February 14, 2025 by matray

MagMutual Insurance Co. announced a 2.5% dividend return to its policy owners for this year.

With this latest declaration, MagMutual now has awarded 26 years of dividends throughout its company history. During that time, the company has returned $468 million in financial rewards to policyholders since inception, including $167 million paid over the past five years.

“Our impressive record of continuously paying dividends year-over-year is one of the many ways we put our policyholders first,” said William S. Kanich, MD, JD, executive chairperson of MagMutual. “This year marks our 18th consecutive year of dividends and 26th year overall. I’m proud that MagMutual continues to return dividends to the healthcare providers who trust us to protect them.”

”MagMutual demonstrates a high rate of financial strength and growth in our industry. This strength has allowed us to dependably declare dividends for the past 18 years,” said Neil Morrell, chief executive officer of MagMutual. “Our record of supporting policyholders with innovative insurance solutions, risk management services and financial rewards continues to be unmatched.”