Mt. Morris Mutual Insurance Company holds 142nd annual meeting
Mt. Morris Mutual wel-comed policyholders and guests to their 142nd annual meeting on Feb. 22 at the Richford Community Center, near its home office in the Town of Richford.
The company, organized by a Lutheran Minister and 12 farmers in 1875, and has resided in Waushara County since its existence.
President/CEO Daniel Fenske called the meeting to order, and Secretary/Treasurer Norm Weiss read minutes from the 141st annual meeting. It was reported that in 2016, Mt. Morris experienced its most profitable year in company history. Company surplus increased $3,727,851 to a record $17,786,056.
Policy count and policyholder premiums both increased by nearly 10 percent with premiums reaching a record level of $23.9 million. Mt. Morris has experienced a decade of strong results, nearly doubling in size during the past 10 years.