Camico, a CPA-led insurance provider for accountants, said Wednesday that it posted its sixth straight year of gains in policyholders’ surplus and net income, earning $1.7 million in net income for the year ended Dec. 31, 2015.
Total Camico policyholders’ surplus for 2015 was $40.3 million, up from the $39.2 million posted in 2014. The policyholder retention rate for 2015 was 93.3 percent, consistent with an annual policyholder retention rate of more than 93 percent for the past 20 years.
The company’s results are detailed in its 2015 Operations Report, which has been posted online at www.camico.com along with 2015 audited financial statements.
“Camico is celebrating its 30th anniversary in 2016, and we’re celebrating the continued positive trends and high level of policyholder retention in response to Camico’s long-standing tradition of exceeding policyholder expectations” said Camico chairman Robert P. Evans, CPA, in a statement. “CPAs respond to an insurance and risk management program that is aligned with their interests and builds long-term value for them, and Camico is well positioned to continue this tradition for the years to come.”
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