MEMIC puts safety to work

MEMIC News

Financial Highlights
(in millions of dollars)

 

  2014 2013
Assets
Invested  $927,645  $870,544
Other  $120,151  $104,167
TOTAL ASSETS  $1,047,796  $974,711
Liabilities
Loss and LAE Reserves  $473,317  $436,832
Other  $174,621  $160,996
TOTAL LIABILITIES  $647,938  $597,828
 .             
Policyholders’ Surplus $399,858 $376,883
.
Key Statistics
Dividend $18,431 $16,156
Direct Written Premium $265,692 $230,044
Premium-to-Surplus Ratio, Direct .66:1 .61:1
Premium-to-Surplus Ratio, Net .66:1 .60:1
Number of Policyholders 20,408 19,847
Combined Ratio Before Dividends 97.09% 100.02%
Operating Ratio 89.30% 91.68%