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160 - Office of Insurance Commissioner

Last Updated: 10/07/2024

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
5,283 Underexpenditure
9.8% Underexpenditure

Planned vs. Actual Cumulative Expenditures - All Funds

Monthly Planned vs. Actual Expenditures - All Funds

Expenditure by Program

Program Estimate Actual Variance % Variance
Administration 12,890 12,879 11 0.10%
Company Supervision 9,495 8,417 1,079 11.4%
Consumer Protection 21,713 19,221 2,492 11.5%
Rates And Forms 9,860 8,159 1,700 17.2%
Totals 53,958 48,676 5,282 9.8%

FTE

Program Estimate Actual Variance % Variance
Administration 60 58 2 2.8%
Company Supervision 57 50 7 11.9%
Consumer Protection 110 104 6 5.5%
Rates And Forms 60 50 10 17.2%
Totals 286 262 25 8.6%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund Federal 2,570 2,870 (300) (11.7%)
Other Funds Non-Appropriated 246 55 191 77.7%
Other Funds State 51,143 45,751 5,392 10.5%
Totals 53,959 48,676 5,283 9.8%

Revenue by Fund Group

Program Estimate Actual Variance % Variance
General Fund Federal 2,570 2,745 175 6.8%
General Fund State 866,757 894,788 28,031 3.2%
Other Funds State 116,216 117,843 1,627 1.4%
Totals 985,543 1,015,376 29,833 3.0%

Revenue by Fund

Program Estimate Actual Variance % Variance
General Fund 869,328 897,533 28,206 3.2%
Industrial Insurance Premium Refund Account 6 6
Insurance Commissioners Regulatory Account 81,271 80,708 (563) (0.7%)
Health Benefit Exchange Account 30,688 32,986 2,298 7.5%
Insurance Commissioner's Fraud Account 4,257 4,143 (114) (2.7%)
Totals 985,544 1,015,376 29,833 3.0%

Deficit Fund Balance

Program BTD Balance Proj. Balance
Insurance Commissioners Regulatory Account 37,097 (29,396)
Insurance Commissioner's Fraud Account 2,003 (1,477)