California’s State Compensation Insurance Fund on Thursday announced it will distribute about $55 million in dividends to qualifying policyholders with policies in effect between Jan. 1, 2021, and Dec. 31, 2021.
This dividend equals approximately 5% of the estimated annual premium reported during that period, the carrier said.
State Fund reported about $1.1 billion in estimated annual premium in 2021 and about $159 million in realized capital gains.
“Due to the significant capital gains we realized in our equity portfolio, and our strong financial position, we are able to return...
Comments