2
thousands of nonprofits believed inus,
the companies in theNonprofits Insurance
AllianceGroup are now the insurer of
choice for 13,067 nonprofits in 31 states
andDC. And, we are growing at the rate
of nearly five newmember-insureds every
business day. Day after day, month after
month, year after year, brokers are intro-
ducing their nonprofit clients to this
unusual insurance group.Working together
and trusting in our collective power, non-
profits have solved a difficult problem and
accomplished for themselves what the
insurance experts said couldn’t be done.
2013Success
For 2013, gross written premium for the
Group totaled $89.6million. Of that total,
theNonprofits’ Insurance Alliance of Cali-
fornia (NIAC) wrote $56.2million, the
Alliance of Nonprofits for Insurance, RRG
(ANI) wrote $29.7million andNANI,
theGroup’s property reinsurance captive,
retained $3.7million on a net basis. Also,
wemanaged an additional $19.5million in
premium for our companion property and
volunteer accident programs, bringing the
total business administered by theGroup
in 2013 to $109.1million, an increase of
16.1 percent over 2012. At year’s end, the
Group’s combined balance sheet showed
total equity of $161.6million and total
assets of $354.9million. Before dividends,
the $9.1million of combined income for
theGroupwas comprised of $6.7million
fromNIAC, $0.8million fromANI, and
$1.6million fromNANI.
TheNIACBoard of Directors has declared
a $2million dividend for 2014. NIAC’s
dividend plan, based on premiums paid,
rewards individualmembers for length of
continuous coverage as well as favorable
claims experience. NIAC’s price decreases,
combinedwith additional claim activity
during the dividend period, reduced the
funds available for a dividend this year.
At 13 years, ANI is not yet large enough to
be in a position to pay dividends; however,
itsmembers are accruing points toward
essentially the same dividend plan as
NIACmembers share.With 30 percent
moremembers thanNIAChad at this
stage, ANI is well positioned for solid,
successful growth.
“...wearegrowingat the rate
of nearly fivenewmember-
insureds everybusinessday.”
