MYDEFENSE
A newly launched revolutionary, seven-discipline malpractice defense model surrounds PolicyOwners with coordinated support, including attorneys, jury specialists and negotiation strategists, from the moment a claim is reported.
2025 Annual Report
Transforming Medical Liability Insurance for Healthcare Providers
The 2025 Annual Report reflects MagMutual’s financial strength and operational discipline.
Throughout the year, we put PolicyOwners first by advancing how we protect, guide and defend them with precise pricing, personalized advice and a comprehensive defense approach. We focused on practical solutions that help providers manage risk in an increasingly complex environment.
Strong financial performance alongside this progress underscores our commitment to PolicyOwners and to MagMutual’s long‑term stability.
Advancements at a Glance
We redefine how healthcare providers manage risk, strengthen their legal protection and secure their practices—with intelligent tools. From comprehensive support during claims to tailored solutions for complex risks, our medical liability insurance transforms how we support the healthcare providers and organizations we insure.
Performance at a Glance
A (Excellent)
financial rating by A.M. Best
$27.1 M
financial rewards (1, 2)
50,000+
healthcare providers and organizations insured
$3.3 B
total assets (1)
#1 mutual
medical professional liability carrier in the U.S. (3)
0.64:1
premium-to-surplus ratio (1)
1.10:1
reserves-to-surplus ratio (1)
2025 Combined Financials1
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| (DOLLARS IN THOUSANDS) | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Gross Written Premium | $500,863 | $552,607 | $668,907 | $690,977 | $795,106 |
| Net Income before dividends and income tax | $63,097 | $58,150 | $79,945 | $97,827 | $61,905 |
| Total Loss and LAE Reserves | $893,388 | $967,138 | $1,195,679 | $1,312,063 | $1,357,144 |
| Capital and Surplus | $1,120,074 | $1,050,453 | $1,130,421 | $1,214,201 | $1,238,727 |
| Total Admitted Assets | $2,543,997 | $2,606,805 | $2,987,365 | $3,158,282 | $3,272,055 |