The Doctors Company Announces $5.4 Million Member Dividend
Over $430 Million in Dividends Paid to Members to Date
Napa, California—April 7, 2020—The Doctors Company announced today that it has declared a 2020 premium dividend of approximately $5.4 million, bringing the total paid out in dividends to more than $430 million.
“Rewarding our members with dividends is at the core of our commitment to serve those who provide care—especially so today when our members are on the frontlines of a pandemic,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company.
“Dividends are made possible because of the claims experience of our members and our financial success, which is built upon a conservative business philosophy designed to fully empower our mission to advance, protect, and reward the practice of good medicine—now and always,” Dr. Anderson added.
Dividends of up to 8 percent were approved by The Doctors Company Board of Governors for eligible members in the following states: Colorado, Maryland, Montana, New Mexico, North Carolina, Ohio, Virginia, Washington, and Wyoming.
Members of 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, 2020.
As a proactive insurance partner for practices and healthcare organizations, The Doctors Company is committed to rewarding members. In addition to dividends, the company provides the Tribute® Plan, an unrivaled career benefit that has distributed more than $85 million to retiring doctors.
About The Doctors Company
Founded and led by physicians, The Doctors Company (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 hospitals and 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 82,000 members and over $4.5 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, and Facebook.