Summit Insurance, Ltd. (Summit) generally operates on a six-year accounting cycle, and the Board of Directors will endeavor to declare an interim distribution for a single underwriting year five 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 Distribution

Historically, shareholders with positive equity received in excess of $101,000,000 since inception. The ability to pay dividends arises in part from the continued strength of Summit members’ safety and claims administration programs. Dividends are paid on a formula basis that takes individual loss experience into account, not on a per share basis.