Board approves $4.5 million Dividend
In a letter to member-policyholders dated February 28, 2024, Shawn Anderson, Medical Mutual's President and CEO, announced that the Company’s Board had voted to declare a $4.5 million dividend for 2023. It is the 17th dividend in the past 18 years, not including a special mid-year dividend in 2020.
Anderson noted that these declarations reflect the Company's founding philosophy of returning to policyholders funds collected via premiums in excess of what is deemed necessary to cover claims and the cost of doing business.
The extended string of dividends tracks closely with a significant moderation in claims experience over the past 18 years. And that moderation, Anderson said, "clearly reflects the outstanding quality of care our member-policy holders are delivering to the citizens of their communities."
