17.3% — with liabilities of $466.4 million, reserves of $349.7 million and a surplus of $105.4 million. EmPRO grew net income to $18.3 million on gross written premium of $190.2 million, while achieving a strong combined ratio of 87.9%.
total of declared dividends to date to $485 million.“We are pleased to reward members once again with earned dividends,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company and TDC Group. “Dividends are an important part of our mission to advance, protect, and reward the practice of good medicine.”
Dividends of up to 10 percent were approved by The Doctors Company Board of Governors for eligible members in the following states: Florida, Idaho, Illinois, Maryland, Massachusetts, Michigan, Montana, North Carolina, Ohio, Oregon, Texas, Virginia, Washington, and Wyoming. Members of the American Society of Plastic Surgeons® may also receive a dividend, depending on their eligibility.
Eligible members will receive this year’s dividend on their annual premium for policy renewals between July 1, 2025, and June 30, 2026.
Unlike commercial insurance companies, which look for ways to reward shareholders, The Doctors Company is dedicated to rewarding its members. In addition to dividends, the company provides the Tribute® Plan, an unrivaled career benefit that has awarded more than $175 million to retiring doctors.
“As a member-owned company, we are committed to sharing the results of our financial success with the healthcare professionals we insure,” said Deepika Srivastava, Chief Operating Officer of The Doctors Company. “Our multiyear dividend program recognizes the outstanding outcomes achieved by our members.”
number of healthcare providers across the nation,” commented Richard E. Anderson, MD, FACP, Chairman and Chief Executive Officer of The Doctors Company. “Healthcare is a team sport and the teams are getting larger. In order to provide them the best imaginable service requires a mission-based company with nationwide scale, resources and dedication to all medical professions and healthcare providers. The addition of ProAssurance to The Doctors Company significantly enhances our ability to serve healthcare professionals now and well into the future."
Executive Officer. He added, “Both ProAssurance and The Doctors Company were founded by physicians in response to the medical liability crisis of the 1970s. Both companies have grown over the years by bringing together other physician-founded companies. This shared history has helped both companies fulfill our shared mission to protect others and given us similar operating philosophies and cultures. Bringing the strengths and capabilities of our companies together now will allow our teams to continue to serve today’s healthcare providers with the necessary scale and breadth of capabilities.”
California physicians, CAP was established to address the escalating costs of medical malpractice coverage through its Mutual Protection Trust (MPT), rated A+ (Superior) by AM Best for 18 consecutive years.
Everett, will retire after 23 years of leadership. As part of a carefully planned transition, the company has initiated a national search for its next CEO, ensuring a seamless leadership change that aligns with The Mutual’s mission, values and commitment to excellence in the healthcare insurance industry.
growth opportunities and optimizing capital management to support the company’s long-term sustainability and organizational goals.
million in financial rewards to policyholders since inception, including $167 million paid over the past five years.