CAMICO Posts Gain in Policyholders’ Surplus

Details Released in 2019 Operations Report

SAN MATEO, Calif.--()--CAMICO (www.camico.com), the nation’s largest CPA-owned and directed program of insurance and risk management for the accounting profession, posted total policyholders’ surplus of $43.5 million for the year ended December 31, 2019.

CAMICO’s policyholder retention rate for 2019 was 94 percent, and the company has continued to maintain key financial ratios at historically high levels for the past several years.

The company’s results are detailed in its 2019 Operations Report, which has been posted online at www.camico.com along with 2019 financial statements.

“CAMICO’s financial strength and high retention rate are achieved because of the unique partnership between CPAs and CAMICO, focused on CPA security and success,” said Andrew M. Eassa, CPA, CVA, CAMICO chairman of the board. “This partnership and mutual interest help keep the company on a positive trajectory year after year.”

About CAMICO

CAMICO delivers insurance, risk management and related services to more than 8,000 CPA firms and 50,000 staff members in 46 states and the District of Columbia. Founded in 1986, CAMICO is endorsed by state CPA societies and associations in Alaska, Arizona, California, Colorado, Greater Washington D.C., Idaho, Indiana, Kansas, Mississippi, Missouri, Nevada, New Jersey, New York, Oregon, Tennessee, Utah, Virginia and Washington. CAMICO provides Professional Liability Insurance, Employment Practices Liability Insurance, and other insurance products needed by CPA firms.

Contacts

Dan Crouch
CAMICO
dcrouch@camico.com
650.378.6827 – office; 925.324.1369 – mobile
www.camico.com

Release Summary

Policyholders' surplus of $43.5 million and a policyholder retention rate of 94 percent for 2019 have been posted by CAMICO.

Contacts

Dan Crouch
CAMICO
dcrouch@camico.com
650.378.6827 – office; 925.324.1369 – mobile
www.camico.com