MLMIC Receives Top Financial Strength Rating from AM Best

On Jan. 29, 2025, AM Best affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of MLMIC Insurance Company. The outlook of these credit ratings is stable.

“The ratings reflect MLMIC’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management,” reads the press release from AM Best. “The ratings benefit from the financial support provided by MLMIC’s direct parent company, National Indemnity Company (NICO), which is ultimately owned by Berkshire Hathaway Inc.”

To access the full press release from AM Best about MLMIC, please look here.

“We take great pride in our A+ rating as we strive to continuously deliver an unparalleled level of defense, service and advocacy for our healthcare professionals and facilities, valued policyholders who we proudly represent throughout the year, as well as our financial strength and security as a Berkshire Hathaway company,” says Michael Schoppmann, chief executive officer of MLMIC.

MLMIC is the leading writer of dental professional liability insurance in New York based on direct premium written. It has operated successfully in New York since 1975 and today insures over 22,000 policyholders in the state.

For additional information about MLMIC, look here. For additional information about Best’s Credit ratings, please visit www.ambest.com.