020
7,885
28
7,913
0.35%
20.93%
2019
8,748
67
8,815
0.76%
16.90%
Warranty
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
242,099
0
242,099
0.00%
3.78%
2023
235,765
0
235,765
0.00%
4.57%
2022
232,017
0
232,017
0.00%
4.29%
2021
242,257
0
242,257
0.00%
5.64%
2020
260,812
0
260,812
0.00%
5.60%
2019
292,714
0
292,714
0.00%
6.35%