Dividends
Dividends are a unique feature of pooling. Unlike traditional insurance companies, which retain unused premiums and investment income as profit, NIRMA is a nonprofit organization. This means unencumbered monies that remain available after the payment of claims and general operating expenses are returned to our member/owners, not outside investors and shareholders.
Since 1991, NIRMA has returned $10 million to our member counties.
| Month | Counties | Amount |
|---|---|---|
February 2008 | 70 | $788,448 |
February 2007 | 67 | $500,000 |
February 2006 | 72 | $1,000,000 |
February 2005 | 64 | $500,000 |
February 2004 | 52 | $500,481 |
February 2003 | 65 | $1,000,000 |
July 2002 | 56 | $400,000 |
February 2002 | 56 | $400,000 |
February 2001 | 56 | $1,000,000 |
February 2000 | 57 | $500,000 |
December 1999 | 62 | $1,000,000 |
February 1999 | 47 | $528,000 |
February 1998 | 47 | $420,000 |
May 1997 | 47 | $311,493 |
December 1996 | 57 | $264,998 |
February 1996 | 47 | $367,000 |
February 1994 | 46 | $392,398 |
August 1991 | 39 | $127,182* |
Total Returned | $10,000,000 |
* = NIRMA/NIRMA II returned $127,182 as credits against the forthcoming year’s premium in the form of retrospective premium adjustments.