Happy New Year as we say goodbye to a wonderful 2016!!! icon

To all Midwest Family Agencies: This past year was a wonderful year for Midwest Family. Our written premiums grew by 10.3% which far exceeded our sales goal of 8% for 2016. We wrote $143M in written premium in 2016. Our Combined Ratio is estimated at 94 and much improved when compared to a 96 produced in 2015. Our claims team serviced over 7500 claims this past year, the largest of which was a major hail storm in Bismarck, ND. We set a new record in 2016 with total earned Agent's profit sharing exceeding $1M for the first time ever. We are always first in the industry to pay Agent's profit sharing. Expect to receive payments within the next 10 days.

We have a significant amount of year end accounting to accomplish, but we are confident our surplus has grown substantially in 2016 from the level of 2015. At this time, we estimate a surplus gain of 16.5% to exceed $63M. It is always healthy to realize surplus gains that grow at a greater rate of increase than premium growth. We enter 2017 with good capacity to continue our long term growth and expansion plans. In 2017 our business plans call for 8% premium growth.

We sincerely appreciate your sales efforts this past year. Happy New Year to you and your families and please accept our best wishes for a great 2017.

Best regards,

Ron Boyd, CPCU
President and CEO

Posted on Wednesday, January 04 @ 13:41:54 -05:00
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MERRY CHRISTMAS FROM MIDWEST FAMILY MUTUAL icon

Dear Agents, Employees and Business Partners:

Thank you for your loyalty, goodwill and friendship! Midwest Family is proud to continue our 25 year tradition to make a cash donation to Courage Kenny Rehabilitation Institute on behalf of the Independent Agents, Business Partners, and Employees of Midwest Family.

The donation, made on your behalf, will support Courage Kenny's efforts to expand adaptive fitness programs and serve more individuals living with disabilities....

Posted on Wednesday, December 14 @ 16:15:47 -05:00
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It was a Stormy Summer!! But MFM "Weathered" the Storm! icon

It is tough to complain about our stormy summer season at the same time that a Cat 4 Hurricane is set to hit the Florida coast. Matthew reinforces our strategy to not write business in hurricane exposed coastal regions. That said, Midwest storms can be less than kind as well. Our largest storm of the year dropped large hail on Bismarck, ND and then managed to inflict smaller damage on...

Posted on Tuesday, October 11 @ 10:21:22 -05:00
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Second Quarter Results are Strong icon

Our year continues to progress well. Though our second quarter results were not as strong as the first quarter, our YTD financial results continue to exceed our business plan. Our combined ratio through June 30, 2016 is a solid 92.

Storm claims in June rained (hailed) on our parade a bit. The largest storm we worked in the second quarter was in Bismarck ND, followed by storm occurrences in Brainerd...

Posted on Sunday, August 21 @ 10:21:37 -05:00
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1st Quarter Results Provide Cushion for Storm Season icon

For Midwest based P&C Carriers, the winter and fall months typically provide a welcome reprieve from storm activity. There's no hail, less wind, and fewer claims. This year, our seasonal weather was further affected by the back end of a year long El Nino pattern that has represented a dichotomy of sorts across the contiguous United States. This phenomenon has resulted in warmer and dryer air to the North, and...

Posted on Thursday, April 21 @ 19:01:10 -05:00
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