NAPA, California., March 28, 2024 /PRNewswire/ — The Doctors Company, the nation's largest physician-owned medical malpractice insurer, today announced it has approved a 2024 premium dividend of approximately 14.7 million dollarsraising the total dividends declared to date to $470 million.
“We are pleased to reward members once again with the dividends earned,” said Richard Anderson, MD, FACP, President and CEO of The Doctors Company and TDC Group. “Dividends are an important part of our mission to promote, protect and reward the practice of good medicine.”
The Board of Governors of The Doctors Company approved dividends of up to 10 percent for eligible members in the following states: Florida, Idaho, Illinois, Maryland, Massachusetts, Michigan, Mountain, North Carolina, Ohio, Texas, Virginia, Washingtonand Wyoming. Members of the American Academy of Otolaryngology: Head and Neck Surgery and the American Society of Plastic Surgeons® They may also receive a dividend, depending on their eligibility.
Eligible members will receive this year's dividend on their annual premium for policy renewals between July 1, 2024and June 30, 2025.
Unlike commercial insurance companies, which look for ways to reward shareholders, The Doctors Company is dedicated to rewarding its members. In addition to dividends, the company provides Tribute® Planan unparalleled professional benefit that has rewarded more than $150 million to retired doctors.
“As a member-owned company, we are committed to sharing the results of our financial success with the healthcare professionals we insure,” he said. Deepika Srivastava, Chief Operating Officer of The Doctors Company. “Our multi-year dividend program recognizes the outstanding results achieved by our members.”
About the doctor company
Founded and run by doctors, The Doctors Company (losdoctores.com), the nation's largest physician-owned medical malpractice insurer, is tirelessly committed to advancing, protecting and rewarding the practice of good medicine. The Doctors Company helps physicians manage the complexities of today's healthcare environment, with guidance, resources and expert coverage. The Doctors Company is part of the TDC Group (tdcg.com), the nation's largest provider of physician-owned healthcare insurance, risk management and practice improvement solutions. TDC Group serves the entire spectrum of care, from individual physicians to academic medical systems (more than 100,000 healthcare professionals and organizations nationwide), with annual revenue of billion dollars and more 6.9 billion dollars in assets. To learn more about our data-driven insights and stay up-to-date on industry trends, follow and subscribe to The Doctors Company on X (@doctorscompany), Youtube, LinkedInand Facebook.
SOURCE The Doctors Management Company
