U.S. Non-Life Insurance Ranking 2023

The new Non-Life Insurance rating for 2023 has just been released by RealRate.
By: RealRate Inc.
 
SANTA CLARA, Calif. - Jan. 17, 2024 - PRLog -- RealRate Inc.
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Press Release

U.S. Non-Life Insurance Ranking 2023

The new Non-Life Insurance rating for 2023 has just been released by RealRate.

These are the top three Non-Life Insurance companies in the U.S., measured by Economic Capital Ratio:

1.    ESSENT GROUP – 142%
2.    MGIC INVESTMENT CORP. – 230%
3.    FG FINANCIAL GROUP – 214%

The complete rating of 74 Non-Life Insurance companies is published in https://realrate.ai/rankings/

18 companies achieved the 'Top Rated' award.

Founded in 2008 and based in Bermuda, Essent Group Ltd. operates as a holding company. The Company, through its subsidiaries, provides mortgage insurance and reinsurance coverage products and services on residential property loans for United States real estate. Its current assets are $5.7 billion.

Headquartered in Milwaukee, Wisconsin, and founded in 1957, MGIC Investment Corporation is also a holding company. The Company, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. It has total current assets of $6.2 billion.

FG Financial Group Inc., through its subsidiaries, operates as a diversified insurance, reinsurance, and investment management holding company. The company's segment includes Insurance and Asset Management. It was founded in 2012 and is based in Itasca, Illinois. It has current assets of $49 million.

CEO Dr. Holger Bartel: "The American non-life insurance industry is a robust sector encompassing property and casualty coverage. In recent years, technological advancements and data analytics have reshaped the non-life insurance landscape, fostering innovation in underwriting, claims processing, and risk management strategies. This dynamic industry continues to evolve. With a diverse range of policies, from auto to homeowners' insurance, the industry plays a crucial role in safeguarding individuals and businesses against financial losses from unforeseen events.

A superior financial strength is critical in the Non-Life Insurance industry, making sure full coverage is given from the insurance company to its customers."

About RealRate:
RealRate is an international rating agency based in Santa Clara and Berlin, founded in 2021. Using cutting-edge explainable Artificial Intelligence, we provide fair company ratings, avoiding any conflicts of interest. Combining AI and expert knowledge, financial strength is evaluated based on published annual reports. RealRate provides rankings for dozens of industries, like insurance, IT, real estate, food, and pharma. Only the best-rated companies are awarded the RealRate TOP Rated seal.

Contact
Jamie Young
jamie.young@realrate.ai
+49 160 95790844
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Source:RealRate Inc.
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Tags:Artificial Intelligence
Industry:Insurance
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