February 2, 2022 by matray

MagMutual Insurance Co. announced today that it will return a 5% dividend to its policy owners this year. According to the company, this payment marks 23 years of dividends and more than $340 million in financial rewards returned to policyholders since inception.

"Despite challenging circumstances, MagMutual has been on an exciting trajectory, with the creation of new products, industry-leading financial results and significant growth," said Neil Morrell, MagMutual CEO. "When we do well, our policy owners benefit. We are pleased to once again deliver consistent returns to them and at the same time significantly improve our overall results."