Major Rating Factors:
Good overall profitability index (6.7 on a scale of 0 to 10). Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.3) as the level of reserves has at times been insufficient to cover claims. In 2023 and 2024 the two year reserve development was 17.6% and 23.4% deficient respectively.
Other Rating Factors:
Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.6). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital.
Stability Factors:
F - Negative cash flow.
Principal Lines of Business:
Med mal (96.5%), work comp (1.8%), other (1.7%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (69.9%), common stock (18.9%), cash (0.6%), non investment grade bonds (0.5%), other (10.1%)
Corporate Info
Group Affiliation
MAG Mutual Holding Co
Investment Rating
--
Company Address
3550 Peachtree Rd NE
Atlanta, GA 30326
Atlanta, GA 30326
Phone Number
(404) 842-5600
NAIC Number
42617
Website
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