Michael P. Bourque
President and CEO
" Our mission is to make workers' comp work
better, with compassion, trusted partnerships,
and relentless commitment to workforce
safety. Producing a profit to generate
dividends is one way we deliver on that
mission for our Maine policyholders."
ANOTHER
DOUBLE DIGIT
SAFETY DIVIDEND
$18 Million Spread Across
All 16 Counties
$145
$161
$179
$197
$217
$238
$260
$282
$299
$316
$333
$351
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Making workers' comp work better since 1993
memic.com
For the 12th consecutive year,
the MEMIC dividend, a percentage of earned premium, has been in double digits. This year,
more than 14,000 Maine employers across all 16 counties who are current policyholders will receive
a check in early November for approximately 12 percent of the premium they paid to MEMIC
back in 2020.
Since 1998, MEMIC has returned a total of $351 million to employers based on strong financial
results, fueled by fewer workforce injuries and diligent injury management. That record of success
is testament to all our policyholders who have helped make safety part of their daily routines. In
fact, injuries in Maine have been reduced by more than 50 percent, which has dropped the cost
of insurance by more than 65 percent since the landmark reforms of 1992. Let's all keep up the
good work… because safety pays dividends.
