Nonprofits Insurance Alliance Group - 2017 Annual Report

2 A Cooperative of Nonprofits, for Nonprofits. Tom Wander Chair of NIAC “We are insurers, but we are first and foremost a group of 501(c)(3) nonprofits that know the struggles faced by nonprofit leaders.” We are insurers, but we are first and fore- most a group of 501(c)(3) nonprofits that know the struggles faced by nonprofit lead- ers. We respect the difficulty of their work. Our job is to make that burden a bit lighter, especially when things go wrong. During 2017, it was our privilege to serve more than 17,196 member nonprofits. They rewarded our commitment to them by continuing to renew with us in large numbers. In 2017, 93 percent of members renewed with us, and we welcomed 2,062 new members. We also are delighted to report that 4,667 members have been with us continuously for ten or more years. The oldest and largest company in our Group, the Nonprofits Insurance Alliance of California (NIAC), completed its first full year of offering property coverage in addi- tion to all types of liability coverages. We are pleased to report, although it was a record year for wildfire losses across the state and devastating to many areas, the thousands of nonprofits insured by NIAC were mostly spared fire damage.” We continue to pursue the successful passage of the Nonprofit Property Protection Act in Congress so that Alliance of Nonprofits for Insurance, RRG (ANI), will be able to offer the same cost- effective package of property and liability coverages to our members outside of California. Some in the insurance industry still resist allowing nonprofits’ own insurance company to offer this coverage outside of California, but we continue to believe the simple solution, as provided for in the Nonprofit Property Protection Act, will ultimately prevail. For 2017, gross written premium for the Group totaled $129.6 million. Of that total, the Nonprofits Insurance Alliance of California (NIAC) wrote $82.8 million, the Alliance of Nonprofits for Insurance, RRG (ANI) wrote $43.7 million, and the National Alliance of Nonprofits for Insurance (NANI), the Group’s property reinsurance captive, retained $3.1 million on a net basis. We also managed an additional $9.4 million in premium for our companion property and