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NORCAL Mutual Announces $16M Dividend. More than $500 Million in Payouts Since 1978

Nov 19, 2014

NORCAL Mutual Insurance Company has declared more than $16 Million in dividends for 2015, reflecting the company’s continued dedication to its policyholders and sound business practices. The company has declared dividends for 35 of the past 37 years, and with its subsidiary PMSLICInsurance Company has returned more than $500 Million in dividends to its policyholders.

“This dividend is a testament to our company’s financial strength and responsible stewardship of our policyholder premiums, and is just one of the many benefits of being a NORCAL Mutual policyholder member. We are physician owned and directed, which means our focus is always on our owners, our policyholders,” said Scott Diener, president and chief executive officer ofNORCAL Mutual.

The dividend will provide a premium credit of 10 percent for eligible policyholders in Alaska, California and Pennsylvania, and 5 percent in Delaware. Eligible members will receive the credit on policies renewed on or after January 1, 2015.