We are required to maintain financial resources at levels that meet the obligations we have made in our insurance contracts with our members. But we have the privilege of sharing better than expected financial outcomes with our members!
Over the past eleven years, NIAC has declared $38.2 million in dividends for its nonprofit members in California. ANI is not yet of a sufficient size to begin paying dividends, but ANI members are already earning loyalty credits toward potential future dividends.
While it is not likely that every year will warrant a dividend, it is our pleasure to announce them when results are better than anticipated.