NEWS ARTICLE
April 10, 2025
Michigan Millers Mutual Insurance Company Announces Year-End 2024 Results
(Minneapolis, Minn.) Western National Insurance Group today announced full-year financial results through December 31, 2024. Significant comparative financial measures include:
- Total Assets grew from $332.3 million to $366.7 million, an increase of $34.4 million (10.4%) compared to 12/31/23.
- Direct Premium Written totaled $196.5 million, with growth from continuing operations of 18.5% over 2023.
- Net Income After Tax totaled $11.0 million, compared to $4.0 million in 2023.
- Surplus increased from $108.5 million to $118.7 million, an increase of $10.2 million (9.5%) compared to 12/31/23.
“These year-end numbers for 2024 are exceptional, and they reflect the dedication and outstanding efforts of our employees and agency partners over the past year,” said John Parsons, President of Michigan Millers Mutual Insurance. “Our solid business plan and collaborative team approach has proudly enabled us to both serve our customers and further grow our policyholders’ surplus. These results add to our strong foundation of financial security, and we look forward to building on them in 2025 and beyond to ensure the ongoing 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
President
(517) 371-7765 or (800) 888-1814 (Ext. 7765)
jparsons@mimillers.com
