OMIC Members Report 2022-2024

WHEN OMIC OPENED FOR BUSINESS on October 1, 1987, it signaled not just the beginning of a new insurance company, but the culmination of a visionary plan to directly head off a growing threat facing our colleagues nationwide. Our 2022 Members Report highlights a 35-year journey protecting ophthalmology.

Read the report…

OMIC Members Report

OMIC Members Report | 2022 Message from the Chair: Outgoing Board Chair Dan Briceland defines the past and sets the stage for OMIC’s future as he assumes leadership of the American Academy of Ophthalmology in 2023 Timelines: Review OMIC’s 35 years of excellence in risk management, claims defense, and coverage features Financial Highlights: See our financial results including cumulative dividend returns, assets, surplus, and rate stability graphs Message from the CEO: President and CEO Tim Padovese highlights his 20 year term and the specific successes we’ve enjoyed during his tenure < click to view or download

2018 Members Report

We recently published our 2018 Members Report. Policyholders should receive their copy within a few weeks. Our specialty and our industry are changing fairly rapidly. We discuss your company’s leadership in an unsteady environment.

In this report:

MESSAGE FROM THE CHAIR George Williams, MD discusses the changes occurring in our specialty.

MESSAGE FROM THE CEO Tim Padovese celebrates another stand-out year by announcing some big news.

FINANCIAL HIGHLIGHTS Robert Wiggins MD highlights two OMIC financial and operational metrics that show our superior performance compared to multispecialty carriers.

2018 Members Report

2017 Members Report

OMIC’s 2017 Members Report was mailed to insureds in October. If you did not receive your copy or would additional copies, contact us at omic@omic.com.

In this report:

MESSAGE FROM THE CHAIR George Williams, MD discusses the effect of big data on our specialty.

MESSAGE FROM THE CEO Tim Padovese celebrates 30 years of OMIC service by announcing some big news.

FINANCIAL HIGHLIGHTS A 30-year look at OMIC financial and operational successes.

2017 OMIC Members Report

2016 Members Report

It was the summer of 1985 and all the national television networks were there. You could hear the cameras clicking and the whir of their motors grinding away. Before a committee of the House of Representatives a hesitant man leans forward and begins to speak. Amazingly, nearly every seat facing him was empty. This is the way Congress works. Representatives appear before the lenses in this room to make speeches to constituents back home. They are gone before the testimony they’ve requested from the man begins.

(Click on image to read rest of Message from the Chair…)