MLMIC’s Q2 financials show continued strength and stability for New York’s leading medical liability insurer. In a constantly changing insurance marketplace, it is reassuring to know that MLMIC is sound and ready to serve its policyholders.
MLMIC’s second quarter financial statement indicates assets of $5.5 billion, liabilities of $3.4 billion and a policyholders’ surplus of $2.1 billion. Operating results through six months have been profitable, aided by realized investment gains.
The full financial statement for Q2 has been filed with the regulator, and a summary of key financial indicators is available here. For a refresher on why insurer financials matter to policyholders, click here.
In the opening letter to MLMIC’s 2016 Annual Report, President Dr. Robert Menotti highlights some of the Company’s accomplishments, shares summary financial information and announces his retirement.
Financials are only part of the picture when it comes to your relationship with your medical malpractice carrier. The length of the relationship matters, as well.
MLMIC has successfully defended more NY physicians than any other NY medical liability insurer. This level of protection is always there in case you need it, but did you know we also offer a host of additional benefits and resources that can help you in your daily practice.