Dear Valued Policyholders,

Primarily due to our historical conservative claim reserving practices, Lawyers Mutual had a strong 2024. As a result, our Board was able declare a policyholder dividend once again. The nearly $1.5 million policyholder dividend represents approximately 8.1% of your final policy premium and will be paid in 2025 as your 2024 policy expires. Including this year’s dividend, policyholders will have received a return of capital of nearly $15.24 million over the last 14 consecutive years.  As you’ve heard me say and write many times before, policyholder dividends are a major benefit of being insured by a mutual insurance company. When we do well, trust that we will continue to share our financial success with you by returning capital in the form of policyholder dividends.

Speaking of trust, as Don Peppers, American advertising executive and founding partner of Peppers & Rogers, once said, “Being trustworthy requires doing the right thing. And doing the right thing.” Lawyers Mutal has insured and served North Carolina attorneys for nearly 48 consecutive years. You are the cornerstone of our mission to “partner with North Carolina attorneys.” You are the focus of our core values – integrity, empathy, and transparency. For us, doing the right thing has always been to put our policyholders’ interests first. (Being structured as a mutual insurance company makes this possible by eliminating the stockholder/policyholder conflict that exists with publicly traded insurance companies.) We believe that this is reflected in the strong relationships we enjoy with our insured attorneys and bar associations across the state, and hope that you believe we are doing to the right things to maintain your trust.      

We know you have choices. Thank you for letting Lawyers Mutual be your trusted legal malpractice insurance provider. 

Daniel M Zureich
President and CEO