2018 was another good year for TLIE and its insureds. Based on a substantial decline in claims made against TLIE insureds, financial results in recent years have been extraordinary and produced record high gains and policyholder distributions. This year marked a return to normalcy with claims against TLIE insureds clearly on the rise. However, TLIE’s insureds still produced a strong underwriting gain for the year. In recognition of that success, the Board of Directors declared TLIE’s 22nd consecutive policyholder distribution for 2018 in the amount of $3,000,000. TLIE has now returned a total of $54,300,000 to insureds since 1997.