Nonprofits Insurance Alliance Group - 2017 Annual Report

A Head for Insurance. A Heart for Nonprofits. 9 2017 Member Composition Surplus (in Millions) Assets (in Millions) Premiums (in Millions) Members A copy of the Group’s complete audited financials can be found at www.insurancefornonprofits.org 2017 2016 2015 (in millions) Gross written premium $129.6 $116.8 $110.7 Dividends to policyholders $1.9 $1.9 $0.9 Net income after dividends $12.2 $10.1 $10.5 Total assets $479.1 $443.7 $415.5 Cash and invested assets $362.9 $334.2 $299.9 Loss reserves (including loss adjusting expenses) $198.6 $187.1 $172.8 Total equity $201.3 $185.2 $176.1 Policies in force 59,791 54,629 52,869 Reported claims General liability 1,008 1,002 1,098 Auto liability 1,516 1,667 1,869 Property 299 25 - Other* 1,695 1,560 1,737 *Includes property claims handled for our companion program. Group Highlights $416 $479 $355 $383 $444 2016 2013 2014 2015 2017 2016 15,385 2013 17,196 13,067 2014 2015 14,308 2017 16,155 $111 $130 $90 $102 $117 2016 2013 2014 2015 2017 2016 $176 2013 $201 2014 $162 2015 $170 2017 $185 Philanthropy, Volunteerism, Grantmaking - 6% Shelter, Nutrition, Employment - 7% Community Service - 23% Neighborhood Improvement & Social Action - 11% Animal & Environmental - 13% Art & Education - 30% Mental Health, Health-Related, Developmental Disabilities - 8% Other - 2% In 2017, the Group welcomed 2,062 new members, renewed 93 percent of its existing members, and ended the year with 17,196 members. Gross written premium for the Group totaled $129.6 million. At year’s end, the Group’s balance sheet showed total equity of $201.3 million, total assets of $479.1 million, and $12.2 million in net income before dividends of $1.9 million.