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The Doctors Company Announces $14.7 Million Dividend | ||
By: PR Newswire Association LLC. - 28 Mar 2024 | Back to overview list |
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NAPA, Calif., March 28, 2024 /PRNewswire/ -- The Doctors Company, the nation's largest physician-owned medical malpractice insurer, announced today that it has approved a 2024 premium dividend of approximately $14.7 million, bringing the total of declared dividends to date to $470 million. "We are pleased to reward members once again with earned dividends," said Richard E. Anderson, MD, FACP, Chairman and CEO of The Doctors Company and TDC Group. "Dividends are an important part of our mission to advance, protect, and reward the practice of good medicine." Dividends of up to 10 percent were approved by The Doctors Company Board of Governors for eligible members in the following states: Florida, Idaho, Illinois, Maryland, Massachusetts, Michigan, Montana, North Carolina, Ohio, Texas, Virginia, Washington, and Wyoming. Members of the American Academy of Otolaryngology—Head and Neck Surgery and American Society of Plastic Surgeons® may also receive a dividend, depending on their eligibility. Eligible members will receive this year's dividend on their annual premium for policy renewals between July 1, 2024, and June 30, 2025. Unlike commercial insurance companies, which look for ways to reward shareholders, The Doctors Company is dedicated to rewarding its members. In addition to dividends, the company provides the Tribute® Plan, an unrivaled career benefit that has awarded more than $150 million to retiring doctors. "As a member-owned company, we are committed to sharing the results of our financial success with the healthcare professionals we insure," said Deepika Srivastava, Chief Operating Officer of The Doctors Company. "Our multiyear dividend program recognizes the outstanding outcomes achieved by our members." About The Doctors Company View original content to download multimedia:https://www.prnewswire.com/news-releases/the-doctors-company-announces-14-7-million-dividend-302102812.html SOURCE The Doctors Management Company |
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