NEIL Board of Directors Approves a Policyholders Distribution for 2025

At its December 11, 2025, meeting, NEIL’s Board of Directors approved a Policyholder Distribution of $600 million, with $510 million being allocated based on each Member’s Policyholder Insurance Record and $90 million being allocated based on the Members’ Earned Premium Ratio.  Policyholder Distributions are an important element of NEIL’s value proposition to maintain sufficient financial strength while sharing financial returns with the Membership.  This year’s Distribution reflects NEIL’s commitment to delivering prudent and sustainable financial returns to the Members, while balancing investment returns and underwriting performance, and results in a three-year cumulative distribution amount of $1.125 billion.

Given a forecasted year-end Policyholders’ Surplus of $4.2 billion (post-Distribution), NEIL’s Leadership supported the declaration of the Distribution and remains committed to the Company’s goal of financial return sustainability while meeting Surplus targets.  As in previous years, the Board’s approval of the Distribution is subject to there being no material adverse events. 

Policyholder Distributions will be paid directly to Members on March 20, 2026.