Strong & Stable Financials

Protection built on a solid financial foundation

MIEC has always put its doctors first. From leadership to operating on a not-for-profit basis and delivering dividends. Our success and ability to keep our members protected relies on a solid financial foundation. As the West’s first physician-owned professional liability insurer, we’ve worked tirelessly since 1975 to provide our policyholders with safety and security through our financial resources. Our business practices and leadership have allowed us to maintain strong financial resources now, and for years to come—and to keep profits where they belong—with our members!

Financial Ratings:

= A – (Excellent) A.M. Best Company

Financial Highlights:

View our 2023 5-year consolidated financial report

^$429million

Net Admitted Assets

^$209million

Money in Surplus

^$53million

Direct Written Premium

^$3.2million

2023 Distributed Dividend

Net Admitted Assets

$ 429,125,128

Loss Reserves

$ 168,366,363

Direct Written Premium

$ 53,576,223

Net Written Premium

$ 47,945,605

Policyholder Surplus

$ 209,613,791

0.26:1

Direct Written Premium to Surplus Ratio

0.78:1

Reserves to Surplus Ratio

0.06:1

Declared Dividend to Written Premium Ratio