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160 - Office of Insurance Commissioner

Last Updated: 04/07/2025

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
5,690 Underexpenditure
7.4% Underexpenditure

Planned vs. Actual Cumulative Expenditures - All Funds

Monthly Planned vs. Actual Expenditures - All Funds

Expenditure by Program

Program Estimate Actual Variance % Variance
Administration 17,554 18,435 (881) (5.0%)
Company Supervision 13,544 11,886 1,658 12.2%
Consumer Protection 31,428 28,911 2,517 8.0%
Rates And Forms 14,241 11,845 2,396 16.8%
Totals 76,767 71,077 5,690 7.4%

FTE

Program Estimate Actual Variance % Variance
Administration 60 60 0.40 0.70%
Company Supervision 56 49 7 12.1%
Consumer Protection 110 105 5 4.8%
Rates And Forms 60 50 10 16.8%
Totals 287 264 23 7.9%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund Federal 3,792 4,107 (315) (8.3%)
Other Funds Non-Appropriated 247 55 192 77.8%
Other Funds State 72,728 66,915 5,813 8.0%
Totals 76,767 71,077 5,690 7.4%

Revenue by Fund Group

Program Estimate Actual Variance % Variance
General Fund Federal 3,792 3,525 (267) (7.0%)
General Fund State 1,293,537 1,337,875 44,339 3.4%
Other Funds State 133,999 136,627 2,628 2.0%
Totals 1,431,328 1,478,027 46,700 3.3%

Revenue by Fund

Program Estimate Actual Variance % Variance
General Fund 1,297,329 1,341,400 44,071 3.4%
Industrial Insurance Premium Refund Account 6 6
Insurance Commissioners Regulatory Account 81,271 80,599 (672) (0.8%)
Health Benefit Exchange Account 48,471 51,888 3,417 7.1%
Insurance Commissioner's Fraud Account 4,257 4,134 (123) (2.9%)
Totals 1,431,328 1,478,027 46,699 3.3%

Deficit Fund Balance

Program BTD Balance Proj. Balance
Insurance Commissioners Regulatory Account 16,982 (9,738)
Insurance Commissioner's Fraud Account 835 (527)