ANOTHER RECORD POLICYHOLDER DIVIDEND
We've got some exciting news to share and we want you, our valued agency partners, to be first to hear it. Last Friday, September 29, The MEMIC board of directors authorized another record dividend of $21 million for our policyholders in Maine. This decision was based on lower than expected losses on policies issued in 2014. After this year's return, we will have given back more than $241 million in capital contribution and dividend returns since 1998.
Our successful history of dividend payouts is possible because of our mutual mission to help policyholders first and foremost, reduce workplace injuries, and secondly, return injured workers back to work as soon as possible. Thank you for recommending MEMIC to your customers and staying committed to our mission to make workplaces safer, in Maine and beyond.
We'll be sharing more news with you about the dividend as we prepare the checks for a November mailing. Read the full release now that will be distributed to media outlets later today.
If you have any questions, please contact your underwriter.