With MEMIC, Safety Pays Dividends

The annual dividend is based on MEMIC’s financial performance, claims experience, and the collective success of policyholders in maintaining safe workplaces during the 2022 calendar year. The $19 million distribution represents an 11.5% return of premiums paid by eligible policyholders and will be distributed in November.

Calculate Your 2025 Dividend

To be eligible for a MEMIC dividend, you must have had a full-term policy in 2022 and be a current MEMIC policyholder at the time of distribution.

Over 30 Years of Making a Difference

Founded in 1993 to stabilize Maine’s workers’ comp system, MEMIC has grown into a nationally recognized mutual insurer serving over 21,000 employers and 1 million workers.

Mutual Success

As a mutual company, MEMIC returns profits to policyholders—not shareholders. Since 1998, we’ve returned over $389 million in dividends to Maine employers thanks to shared efforts in safety and injury prevention. It's also worth noting that Maine, once the most expensive state for workers’ compensation insurance, has seen a remarkable 57% decrease in workplace injuries and a 75% reduction in insurance costs, reflecting the impact of collective hard work.

➡️ Read MEMIC's 2025 Dividend Announcement Here