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 nearly $20 million to our members.  With the October 2015 dividend, it marked the 20th consecutive year and the 27th time since 1991 a financial return has been made to eligible members.

MonthMembersAmount
October 201785$1,250,000
October 201685$1,000,000
October 201585$1,000,000
December 201483$398,827
October 201484$600,000
October 201382$1,117,328
October 201280$640,156
December 201178$393,864
October 201179$600,000
August 201077$750,000
February 200976$1,498,652
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
 
$19,248,827

* = NIRMA/NIRMA II returned $127,182 as credits against the forthcoming year’s premium in the form of retrospective premium adjustments.