Annual Reports

Every year, MEMIC provides an annual report of its financials to our policyholders and general public.

2017 Annual Report Cover



Financial Highlights (in thousands of dollars)

  2017  2016
Assets  
Invested $1,172,544  $1,078,070
Other 154,480  151,719
TOTAL ASSETS $1,330,024  $1,229,789
 
 
Liabilities  
Loss and LAE Reserves $653,149  $590,913
Other 237,878  223,861
TOTAL LIABILITIES $891,027  $814,774
 .    
Policyholders’ Surplus $438,997  $415,015
.  
Key Statistics  
Dividend  $25,163 $22,389
Direct Written Premium $381,799  $343,056
Premium-to-Surplus Ratio, Direct .87:1  .83:1
Premium-to-Surplus Ratio, Net .85:1  .81:1
Number of Policyholders 20,924  20,755
Direct Combined Ratio Before Dividends 96.94%  95.53%
Net Operating Ratio 96.46%  94.26%
     
Change in Asset Base Year over Year $100,235  $99,209 

 

2017 MEMIC Financials

Past Annual Reports

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