PO Box 370

808 Highway 18 W

Algona Iowa 50511

515.295.2461 • 800.247.5930

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News Release – February 12, 2016

FOR IMMEDIATE RELEASE

For more information contact Shelly Brown at 515.395.7235 or .

Pharmacists Mutual Releases Fourth Quarter Financial Results

Pharmacists Mutual Insurance Company is pleased to report positiveresults for the fourth quarter 2015. For the quarter and year ending December 31, 2015, the Company experienced increased membership, net income, and surplus.

The financial results will soon be filed with the Iowa Insurance Division.

A summary of Pharmacists Mutual’sfourthquarter financial results is shown below:

(in millions) / Quarter Ending December 31
2015 / 2014
Direct Written Premium / $28.9 / $28.9
Net Earned Premium / 22.7 / 22.1
Net Underwriting Income / 3.5 / 3.1
Net Investment Income / 1.4 / 1.3
Net Income / 3.3 / 2.5
Surplus Change / 4.9 / 3.5
Surplus / 105.8 / 97.8

In addition to positive fourth quarter financial results, our member satisfaction ratings throughout2015 all showimprovement over the already strong 2014 measures. On a scale of one to five, with 4 meaning Agree and 5 meaning Strongly Agree, our average rating was 4.6 for overall member satisfaction and 4.3 for claim service satisfaction. 89% of our members rate us 4 or higher.

President and CEO Ed Yortynoted“Through our member surveys, I am delighted to see our members reflect my coworkers’ dedication to service. During 2015, nine out of ten members indicated that they would recommend PMC to a friend of colleague. Our success and growth is built on service. The company’s performance in 2015 helps to ensure that PMC will be there during our member’s time of need.”

Please note that management believes all of the information provided to be true. However, the amounts shown have not been audited.

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