Company continues unprecedented dividend string
The Medical Mutual Board of Directors met on December 19, 2024 to review the Company's financial performance for the year and for the 18th time in the last 19 years saw fit to declare a dividend. The $5 million dividend for 2025 represents approximately 14.1 percent of eligible primary premiums and, as usual, will be distributed as premium credits to eligible policyholders.
In an industry known for its cyclical nature, the strong financial results that enabled the dividend continue an unprecedented run of high performance that began in 2007. Medical Mutual President and CEO Shawn Anderson, MSB, gave credit to the Company's policyholders for the exceptional care they provide their patients, as well as their adherence to robust risk management practices as primary factors that made the dividend possible. He also cited a strategic rebalancing of the Company's conservative investment portfolio to maintain its target equity allocation as a second contributing factor. And finally, he noted a considerable year-end reduction in claims reserves that further enhanced the Company's financial position.
The dividend will be paid to all policyholders of record on December 31, 2023 and who maintain their insurance with the Company through April 1 of this year. Anderson said policyholders will receive a letter in late February detailing the exact credit they can expect to receive.