Dividend News

A distinct advantage of a mutual insurance company is the ability as a policyholder to participate in the profits of exceedingly profitable years. Since there are no shareholders to enrich, dividends extend to the policyholders who are the owners of the company.

OAMIC’s dividend track record for policy dividend payments is consistent and somewhat remarkable. A policy dividend has been paid every year since 1994 (OAMIC’ first year as a mutual company). Since that time, OAMIC has paid almost $24 million in dividends, averaging over 25% of the earned premium.

It is mutually beneficial to insure with OAMIC!