In the opening letter to MLMIC’s 2016 Annual Report, President Dr. Robert Menotti highlights some of the Company’s accomplishments, shares summary financial information and announces his retirement.
We’re pleased to advise policyholders that the Berkshire Hathaway transaction is on track. As such, you can expect several major milestones to occur between now and the expected close of the transaction by year-end 2017.
MLMIC’s latest dividend is based on overall assets of $5.8 billion, a surplus of $1.9 billion and a net income of $100 million. These figures, available in the company’s Q3 statement, show the company’s overall financial condition remains sound.
MLMIC is pleased to announce the opening of new office space in Western New York. The Buffalo office, located at 300 International Drive, Suite 100, Williamsville, NY 14221, is MLMIC’s fifth location.