Despite mixed results, 2018 leaves the Pool in a strong financial position. We remain strategically stronger than our competitors in a number of aspects. Our surplus declined, leaving us shy of the Board of Directors’ goal, even after a $1 million offset from investment and other income. Despite this, the balance is more than adequate to serve a growing membership.
Hail continues to be an issue for the region and the uncertainty that climate change brings has the insurance industry reeling. Many news outlets have called Colorado the worst hail forecast in the world.
Employee injuries continue to outpace the national average. We have a lot of new and existing programs to help with safety. But the most successful effort will be one that starts with each individual member.
On the upside, members are buying more property, hiring more people, and running more operations. That means increased revenue as we cover these new operations and assets. More importantly, it means added services and benefit to all of Colorado.
Rather than concentrating on how numbers could have been better, let’s focus on making tomorrow’s results shine. Our goal is to ensure you succeed. That means a prosperous future for the whole state. For more information about our financials, or to review our Annual Report, visit csdpool.org/financials.
