2007 marks the fourteenth year of operations for Summit Insurance Ltd. From the inaugural two businesses that formed Summit in September 1994, Summit has grown to over 50 member companies located throughout the United States. The growth achieved to date reflects a commitment from the diverse membership to proactively chart its future in cost stabilization.
Throughout this website, you will find information on the member companies and the structural integrity of the captive. One of the greatest strengths of Summit is the active involvement of the membership in the prevention of claims.
Financially, our fiscal year ended January 31, 2007. We continue to show strong growth and profitability. Premium for the twelve months totaled $31,124,898. Total assets exceeded $68,000,000. Summit’s premium to surplus ratio is a very impressive $.52 to $1.00, which further highlights our financial strength as compared to industry standards.
On behalf of the Executive Committee of Summit and the dedicated service partners who continue to support us, I would like to thank you for your contributions over the years. Together, through Summit, we have taken control of our insurance destiny and look forward to the road that lies ahead.
Sincerely,
Ed Keis, President