AM Best Reaffirms A (Excellent) Financial Strength Rating for Mutual Insurance Company of Arizona

September 11, 2025 by matray

Mutual Insurance Company of Arizona (MICA) announced today that AM Best has affirmed the company's Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of a+ (Excellent). The outlook for both ratings is stable. MICA Risk Retention Group Inc. also received a Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of a+ (Excellent), both with a stable outlook.

“AM Best’s affirmation of MICA’s A (Excellent) rating is a testament to our unwavering commitment to operational effectiveness and the trust we have built with our member-policyholders,” said Edward G. Marley, president and CEO of MICA. “MICA has remained exclusively dedicated to medical professional liability protection for nearly five decades as a physician-founded, member-owned company grounded in financial strength and stability. As we approach our 50th anniversary in 2026, this recognition underscores our enduring promise to protect, support, and defend the practice of medicine for generations of physicians.”

The Best’s Credit Report recognizes MICA's strong financial position and a consistent record of policyholder dividends, along with operating results that exceed industry benchmarks. The rating also acknowledges MICA's position as Arizona's leading medical malpractice insurer and the second largest physician writer in Utah, with strong policyholder retention.