2017 Dividend

LMCIT returned $6 million for 2017

LMCIT funds not needed for claims, expenses, or reserves are returned to members as a dividend. For 2017, the LMCIT Board of Trustees was able to return $6 million to members of the property/casualty program.

Bar chart showing LMCIT dividends paid to members since 1987--a total of $327 million.

Members should be very proud of their continued dedication toward controlling claims, and sharing that success with other Minnesota cities. Members received their share of the $6 million dividend, along with a detailed explanation of the dividend return and calculation, in mid-December 2017.