MICA’s Board of Trustees Announces Dividend for 2016

As we begin our 41st year of operation, the MICA Board has declared a policyholder dividend of $26 million payable to qualified members current as of December 31, 2016. Once paid during the first quarter of 2017 will bring the total dividend paid since 2005 to $390 million . . . and a cumulative total of $575 million since 1988.

This is MICA’s twelfth consecutive year of dividends. The 2016 dividend represents approximately 26% of an annual premium. To read more about the dividend, log in and read the latest issue of the MICA Report.