2011 Financial Results

Balance Sheet 


zoomClick to zoom.

With assets in excess of $525 million and surplus that exceeds $234 million, MMIC Insurance, Inc. (MMIC Insurance) continues to build and maintain financial strength and stability for the long-term protection of our policyholders. This strong surplus position also enables MMIC Insurance to seek and capitalize on growth opportunities.



Total Assets 


zoomClick to zoom.

With total assets exceeding $525 million, MMIC Insurance continues to build financial strength and stability for the protection of our policyholders over the long term.



Invested Assets 


zoomClick to zoom.

With invested assets that have grown by 18% since December 31, 2006 to over $492 million, MMIC Insurance provides a stable foundation for its policyholders. With 47% of our invested assets in tax-exempt bonds, MMIC Insurance has continued to receive tax equivalent yields greater than taxable bonds with the stability of a municipal portfolio. Continued positive cash flow from operations has allowed MMIC Insurance to opportunistically invest in the financial markets while maintaining a well structured and diversified investment portfolio.



Policyholders' Surplus 


zoomClick to zoom.

A fundamental component of an insurer’s financial strength is surplus. The surplus for MMIC Insurance has grown by over $77 million or in excess of 49% since December 31, 2006.




Income Statement 


zoomClick to zoom.

With over $25 million in net income for 2011, MMIC Insurance continues to establish a solid financial position and will work to maintain that strength in 2012. Net income helps build policyholders’ surplus, an important component in overall financial health.

Because of this continued financial success, MMIC Insurance will return $7.5 million in dividends to policyholders’ in 2012. MMIC Insurance has given back more than $101 million to its policyholders’ since its inception in 1980.




Direct Premium Written


zoomClick to zoom.

Despite a highly competitive and softening market which is pressuring rates, MMIC Insurance remains as one of the leading providers of medical professional liability insurance in the Upper Midwest.




Combined Ratio 


zoomClick to zoom.

The statutory combined ratio is a comparison of losses and expenses to premiums. Including policyholder dividends, the combined ratio for MMIC Insurance was 89.3% for 2011. This outstanding result indicates healthy underwriting performance for a physician-owned medical professional liability insurer.