Members of the property/casualty program are sharing in a 2019 dividend of $2.5 million, bringing the total amount of returned dividends since 1987 to $332 million. Members receive their share in December.

Bar chart showing dividends returned to LMCIT members since 1987.

Although total incurred costs have risen recently, the Board of Trustees determined it was nevertheless appropriate to return a dividend this year. It is important to remember, however, dividend amounts are driven by potentially unpredictable historical claim costs, so the availability and amount of dividends will fluctuate over time.

In the decades since the Trust was created by Minnesota cities, it has offered broad coverage, stable premiums, and robust loss control programs. As an organization owned and managed by its members, it remains committed to these principles and to helping those members build and maintain strong communities.