MIEC Declares $13M Policyholder Dividend Credit Distribution, with Stable Rating Outlook
Oakland, CA (March 11, 2020) – The MIEC Board of Governors has approved a $13M policyholder dividend credit to be distributed during the 2020 policy year. MIEC financial results have been anchored by strong investment strategy and solid balance sheet, as well as an experienced management team committed to navigating the volatile MPL landscape. The 2020 Dividend Distribution Declaration marks the 15th consecutive year that MIEC will be offsetting policyholder premiums with dividend credits and now in its 45th year of operation has returned more than $442M to policyholders since dividend distributions began. “Our dividend program is just one of...
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