NAIC Did Fine in 2019. But…
April 22, 2020 by Allison Bell
The National Association of Insurance Commissioners is reporting an increase in revenue and assets for 2019, as pressing concerns about the COVID-19 pandemic push fond memories of 2019 further into obscurity.
The Kansas City, Missouri-based, nonprofit state insurance regulator group is reporting an $18 million change in net assets without donor restrictions for 2019 on $113 million in revenue, up from a $2.9 million in net assets without donor restrictions on $106 million in revenue for 2018.
Education and training revenue fell to $678,392, from $749,045, but all other forms of revenue showed growth.
The biggest source of revenue, database fees, increased to $31 million, from $30 million.
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Originally Posted at ThinkAdvisor on April 20, 2020 by Allison Bell.
Categories: Industry Articles
