Churchill Casualty Ltd. operates on a five year accounting cycle, and the Board of Directors will endeavor to declare a dividend distribution for a single underwriting year three years after the underwriting year has ended. Each policy year’s results stand alone and are divided within the company’s equity statements for illustrative purposes. Every member’s equity position for each underwriting year is shown in detail by member number.
Historical Dividend Distribution
Historically, shareholders with positive equity have receieved over $141,000,000 in dividends since the inception of Churchill Casualty, Ltd. As of August 31, 2016 dividends exceeding $18,000,000 have been declared during the current fiscal year. The dividends have and will continue to be declared based on the continued strength of Churchill Casualty Ltd. members’ safety and claims administration programs.