MAC Casualty Ltd. operates on a five year accounting cycle, and the Board of Directors will endeavor to declare a dividend distribution for a single underwriting year three 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

Historically, shareholders with positive equity received over $31,600,000 in dividends since the inception of MAC Casualty Ltd. and dividends exceeding $4.6 million had been declared during the fiscal year ending February 28,2017. The dividends have and will continue to be declared based on the continued strength of MAC Casualty Ltd. members’ safety and claims administration programs.