January 7, 2026 by matray

Mutual Insurance Co. of Arizona (MICA) announced that its Board of Trustees has declared a $16 million policyholder dividend.

The dividend will be allocated among participating policyholders who were current members as of Dec. 31, 2025. MICA said the distribution reflects the company’s strong financial position, supported by an AM Best financial strength rating of A (Excellent) and an a+ (Excellent) long-term issuer credit rating, both with a stable outlook.

"Celebrating 50 years since our founding, our mission remains: supporting and protecting the physicians and medical practices that rely on us," said Edward G. Marley, MICA president and chief executive officer. "This dividend demonstrates our financial stability, mutual structure and enduring commitment to delivering value directly to our member-policyholders. We are pleased to once again share our success with the members we serve."

The dividend represents approximately 18% of a policyholder’s 2025 annual premium for members insured by MICA for a full three-year period ending Dec. 31, 2025. Members insured for less than the full three-year period will receive a prorated amount.

Following the February 2026 distribution, MICA will have returned $762 million in dividends to policyholders since inception, including $79 million over the past five years. Since 2005, the MICA Board of Trustees has declared policyholder dividends each year.