Dividends

Affinity operates on a four-year accounting cycle, and the Board of Directors will endeavor to declare a dividends distribution for a single underwriting year four 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
Shareholders with positive equity in the first ten underwriting years of Affinity have now received dividends on those years. In the fiscal year ending June 30th, 2008, over $15.3 million of dividends were declared. The dividends have and will continue to be declared based on the continued strength of Affinity members’ safety and claims administration programs.

 
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