CAMICO Posts Gain in Policyholders’ Surplus

b'CAMICO ( www.camico.com ), the nation\xe2\x80\x99s largest CPA-owned and directed program of insurance and risk management for the accounting profession, posted total policyholders\xe2\x80\x99 surplus of more than $45 million for the year ended December 31, 2020, up from $43.5 million posted for 2019.\nCAMICO\xe2\x80\x99s policyholder retention rate for 2020 was 94 percent, consistent with the company\xe2\x80\x99s historical retention rate, and CAMICO continues to maintain key financial ratios at historically high levels.\nThe company\xe2\x80\x99s results are detailed in its 2020 Operations Report , which has been posted online at www.camico.com along with 2020 financial statements.\n\xe2\x80\x9cThe significant challenges of 2020 have served to further sharpen our focus on the CPA profession,\xe2\x80\x9d said Andrew M. Eassa, CPA, CVA, CAMICO chairman of the board.