CAMICO Reports Gains in Written Premium, Total Assets

Business Wire

Details Released in 2022 Operations Report

SAN MATEO, Calif.--(BUSINESS WIRE)--
CAMICO, the nation’s largest CPA-owned and directed program of insurance and risk management for the accounting profession, posted total gross written premiums of more than $67 million for the year ended December 31, 2022, up from $65 million reported in 2021.

CAMICO also posted an increase in total assets, including a $1.3 million increase from 2021 in total cash and invested assets. Policyholder retention for the company remained high in 2022, with a rate of 93.5% for the entire CAMICO program.

The company’s results are detailed in its 2022 Operations Report, which has been posted online at www.camico.com along with 2022 financial statements.

“CAMICO’s financial strength and high retention rate are achieved through its valuable partnerships and consistent performance in serving as risk partners to our policyholders through high-touch service and top-quality products,” said Andrew M. Eassa, CPA, CAMICO Chairman of the Board. “The 2022 year was successful for CAMICO in assuring the continued security and success of our policyholders as we continue to adjust our products and services to meet the needs of the CPA today and of the next generation.”

About CAMICO

CAMICO delivers insurance, risk management and related services to more than 8,700 CPA firms and 50,000 staff members in all 50 states and the District of Columbia. Founded in 1986, CAMICO is endorsed by state CPA societies and associations in Alaska, Arizona, California, Colorado, Greater Washington D.C., Idaho, Indiana, Kansas, Mississippi, Missouri, Nevada, New Jersey, New York, Oregon, Tennessee, Utah, Virginia, and Washington. CAMICO provides Professional Liability Insurance, Employment Practices Liability Insurance, and other insurance products needed by CPA firms.