This past year, new records were set at MFM. Our written premium goal was exceeded with an increase of 7.5% to end at just short of $130M. This past year, we added a marketing presence in the states of Kansas, Missouri, and Indiana. We have significant accounting to complete on our financial results, but right now we estimate our combined ratio to be roughly 96.4 and expect to add roughly 9% to our surplus. In short, 2015 was another great year, and we really appreciate your business and the sales efforts of our Agents which made it all possible.

We intend to grow our premiums in 2016 by an additional 8% to $140M. We will enter three new states in Idaho, Ohio, and New Mexico by the second quarter. A new personal lines product designed for affluent customers with high valued homes and automobiles will be introduced in the last half of the year. This product will also target customers with multiple homes and LOTS of cars. Research and development is now well under way for this new product offering.

So Happy New Year to all of you. Thank you for all your business this past year! We appreciate it very much. May 2016 be everything you expect it to be.

Best regards,

Ron Boyd, CPCU
President and CEO