Dividends
Pathway Insurance Company generally operates on a five-year accounting cycle, meaning the Board of Directors will generally declare dividends for a single underwriting year beginning four to five years after an individual underwriting year has ended. The closing of any underwriting year is at the discretion of the Board of Directors. Each underwriting 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.