Mag Mutual Insurance Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Mag Mutual Insurance

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Mag Mutual Insurance Fast Facts

Revenue	Over $500 million    See Exact Annual Revenue
Employees	100 - 500Exact Company Size
Primary Industry	5241 Insurance Carriers
Additional NAICS Codes	52421 Insurance Agencies & Brokers
Address	3535 Piedmont Road Northeast Building 14, Suite 1000 Atlanta, GA 30305

Note: Revenues for privately held companies are statistical evaluations.


Mag Mutual Insurance's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Mag Mutual Insurance's annual revenues are Over $500 million (see exact revenue data)
• What industry is the company in?
  • Mag Mutual Insurance is classified as operating in the Insurance Carriers industry, NAICS Code 5241.

Mag Mutual Insurance Annual Revenue and Growth Rate

Mag Mutual Insurance	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	Over $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Mag Mutual Insurance's revenues are gauged from an analysis of company filings.

Mag Mutual Insurance's Income Statement (based on Industry Averages)

Mag Mutual Insurance P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Investor Activity

Mag Mutual Insurance has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

Date	Investors	Percent Raised	Target Size
May 19, 2021	15	100%	$100 MM
Complete list of funding rounds and total amounts in the Company Report

Trademark Applications

Trademark applications show the products and services that Mag Mutual Insurance is developing and marketing. Mag Mutual Insurance doesn't have any recent trademark applications, indicating Mag Mutual Insurance is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
MMPO DEFENSE Legal services	05/02/2022
ONEMODEL Providing temporary use of on-line non-downloadable software for visualizing insurance coverage, liability and probability of loss through the animation of graphical objects representing losses from healthcare liability claims interacting with other graphical objects representing present and optimal insurance coverage types, deductibles, and coverage limits	04/13/2022
PRISM Providing temporary use of on-line non-downloadable software for visualizing insurance coverage, liability and probability of loss through the animation of graphical objects representing losses from healthcare liability claims interacting with other graphical objects representing present and optimal insurance coverage types, deductibles, and coverage limits	07/26/2019

See all trademarks and details in the Full Report.

Market Share of Mag Mutual Insurance's Largest Competitors

A competitive analysis shows these companies are in the same general field as Mag Mutual Insurance, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
CENTRUM VALLEY HOLDINGS	Clarion, IA	100
ELEVANCE HEALTH	Indianapolis, IN	44
SECURIAN LIFE INSURANCE	Saint Paul, MN	33
ATH HOLDING	Indianapolis, IN	31
HUMANA	Louisville, KY	30
STATE FARM MUTUAL AUTOMOBILE INSURANCE	Bloomington, IL	26
AMALGAMATED LIFE INSURANCE COMPANY EMPLOYEE BENEFIT FUND	White Plains, NY	25
PRUDENTIAL INSURANCE	Newark, NJ	24
AMERICAN INTERNATIONAL GROUP	New York, NY	13

Nearby Competitors

These companies are similar in business line and location to Mag Mutual Insurance. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
DIGITAL INSURANCE LLC.	Atlanta, GA	100
RSUI INDEMNITY	Atlanta, GA	12
MAG MUTUAL INSURANCE	Atlanta, GA	9
MUNICH AMERICAN REASSURANCE	Atlanta, GA	8
BUILDERS INSURANCE GROUP	Atlanta, GA	5
DELTA LIFE INSURANCE	Atlanta, GA	4

Future Competition: Mag Mutual Insurance's Fastest Growing Competitors

These companies are in the same general field as Mag Mutual Insurance and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)