By Chris Doebler, CPA, Chief Financial Officer

In spite of everything that has happened over the last few months the finances of MTMIC remain stable. At the May meeting of the Board of Directors management reported that we could anticipate a drop of as much as 15% in annual premiums earned. Now as we near year end it appears that the expected drop could very well be 5% or less. Although net income appears to be lagging last year’s figures, barring a significant drop in premiums or increase in claims we should be on target for yet another member dividend in March 2021.