Mutual Matters: What Won’t Change

MagMutual PolicyOwners:

Medicine changes. Risk changes. Technology changes. The healthcare environment facing you today looks different than it did a decade ago, and we know it will look different a decade from now. 

The world around you will continue to change. Our commitment to you will not. 

At MagMutual, our four Precepts guide how we serve healthcare professionals and organizations for decades. They shape the decisions we make, the support we provide and the way we manage your company for the long term.

Our Precepts keep us focused on what matters as the world around us changes and help ensure we stay true to the values that define us. In other words, the market may shift. Precepts do not.

Our Promise Starts with You 

Our first Precept is also the simplest: PolicyOwners first. 

As a mutual company, that principle gives us a clear sense of who we serve and are accountable to. Everything we do is for you, the PolicyOwners. 

We’re persistent on delivering sustainable protection rather than short-term results. This enables us to consistently invest in the tools, expertise and resources that help you manage risk and practice with greater confidence. 

Whatever comes next, our commitment begins in the same place: with you. 

Protection That Keeps Moving Forward 

Putting PolicyOwners first also means we cannot stand still. 

Our second Precept is to deliver the best product to you. That extends well beyond an insurance policy. It includes protection tailored to your risks, advice to help you identify and reduce those risks and a defense strategy ready to stand beside you if a claim occurs. 

More than 50,000 healthcare professionals and organizations are protected by MagMutual today. As their challenges evolve, we remain committed to evolving the ways we protect and support them. 

Working Toward a Better Environment 

Our third Precept calls on us to help improve your practice and business environment by looking upstream at risk and helping PolicyOwners navigate the healthcare and medical liability environment more effectively.

We are here to protect you when you need us. But when our experience and resources can help reduce risk, strengthen the environment you practice in or advance the interests of healthcare professionals and organizations, our responsibility goes further. 

As healthcare shifts, we will continue pursuing new ways to fulfill that responsibility. 

Strength You Can Count On 

Our final Precept is to optimally manage your company. The word “your” gets to the heart of mutuality. 

As a mutual, our responsibility is to manage MagMutual prudently so we can honor our promises for years to come.

That commitment is reflected in our financial strength. MagMutual reported $3.3 billion in assets and $1.2 billion in surplus for 2025, and we maintain an A (Excellent) rating from AM Best. These numbers matter because they support long-term security and help ensure our focus is on protecting you for years to come. 

Change is inevitable. Strong stewardship allows us to endure on that mission and be prepared for whatever comes next. 

Our Promise Prevails 

There is no way to know exactly what healthcare will look like years from now. But we know who we will serve.

Our Precepts keep us anchored to our PolicyOwners while challenging us to push forward on their behalf: put you first, deliver the best product, improve your practice and business environment and manage your company responsibly.

Together, they reflect a simple promise: 

We will continue putting PolicyOwners first, no matter what comes next.

The need for a trusted partner remains constant. Our promise is to remain that partner, focused on you. 

Sincerely,
Bill Kanich, MD, JD

10/26