During the year, I write you each month with owner dividend updates, MTMIC financial updates, how individual company experience modifications work, etc. Only rarely do I write and update you on you, our member owners. So that is my topic for this month.

Last February we celebrated the 40 year anniversary of MTMIC and the Tooling Trust Fund. The success of MTMIC is mostly because of our members and the member Board of Directors. I am a numbers guy, so let me share what the MTMIC members has accomplished.

• MTMIC has grown significantly in the last five years. Number of members increased 42%. With the support of the MTMIC Board of Directors we have 3 full time field Loss Control Consultants. That means that each consultant is assigned about 275 members to advise and support. Even with the increase in members noted a moment ago, the number of MTMIC accidents has DECREASED from 1,802 in 2012 to 1,444 in 2015 for a 25% reduction. This savings has allowed the MTMIC Board to return member’s dividends in the last two year of $6,000,000.
• Legacy member support: Total we have 115 members that have been with MTMIC for over 20 years. Many of those 115, have been with MTMIC for 40 years.
• More recent MTMIC members: Our member retention percentage is consistently 97-98% in choosing MTMIC over another commercial insurance company. We lose a few members each year when a shop is sold or business closed, but only a two or three percent are choosing an MTMIC replacement. That is amazing support.

To close, MTMIC celebrated 40 year anniversary because of our members. Thank you for your support and loss control efforts. Management will continue focusing on saving claims dollars and running a lean administration office knowing that every dollar we save becomes available for our members dividend. Providing member protection and creating value is our job every day.

Enjoy your summer and never hesitate to call me with suggestions or concerns. We are anxious to be a valued member support partner for the next 40 years.