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MEMIC puts safety to work

MEMIC News

Financial Highlights
(in thousands of dollars)

 

  2015 2014
Assets
Invested  $990,695  $927,645
Other  $139,885  $120,151
TOTAL ASSETS  $1,130,580  $1,047,796
Liabilities
Loss and LAE Reserves  $532,960   $473,317
Other  $204,261  $174,621
TOTAL LIABILITIES  $737,221  $647,938
 .             
Policyholders’ Surplus $393,359 $399,858
.
Key Statistics
Dividend $19,188 $18,431
Direct Written Premium $308,967 $265,692
Premium-to-Surplus Ratio, Direct .79:1 .66:1
Premium-to-Surplus Ratio, Net .77:1 .66:1
Number of Policyholders 20,598 20,408
Direct Combined Ratio Before Dividends 95.23% 90.24% 
Net Combined Ratio Before Dividends 98.34% 97.09%
Operating Ratio 93.81% 89.30%