Details Released in 2021 Operations Report
SAN MATEO, Calif.- CAMICO, the nation’s largest CPA-owned and directed program of insurance and risk management for the accounting profession, posted total policyholders’ surplus of more than $46 million and gross written premium of more than $65 million for the year ended December 31, 2021.
CAMICO has continued to strengthen its key financial indicators with policyholders’ surplus up from $45 million (posted for 2020) and a topline increase in gross written premium in 2021.
Policyholder retention for the company remained at its historical rate of 94% in 2021. CAMICO also posted an increase in Net Investment Income and Total Assets.
The company’s results are detailed in its 2021 Operations Report, which has been posted online at www.camico.com along with 2021 financial statements.
“We had a great year with CAMICO Mutual renewals and a positive renewal-rate with our strategic partner, Berkley Alliance Managers (BAM), who has helped us grow new business and expanded our capacity to serve CPA firms of all types and sizes,” said CAMICO President and CEO Ric Rosario. “CAMICO’s mission to be the stable source of top-quality insurance and risk management services for CPAs has guided the company well and will continue to do so as we build on our success in 2022.”