CIRCA Operating Results

CIRCA operating results as of year-end 2021 are as follows:

  • Net Income (after tax) of $2.59M

  • Investment Income of $1.93M on a managed book of $38.7 Million

  • Cumulative Loss and Allocated Loss Expense Ratio of 62%

    • Expense ratio of less than 12%

  • Historical CIRCA Combined Ratio of 87% vs. Industry Combined Ratio of 94%

  • Dividends of $2.9 Million declared in 2021

CIRCA’s historical loss and dividend distribution is as follows:

 

Dividends

Since 2010, CIRCA has paid approximately $22.9 Million in shareholder dividends.