MCIT 2025 Annual Report Released, MCIT Receives Unmodified Audit

The MCIT 2025 Annual Report offers details about the factors influencing MCIT’s financial position during 2025, including reinsurance, contribution rates, divided and claim trends across lines of coverage. Service initiatives from the year are also detailed.

Download MCIT 2025 Annual Report

Audited Financial Statements

MCIT is proud to have received an unmodified audit opinion from the independent firm of Eide Bailly LLP for 2024. MCIT’s entire audited financial statements for the year ending Dec. 31, 2025, are available for review online, including the Notes and Management’s Discussion and Analysis, or by contacting MCIT.

An unmodified opinion means that the audit firm believes that the financial statements present fairly, in all material respects, the financial position of MCIT as of Dec. 31, 2025, and the results of its operations and its cash flows for the year.

Eide Bailly conducts the audit in accordance with auditing standards generally accepted in the United States. The firm concluded that the audit evidence it obtained from MCIT is sufficient and appropriate to provide a basis for the audit opinion.

Transparency of Operations

MCIT is a member-focused and member-responsive risk sharing pool. It is not a for-profit company, rather it is a public entity that works to support the financial stability of its members. The publication of an annual report and the audited financial statements are part of MCIT’s transparency of operations with members.