Distribution Announcement

At its December 12, 2024, meeting, NEIL’s Board of Directors approved a Policyholder Distribution of $225 million, with $191.25 million being allocated based on each Member’s Policyholder Insurance Record and $33.75 million being allocated based on the Members’ Earned Premium Ratio.  Policyholder Distributions are an important element of NEIL’s Financial Vision to maintain sufficient financial strength while sharing financial returns with the Membership.  This year’s Distribution reflects NEIL’s commitment to delivering targeted and sustainable financial returns to the Members, balancing the strong investment returns during the year against the challenging underwriting performance.  This year’s distribution results in a three-year cumulative distribution amount of $675 million.

Given a forecasted year-end Policyholders’ Surplus of $4.1 billion (post-Distribution), NEIL’s Leadership supported the declaration of the Distribution and remains committed to the Company’s goal of financial return sustainability while meeting Surplus targets.  As in previous years, the Board’s approval of the Distribution is subject to there being no material adverse events. 

Policyholder Distributions will be paid directly to Members on March 21, 2025.