SAN MATEO, CA (May 29, 2014) – CAMICO (www.camico.com), the nation’s largest CPA-focused program of insurance and risk management for the accounting profession, earned $1.2 million in net income and posted a gain in policyholders’ surplus for the year ended December 31, 2013.
Total CAMICO policyholders’ surplus for 2013 was $38.5 million, up from the $38.2 million posted in 2012.
The year 2013 marks the fourth straight year of gains in policyholders’ surplus and net income for CAMICO. The policyholder retention rate for 2013 was 92.6 percent, consistent with an annual policyholder retention rate of more than 92 percent for the past 20 years.
The company’s results are detailed in its 2013 Operations Report, which has been posted online at www.camico.com along with 2013 audited financial statements.
“CAMICO is continuing to build long-term value for CPAs by providing unmatched expertise and solutions via a financially strong program,” said Robert P. Evans, CPA, CISA, CAMICO chairman of the board. “Our dedication to the accounting profession and outstanding service drive the high level of policyholder satisfaction seen year after year.”
650.378.6827 – office
925.324.1369 – mobile