Details Released in 2018 Operations Report
SAN MATEO, Calif.–(BUSINESS WIRE)–CAMICO
(www.camico.com),
the nation’s largest CPA-directed program of insurance and risk
management for the accounting profession, posted total policyholders’
surplus of $42.6 million and net income of more than $2.1 million for
the year ended December 31, 2018.
CAMICO’s policyholder retention rate for 2018 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 2018
Operations Report, which has been posted online at www.camico.com
along with 2018 financial statements.
“CAMICO’s CPA-focused services, resources and expertise continue to be
popular with policyholders and help drive our consistently high
retention rates,” said Andrew M. Eassa, CPA, CVA, CAMICO chairman of the
board. “We are well positioned to further enhance and refine the many
ways we serve our policyholders over the long term.”
About CAMICO
CAMICO
delivers insurance, risk management and related services to more than
8,000 CPA firms and 50,000 staff members in 45 states and the District
of Columbia. Founded in 1986, CAMICO is endorsed by state CPA societies
and associations in 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
[email protected]
650.378.6827
– office; 925.324.1369 – mobile
www.camico.com
