MGA Insurance Company, Inc.

BestLink

AMB #: 002854 NAIC #: 40150 FEIN #: 751767545

Mailing Address
Post Office Box 199023
Dallas, Texas 75219-9023

United States

Web: www.gainsco.com

Phone: 972-629-4301

Fax: 972-629-4401

View Additional Address Information

Administrative Office
3333 Lee Parkway Suite 1200
Dallas, Texas 75219
United States

Domiciliary Address
3333 Lee Parkway Suite 1200
Dallas, Texas 75219
United States

Assigned to insurance companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations.

View additional news, reports and products for this company.

Based on AM Best's analysis, 002479 - State Farm Mutual Automobile Ins Co is the AMB Ultimate Parent and identifies the topmost entity of the corporate structure. View a list of operating insurance entities in this structure.

Best's Credit Ratings

Financial Strength View Definition

Rating (Rating Category):	A- (Excellent)
Outlook (or Implication):	Negative
Action:	Affirmed
Effective Date:	October 18, 2024
Initial Rating Date:	June 30, 1984

Long-Term Issuer Credit View Definition

Rating (Rating Category):	a- (Excellent)
Outlook (or Implication):	Negative
Action:	Affirmed
Effective Date:	October 18, 2024
Initial Rating Date:	October 12, 2005

Financial Size Category View Definition

Financial Size Category:

VIII (USD 100 Million to Less than 250 Million)

u Denotes Under Review Best's Rating

Best's Credit Rating Analyst

Rating Office: A.M. Best Rating Services, Inc.

Senior Financial Analyst: Scott Foley

Director: Alan Murray

Note: See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event.

Disclosure Information

Disclosure Information Form
View AM Best's Rating Disclosure Form

Press Release
AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Core Subsidiaries
October 18, 2024

Rating History

A.M. Best has provided ratings & analysis on this company since 1984.

Financial Strength Rating

Effective Date	Rating
October 18, 2024	A-
September 22, 2023	A-
September 09, 2022	A-
August 13, 2021	A-
March 03, 2021	A-
September 18, 2020	B++u
June 24, 2020	B++

Long-Term Issuer Credit Rating

Effective Date	Rating
October 18, 2024	a-
September 22, 2023	a-
September 09, 2022	a-
August 13, 2021	a-
March 03, 2021	a-
September 18, 2020	bbb u
June 24, 2020	bbb

Best's Credit & Financial Reports

Best's Credit Report - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s).

Best's Credit Report - Archive - reports which were released prior to the current Best's Credit Report.

Best's Financial Report - financial data included in Best's Financial Report reflects the most current data available to AM Best, including updated financial exhibits and additional company information, and is available to subscribers of Best's Insurance Reports.

Best's Financial Report - Archive - reports which were released prior to the current Best's Financial Report.

View additional news, reports and products for this company.

Press Releases

Date	Title


Oct 18, 2024	AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Core Subsidiaries
Sep 22, 2023	AM Best Revises Outlooks to Negative for State Farm Mutual Automobile Insurance Company and Certain Subsidiaries
Sep 09, 2022	AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Its Subsidiaries
Aug 13, 2021	AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Most of Its Subsidiaries
Mar 03, 2021	AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of MGA Insurance Company, Inc.
Sep 18, 2020	AM Best Places Credit Ratings of MGA Insurance Company, Inc. Under Review With Positive Implications
Jun 24, 2020	AM Best Revises Outlook to Positive for Issuer Credit Rating of MGA Insurance Company, Inc.
May 24, 2017	A.M. Best Revises Issuer Credit Rating Outlook to Stable for MGA Insurance Company, Inc.
May 13, 2015	A.M. Best Revises Outlook to Positive for Issuer Credit Rating of MGA Insurance Company, Inc.
Apr 29, 2014	A.M. Best Upgrades Ratings of MGA Insurance Company, Inc.

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