WILMIC News & Risk Management Articles

Another WILMIC cash dividend coming to policyholders this year

Over $10 Million in Dividends Has Been Paid Out Since 1999

For the 23rd consecutive year, WILMIC will be sending out dividend checks to policyholders.

The Board of Directors declared the dividend at its recent spring meeting after reviewing the company’s 2020 financial results.  Cash dividends equal to five percent of annual premiums will be sent to law firms currently insured by Wisconsin Lawyers Mutual.

Katja Kunzke, WILMIC President and Chief Executive Officer, says, “Cash dividends are a mutual company’s way of distributing earnings back to its owners.”

“A dividend is what the mutual concept in insurance is all about,” Kunzke said.  “Our board firmly believes it is important to return money to the policyholders when we are in a position to do so.  Policyholders deserve that.”

If you have been insured with WILMIC for a while, you may have been used to receiving your dividend check in April.

However, like last year, dividend payments this year will go out when your policy ends, as long as your policy was in effect on March 10 of this year. So, for example, if your policy expires in September, you would receive the dividend in early October.

WILMIC has paid out almost $10 million in dividend payments to policyholders since 1999, including approximately $218,000 this year.