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In the News

Michigan Millers Mutual Insurance Company Announces Year-End 2023 Results

(Lansing, Mich.) Michigan Millers Mutual Insurance Company today announced full-year financial results through December 31, 2023. Significant comparative financial measures include:

  • Total Assets grew from $298.8 million to $332.3 million, an increase of $33.5 million (11.2%) compared to 12/31/22.
  • Direct Premium Written totaled $148.2 million, with growth from continuing operations of 9.9% over 2022.
  • Net Income After Tax totaled $4.0 million, compared to $6.4 million in 2022.
  • Surplus increased from $103.3 million to $108.5 million, an increase of $5.2 million (5.0%) compared to 12/31/22.

“These year-end numbers for 2023 are strong, achieved during a year of increasing storm activity and challenging conditions for the industry, are the result of the impressive hard work of our employees and agency partners over the past year,” said John Parsons, President of Michigan Millers Mutual Insurance. “I’m proud of how our people and solid business plan enabled us to both serve our customers and further grow our policyholder’s surplus. These results add to our strong foundation of financial security, and we look forward to building on them in 2024 and beyond for the continued protection of our policyholders.”

Michigan Millers, headquartered in Lansing, Michigan, is a regional insurance carrier writing commercial and specialty lines primarily in the states of Michigan, New York, and Minnesota. Affiliated with the Western National Insurance Group since 2015, the companies write over $1 billion in Direct Written Premium sold exclusively through professional Independent Insurance Agents.

For further information, please contact:

John Parsons

Committed to meeting the needs of our customers in a way that never fails to exceed their expectations.

The insurance you receive is only as good as the company behind it. Prompt personalized service is not just a goal it is what we are all about. Founded in 1881, Michigan Millers Insurance has a long and storied history of providing superior service to our customers. We offer a wide range of property and casualty insurance products for small and mid-size businesses. We are represented by only the finest independent insurance agents who can assist you in tailoring the insurance protection that is right for you.