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Company Details
MAG MUTUAL INSURANCE COMPANY License Status :
Active
NAIC Number :
42617
Phone Number:
4048425600
Company Address:
3535 PIEDMONT RD, BUILDING 14, SUITE 1000
ATLANTA, GA 30305-1518
Description:
Property and Casualty
License Number:
B431586
Date Admitted:
2017-02-28
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 | 0.01% | $1,982,596 | $1,716,575 | $56,187 | $534,086 | 31.11 % |
| 2023 | Total Medical Malpractice | 1.28% | $1,956,982 | $1,697,159 | $0 | $574,079 | 33.83 % |
| 2023 | Medical Malpractice - Physicians & Surgeons | 2.44% | $1,956,982 | $1,697,159 | $0 | $574,079 | 33.83 % |
| 2023 | Direct Workers Compensation | 0.00% | $25,614 | $19,416 | $56,187 | $-39,993 | -205.98 % |
| 2022 | Total Property & Casualty | 0.01% | $1,407,997 | $1,514,694 | $876,356 | $338,388 | 22.34 % |
| 2022 | Total Medical Malpractice | 1.16% | $1,586,391 | $1,376,743 | $750,000 | $173,140 | 12.58 % |
| 2022 | Medical Malpractice - Physicians & Surgeons | 2.16% | $1,586,391 | $1,376,743 | $750,000 | $173,140 | 12.58 % |
| 2022 | Direct Workers Compensation | -0.02% | $-178,394 | $137,951 | $126,356 | $168,584 | N/A |
| 2022 | Other Liability - Warranty | 0.00% | $0 | $0 | $0 | $-3,336 | N/A |
| 2021 | Total Property & Casualty | 0.02% | $2,127,748 | $1,851,673 | $21,685 | $487,770 | 26.34 % |
| 2021 | Total Medical Malpractice | 1.12% | $1,478,684 | $1,505,613 | $0 | $412,132 | 27.37 % |
| 2021 | Medical Malpractice - Physicians & Surgeons | 1.98% | $1,478,684 | $1,505,613 | $0 | $412,132 | 27.37 % |
| 2021 | Direct Workers Compensation | 0.07% | $649,064 | $346,060 | $18,349 | $72,302 | 20.89 % |
| 2021 | Other Liability - Warranty | 0.00% | $0 | $0 | $3,336 | $3,336 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
This company does not have any complaint information.
Link to Complaint Index PageCompany Changes
Effective Date: 02/28/2017
Comments: Effective 2/28/17 this company was admitted as a Property and Casualty insurer.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.