MGA INSURANCE COMPANY INC

Company Details

License Status:
Active
NAIC Number:
40150
Phone Number:
9726294301
Company Address:

Post Office Box 869153
Plano, TX 75086

Description:
Property and Casualty
License Number:
B423348
Date Admitted:

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 0.2% $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 $2,892,302 110.45%
2023 Private Passenger Auto Medical Payments 0.06% $49,330 $46,831 $116,006 $177,336 378.67%
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%
2023 Private Passenger Auto Comprehensive 0.05% $555,194 $577,244 $424,069 $375,223 65%
2023 Private Passenger Auto Collision 0.1% $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 85.8%
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 $402,382 106.97%
2022 Private Passenger Underinsured Motorists 0.03% $27,071 $19,652 $0 $0 0%
2022 Private Passenger Auto Comprehensive 0.05% $421,588 $350,385 $180,352 $247,365 70.6%
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 1,985.08%
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%
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 $144,140 113.11%

Complaint Index

Link to Consumer Complaint Index Page
Year Line Market Share Number of Complaints Complaint Index
2025 Private Passenger Auto 0.09% 7 348
2024 Private Passenger Auto 0.11% 7 355
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

This company does not have any company changes.

Market Regulation Actions

This company does not have any market regulation actions.

Financial Exams

This company does not have any financial exams.