Welcome to Elite Distributors Insurance Company

 

Dear Shareholders:

I am pleased to present the Elite Distributors Insurance Company (EDIC) 2016 Annual Report. In this report, several members share their EDIC experiences. We have also included a list of all active members categorized by distributor type. Our member list reads like a Who’s Who of the top distributors in the country. EDIC continues to grow across many distributor types, e.g., electrical, building materials, HVAC, industrial, paper, and plumbing.

Our growth initiatives made 2016 a successful one.We added 8 new members representing $2 million in annual premium. As of June 1, 2017, EDIC’s annualized premium was approximately $43 million with 143 active member companies located throughout the United States.

We currently have members across 10 different marketing groups and continue to explore new group opportunities. EDIC’s goals align well with the entrepreneurial spirit of independent distributors and marketing groups that want to increase their buying power, bring control to their insurance programs, and reduce operating costs. Since EDIC’s beginning in 1991, we have distributed over $50 million in dividends to our members.

We also continue to expand our regional broker network to attract distributors that may not be affiliated with a marketing group.

In 2016, EDIC celebrated it’s 25th year of operation.We continue to see good growth while providing our members with continual improvements in risk control programs and services so our members can enjoy the many benefits of being in a captive.

Special thanks to our founding members and past leadership – many of whom were honored at our last meeting. These pioneers had the courage to take risks to afford us all the advantage EDIC offers today.

On behalf of our Executive Committee and the dedicated service partners who continue to support us, I would like to thank you for your commitment to EDIC. We look forward to another good year in 2017.

Sincerely,

John S. Cain, EDIC President
Wiseway Supply