Mutual Fire Insurance Declares Premium Refund for Qualifying 2016 Policyholders
Mutual Fire Insurance had a healthy and profitable year and we are pleased to announce positive financial results for 2016.
After meeting set financial conditions for the company, the Board of Directors declared a refund of premiums for qualifying member policyholders. Over the last ten years, MFI has been in the position to declare a refund six times. Those refunds now total approximately $1.9 million dollars.
Chair of the Board, Don Hooge commented, “I am pleased to report that – through the efforts of our strong, capable, and energetic team – Mutual Fire Insurance delivered on our many initiatives for 2016. On behalf of the directors at Mutual Fire Insurance, I am proud to announce that because of our strong reinsurance program, our commitment to solid underwriting fundamentals, our prompt, efficient and fair claims handling, along with improved operational efficiencies in all departments, we earned a solid income for the year. So, in the true sense of a mutual company, the Board of Directors has declared a premium refund.”
President & CEO, Darin Lord Nessel added, “It is evident that Mutual Fire Insurance has the dedicated team and strong corporate culture in place to move our company in a positive direction towards conservative growth and continued financial stability. 2017 will deliver new products and increased internal effectiveness, all with a focus on unparalleled services for our members and key partners. We believe in what we do and our passion will continue to achieve the objectives we have set forth.”
The 2016 Annual Report is also available for more details on our financial results.