AM Best Rating Services


Rating Review Form
002854-MGA Insurance Company, Inc.

Best's Credit Rating Effective Date
Best's Rating Review Date
November 14, 2025
June 02, 2026
MGA Insurance Company, Inc.
AMB #:002854
Ultimate Parent: AMB # 2479 - State Farm Mutual Automobile Ins Co
Best's Credit Ratings
Financial Strength Rating
Issuer Credit Rating
(FSR)
(ICR)
A-
a-
Excellent
Excellent
Outlook: Stable
Outlook: Stable
Action: Affirmed
Action: Affirmed
Rating Review Summary:
as a result of the Best's Rating Review, AM Best's opinion of the Financial Strength Rating and Issuer Credit Rating remains unchanged from the prior rating event.
Balance Sheet Strength:
as a result of the Best's Rating Review, AM Best's opinion of the Balance Sheet Strength Assessment of Strong remains unchanged.
Operating Performance:
as a result of the Best's Rating Review, AM Best's opinion of the Operating Performance Assessment of Marginal remains unchanged.
Business Profile:
as a result of the Best's Rating Review, AM Best's opinion of the Business Profile Assessment of Limited remains unchanged.
Enterprise Risk Management:
as a result of the Best's Rating Review, AM Best's opinion of the Enterprise Risk Management Assessment of Appropriate remains unchanged.
Lift/Drag:
as a result of the Best's Rating Review, AM Best's opinion of the impact of the non-insurance parent company and/or non-affiliate entities remains unchanged.
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