Nonprofits Insurance Alliance - 2018 NIA Annual Report

In 2018, Nonprofits Insurance Alliance of California (NIAC) welcomed 897 new members, renewed 94 percent of its existing members, and ended the year with 9,933 members. Gross written premium for NIAC totaled $85.7 million. At year’s end, NIAC’s balance sheet showed total surplus of $152.7 million, total assets of $349.1 million, and $8.6 million in net income after dividends of $2.9 million. Members Surplus (in Millions) Assets (in Millions) Premiums (in Millions) 2018 2017 2016 (in millions) Gross written premium $85.7 $82.8 $72.3 Dividends to policyholders $2.9 $1.9 $1.9 Net income after dividends $8.6 $8.3 $7.3 Total assets $349.1 $311.2 $291.3 Cash and invested assets $250.5 $249.3 $231.6 Loss reserves (including loss adjusting expenses) $149.1 $113.0 $111.9 Total surplus $152.7 $151.5 $139.4 Policies in force 34,573 33,356 29,811 Reported claims General liability 488 539 449 Auto liability 681 868 967 Property 415 299 25 Other 1,227 1,415 1,371 A copy of NIAC’s complete audited financials can be found at www.insurancefornonprofits.org Members by County $291 $349 $258 $278 2018 2014 2015 2016 2017 $311 2017 9,282 2014 9,933 8,825 2015 2016 9,093 2018 9,566 2018 $83 2015 $62 $66 2016 2017 $72 2014 $86 2017 $139 2014 $153 $129 2015 2016 $133 2018 $152 Imperial, Riverside, San Bernardino & San Diego - 12% Los Angeles & Orange - 21% Kern, San Luis Obispo, Santa Barbara & Ventura - 8% Fresno, Inyo, Kings & Tulare - 3% Alameda, Contra Costa, San Francisco & San Mateo - 21% Marin, Napa, Solano & Sonoma - 8% Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo & Yuba - 10% Colusa, Glenn, Humboldt, Lake, Mendocino, Tehama & Trinity - 2% Butte, Del Norte, Lassen, Modoc, Plumas, Shasta & Siskiyou - 3% Monterey, San Benito, Santa Clara, Santa Cruz - 9% Calaveras, Madera, Mariposa, Merced, Mono, San Joaquin, Stanislaus & Tuolumne - 3% Highlights NIAC 2018 Results Results for California company 10 A Cooperative of Nonprofits, for Nonprofits.