Meemic Holdings, Inc. - MEMH- Profile

MEEMIC Holdings, Inc.. The Group's principal activity is to provide personal lines of property and casualty insurance through its subsidiaries MEEMIC Insurance Company and MEEMIC Insurance Services Corporation. The Group offers private passenger automobile, homeowners, boat and umbrella insurance primarily to educational employees and their immediate families in Michigan. The personal automobile policy provides policyholders with protection against claims resulting from bodily injury and property liability and automobile physical damage. The homeowners policy, in addition to insuring the policyholders' primary residence, provides optional coverage for seasonal homes and dwellings under construction. The umbrella line insurance covers excess liability up to $5 million. Premiums earned accounted for 91% of 2001 revenues; Net Investment Income, 8% and Other Income, 1%. Provides pvt passenger automobile, homeowners, boat and umbrella ins to educational employees and their immediate families