At their May board meeting, the GSRMA Board analyzed GSRMA’s 24/25 Actuarial studies for both the General Liability and Workers’ Compensation programs. They then applied the current funding levels of the pool against the Capital Target Reserve policy to determine if there were funds available for a dividend. Based on the Board policy and funds available the Board voted to declare a dividend in both programs. The Board set the dividend at $150,000 each for the two programs which was applied as a credit against members’ 24/25 contributions. The dividend amount is based on a member’s percentage of the total contribution (5 years for WC, 10 years for GL) collected by GSRMA as of 7/1/2023. GSRMA continues to be funded above the 90% confidence level (extremely strong). This dividend marks the Board’s continued philosophy to give back excess funds to the membership to help keep rates/contributions down. Given the extreme turmoil, especially in the liability markets, worldwide this is an excellent result that all GSRMA members should be proud of.