MLMIC’s Q3 Statement Shows Sound Financial Condition

Given recent stories about insurers exiting the New York market due to financial difficulties, it is reassuring to know that New York’s leading medical liability insurer is sound and ready to serve its policyholders.

MLMIC’s third quarter financial statement indicates that the company’s overall financial condition is sound, with assets of $5.9 billion, liabilities of $4.1 billion and a policyholders’ surplus of $1.8 billion. Operating results through nine months have been profitable, aided by realized investment gains.

The full financial statement for Q3 has been filed with the regulator, and a summary of key financial indicators is available here.