Over $415 Million in Dividends Paid to Members Since 1976
Napa, California—March 27, 2018—The Doctors Company announced today that it has declared a 2018 premium dividend of approximately $19 million. The company has paid out more than $415 million in dividends since the program started in 1976.
“For thirteen consecutive years, we have recognized and rewarded our members by paying a dividend,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company. “Unlike commercial insurers that reward shareholders, we reward our members through our generous dividend program and with the Tribute® Plan, an unrivaled career benefit that recognizes members for their loyalty and their commitment to the practice of good medicine.”
The dividend was recently approved by The Doctors Company Board of Governors for eligible members in the following states: Colorado, Florida, Idaho, Illinois, Maryland, Michigan, Montana, New Mexico, North Carolina, Ohio, Oregon, Texas, Virginia, Washington, and Wyoming. The dividend will vary from 2 to 20 percent depending on the loss experience of the individual state.
Members of the American Academy of Otolaryngology—Head and Neck Surgery and the American Society of Plastic Surgeons® may also receive a dividend.
Eligible members will receive this year’s dividend on their annual premium for policy renewals on or after July 1, 2018.
About The Doctors Company
Founded and led by physicians, The Doctors Company (www.thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company takes the mal out of malpractice insurance by helping practices of all sizes manage the complexities of today’s healthcare environment—with expert guidance, resources, and coverage. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 80,000 members and over $4 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings. To learn more about data-driven insights and to stay up to date on industry trends, follow and subscribe to The Doctors Company on Twitter (@doctorscompany), YouTube, LinkedIn, Facebook, and Google+.