January 18, 2022 by matray

The Mutual Insurance Company of Arizona (MICA) recently announced $17 million in dividends to be allocated among active policyholders as of Dec. 31, 2021. According to MICA, the dividend derives from a combination of favorable claims experience and strong investment performance.

“As a physician-owned and directed mutual insurance company, MICA is able to return funds to our members whenever results are favorable. This year’s dividend exemplifies MICA’s financial strength and dedication to its mission of protecting and defending the practice of medicine,” said James F. Carland, MD, MICA chief executive officer.

The dividend will be distributed in the February, after which MICA will have returned $700 million in dividends to its policyholders since 1988, including $125 million in the last five years alone.