A very strong 4th Quarter added to an already very good financial year in 2010. As a result, OAMIC’s 17th consecutive dividend was one of the largest paid. The 2010 dividend of $1,894,948 represented 27% of the earned premium on policies with limits up to 1Mil/1Mil and equated to 93% of the net income before taxes.
Sharing the financial results with the Company’s policyholders/owners is a unique opportunity and certainly a major goal each year.
Posted on
Tue, April 5, 2011
by Phil Fraim
filed under