$25 Million Dividend to be Distributed in February 2019
At its December meeting, the MICA Board of Trustees declared a $25 million dividend* to be distributed to participating member policyholders in February, 2019.
This dividend is derived from favorable claims development and investment income, and represents approximately 27% of an annual premium for policyholder members with MICA for 36 consecutive months as of December 31, 2018. Those with MICA for a shorter period will receive a proportionate dividend based on their number of months with MICA.
Following the February distribution, MICA, a true mutual company, will have returned $625 million to its member owners since inception with $130 million in the last five years alone.
On behalf of the MICA staff and Board of Trustees, thank you for your support.
James F. Carland, M.D.
Chairman, President & CEO
*The dividend declared for the 2018 policy year reflects the Company’s financial performance. Past performance does not guarantee future dividends.