Minneapolis, MN (February 21, 2018) – Minnesota Lawyers Mutual Insurance Company (MLM), a lawyers’ professional liability carrier, announced it is returning $3.75 million to its policyholders as dividends in 2018.
“I am pleased to report that MLM has increased its dividend by 17% over last year’s disbursement” said Paul Ablan, President and CEO of MLM. Policyholder dividends are one of the significant benefits of being insured with a mutual insurance company and MLM has remained loyal to its mutual principles. Ablan continued, “I’m proud of the consistency of our performance over the past three years. We’ve maintained stable claims results, grown our surplus to record levels, and increased our dividend payment each year.”
Efficient operation, careful risk selection and successful investment management have allowed MLM to return $56.4 million in premiums since 1988. “The fact that we have delivered a dividend for 30 consecutive years is verification of our long-term perspective, financial strength, and fulfilment of our promise to our policyholders,” said Ablan.
Dividend checks will be mailed on or about March 2, 2018 and shared among law firms who had policies in force with MLM on December 31, 2017.
About Minnesota Lawyers Mutual Insurance Company
Founded in 1982 by members of the Minnesota State Bar, Minnesota Lawyers Mutual Insurance Company provides lawyers’ professional liability insurance and risk management services to its policyholders in 15 states. MLM is committed to be an efficient, accountable and permanent practice management resource to the legal profession, exemplified by an AM Best rating of “A-” (excellent), and consecutive annual dividend payments since 1988.