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.