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Company Details
MGA INSURANCE COMPANY INC License Status :
Active
NAIC Number :
40150
Phone Number:
9726294301
Company Address:
Post Office Box 199023
Dallas, TX 75219-9023
Description:
Property and Casualty
License Number:
B423348
Date Admitted:
1988-06-06
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Property & Casualty | 0.05% | $8,038,980 | $8,104,264 | $5,354,025 | $6,566,060 | 81.02 % |
| 2023 | Total Private Passenger Automobile | 0.15% | $8,038,980 | $8,104,264 | $5,354,025 | $6,566,060 | 81.02 % |
| 2023 | Private Passenger Auto Liability Bodily Injury | 0.20% | $2,642,473 | $2,695,652 | $1,100,134 | $1,553,708 | 57.64 % |
| 2023 | Private Passenger Auto Liability Property Damage | 0.26% | $2,625,659 | $2,618,747 | $2,201,603 | $2,892,302 | N/A |
| 2023 | Private Passenger Auto Medical Payments | 0.06% | $49,330 | $46,831 | $116,006 | $177,336 | N/A |
| 2023 | Private Passenger Uninsured Motorists | 0.23% | $643,265 | $634,869 | $359,511 | $483,398 | 76.14 % |
| 2023 | Private Passenger Underinsured Motorists | 0.04% | $40,422 | $41,562 | $0 | $0 | 0.00 % |
| 2023 | Private Passenger Auto Comprehensive | 0.05% | $555,194 | $577,244 | $424,069 | $375,223 | 65.00 % |
| 2023 | Private Passenger Auto Collision | 0.10% | $1,482,637 | $1,489,359 | $1,152,702 | $1,084,093 | 72.79 % |
| 2022 | Total Property & Casualty | 0.04% | $5,930,314 | $4,942,256 | $2,647,335 | $4,289,186 | 86.79 % |
| 2022 | Total Private Passenger Automobile | 0.13% | $5,930,314 | $4,942,256 | $2,647,335 | $4,289,186 | 86.79 % |
| 2022 | Private Passenger Auto Liability Bodily Injury | 0.17% | $2,023,466 | $1,691,441 | $567,236 | $1,451,238 | 85.80 % |
| 2022 | Private Passenger Auto Liability Property Damage | 0.23% | $1,950,963 | $1,626,576 | $1,129,470 | $1,545,768 | 95.03 % |
| 2022 | Private Passenger Auto Medical Payments | 0.04% | $32,075 | $28,276 | $18,342 | $-65,058 | -230.08 % |
| 2022 | Private Passenger Uninsured Motorists | 0.18% | $451,698 | $376,177 | $133,182 | $402,382 | N/A |
| 2022 | Private Passenger Underinsured Motorists | 0.03% | $27,071 | $19,652 | $0 | $0 | 0.00 % |
| 2022 | Private Passenger Auto Comprehensive | 0.05% | $421,588 | $350,385 | $180,352 | $247,365 | 70.60 % |
| 2022 | Private Passenger Auto Collision | 0.08% | $1,023,453 | $849,749 | $618,753 | $707,491 | 83.26 % |
| 2021 | Total Property & Casualty | 0.01% | $1,780,702 | $745,461 | $172,693 | $625,521 | 83.91 % |
| 2021 | Total Private Passenger Automobile | 0.04% | $1,780,702 | $745,461 | $172,693 | $625,521 | 83.91 % |
| 2021 | Private Passenger Auto Liability Bodily Injury | 0.05% | $610,636 | $254,875 | $104,000 | $228,000 | 89.46 % |
| 2021 | Private Passenger Auto Liability Property Damage | 0.07% | $584,217 | $246,725 | $33,893 | $92,233 | 37.38 % |
| 2021 | Private Passenger Auto Medical Payments | 0.01% | $11,621 | $4,559 | $0 | $90,500 | N/A |
| 2021 | Private Passenger Uninsured Motorists | 0.06% | $136,844 | $57,260 | $12,000 | $24,000 | 41.91 % |
| 2021 | Private Passenger Underinsured Motorists | 0.01% | $5,194 | $2,242 | $0 | $0 | 0.00 % |
| 2021 | Private Passenger Auto Comprehensive | 0.01% | $125,384 | $52,362 | $4,800 | $46,648 | 89.09 % |
| 2021 | Private Passenger Auto Collision | 0.03% | $306,806 | $127,438 | $18,000 | $144,140 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2023 | Private Passenger Auto | 0.11% | 3 | 161 |
| 2022 | Private Passenger Auto | 0.06% | 1 | 115 |
| 2021 | Private Passenger Auto | 0.01% | 0 | 0 |
Company Changes
No recent changes
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.