Annual Reports

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

Financial Highlights (in thousands of dollars)

2018 2017
Assets
Invested $1,229,130 $1,172,544
Other 172,127 154,480
TOTAL ASSETS $1,401,257 $1,330,024
Liabilities
Loss and LAE Reserves $726,618 $653,149
Other 250,909 237,878
TOTAL LIABILITIES $977,527 $891,027
.
Policyholders’ Surplus $423,730 $438,997
.
Key Statistics
Dividend $27,872 $25,163
Direct Written Premium $402,706 $381,799
Premium-to-Surplus Ratio, Direct .95:1 .87:1
Premium-to-Surplus Ratio, Net .95:1 .85:1
Number of Policyholders 21,196 20,924
Direct Combined Ratio Before Dividends 108.09% 96.94%
Net Operating Ratio 95.72% 96.46%
Change in Asset Base Year over Year $71,233 $100,235

 

2018 MEMIC Financials

Past Annual Reports

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