press release
MagMutual Declares Policyholder Dividend for 2025
February 13, 2025
Marks 26 total years of dividends and $468 million in financial rewards
ATLANTA, February 13, 2025 – MagMutual Insurance Company, one of the nation’s leading providers of medical professional liability insurance, announced a 2.5% dividend return to its PolicyOwners for this year.
With this latest declaration, MagMutual now has a record of 26 years of dividends throughout company history. During that time, they have returned $468 million in financial rewards to policyholders since inception, including $167 million paid over the past five years. The insurer also continues to pay for subscriptions to UpToDate®, the premier clinical decision support tool, for policyholders.
“Our impressive record of continuously paying dividends year-over-year is one of the many ways we put our policyholders first,” said William S. Kanich, MD, JD, executive chairperson of MagMutual. “This year marks our 18th consecutive year of dividends and 26th year overall. I’m proud that MagMutual continues to return dividends to the healthcare providers who trust us to protect them.”
MagMutual is the largest mutual medical professional liability insurer in the country, providing coverage to more than 40,000 physicians and healthcare organizations nationwide.1
”MagMutual demonstrates a high rate of financial strength and growth in our industry. This strength has allowed us to dependably declare dividends for the past 18 years,” said Neil Morrell, chief executive officer of MagMutual. “Our record of supporting policyholders with innovative insurance solutions, risk management services and financial rewards continues to be unmatched.”
About MagMutual
For more than four decades, MagMutual has been a leading provider of medical professional liability insurance. Today, we’re the largest mutual medical professional liability provider in the U.S. We deliver comprehensive coverage for the practice, business and regulation of medicine to more than 40,000 healthcare providers and organizations nationwide. Our focus on innovation allows us to provide customized advice, exceptional claims support and consistent financial benefits that result in improved outcomes and stronger PolicyOwners.1
1 Market position based on S&P Global Market Intelligence 2023 year-end financial filings. Dividends and Owners Circle allocations are declared at the discretion of the MagMutual Board of Directors and are subject to eligibility requirements.
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Media contact:
Kristen Guilfoil, Marketing Director