This page is under construction. More details about why dividends are being returned and whether dividends can be expected will be posted soon.

Members of the property/casualty program will share in a $3 million dividend and workers’ compensation members will share in a $5 million dividend for 2024. Checks will be mailed to members in December.

Bar chart showing $374 million in dividends paid by LMCIT since 1987; the bar for 2024 shows $3 million for the property/casualty program and $5 million for the workers' compensation program.

Dividends are distributed to cities and other entities that are members of LMCIT as of Dec. 1 in the year the dividend is being returned. Each member’s share of the dividend is proportionate to the difference between the member’s total premiums and total losses as of May 31 for the past 20 years. Individual losses are capped at the lesser of $200,000 or 200% of the member’s annual premium for the year of the loss.