B
MAG Mutual Ins Co
Atlanta,  GA
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.00
Risk Adjusted
Capital Ratio #2
1.20
Loss
Ratio
80.55%
Total
Assets
2.89B
Capital
1.07B
Net
Premiums
524.73M
Net
Income
39.17M
My Lists My Alerts
Commercial Multiple Peril
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
0
0
0
0.00%
41.49%
2023
10
8
18
44.44%
38.64%
2022
13
16
29
55.17%
39.39%
2021
25
26
51
50.98%
40.41%
2020
74
43
117
36.75%
48.09%
2019
43
19
62
30.65%
43.30%
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
364
470
834
56.35%
96.35%
2023
23
832
855
97.31%
95.21%
2022
16
747
763
97.90%
96.00%
2021
18
1,049
1,067
98.31%
93.58%
2020
628
2
630
0.32%
94.02%
2019
36
716
752
95.21%
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
1
1
2
50.00%
92.34%
2023
0
0
0
0.00%
92.52%
2022
0
0
0
0.00%
92.14%
2021
0
1
1
100.00%
91.74%
2020
0
0
0
0.00%
93.85%
2019
0
0
0
0.00%
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
75
10
85
11.76%
81.20%
2023
0
27
27
100.00%
74.87%
2022
1
5
6
83.33%
72.69%
2021
2
11
13
84.62%
79.01%
2020
2
0
2
0.00%
80.13%
2019
2
12
14
85.71%
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
1
2
3
66.67%
12.77%
2023
0
0
0
0.00%
16.34%
2022
0
1
1
100.00%
11.13%
2021
1
5
6
83.33%
18.93%
2020
2
46
48
95.83%
20.93%
2019
0
3
3
100.00%
16.90%
Workers' Compensation
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
388
269
657
40.94%
35.29%
2023
397
219
616
35.55%
35.67%
2022
370
439
809
54.26%
37.14%
2021
330
645
975
66.15%
35.46%
2020
335
816
1,151
70.89%
33.86%
2019
433
539
972
55.45%
34.01%