AM Best Assigns Credit Ratings to MACM Risk Retention Group, Inc. and Affirms Credit Ratings of Medical Assurance Company of Mississippi

AM Best Assigns Credit Ratings to MACM Risk Retention Group, Inc. and Affirms Credit Ratings of Medical Assurance Company of Mississippi

AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) to MACM Risk Retention Group, Inc. (MACM RRG) (District of Columbia). The outlook assigned to these Credit Ratings (ratings) is stable. Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Medical Assurance Company of Mississippi (MACM) (Ridgeland, MS). The outlook of these ratings is stable. These companies comprise MACM Group.

The ratings reflect MACM Group’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM).

MACM Group’s balance sheet strength assessment of strongest is driven by the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), stable surplus levels despite sizable unrealized losses at year-end 2022, and a conservative investment portfolio. The group’s operating performance remains strong, driven by solid net investment income, which more than offsets some volatility in underwriting results, for strong pre-tax and net earnings in each of the past five years.