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160 - Office of Insurance Commissioner

Last Updated: 01/07/2025

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
5,433 Underexpenditure
8.3% Underexpenditure

Planned vs. Actual Cumulative Expenditures - All Funds

Monthly Planned vs. Actual Expenditures - All Funds

Expenditure by Program

Program Estimate Actual Variance % Variance
Administration 15,232 15,373 (141) (0.9%)
Company Supervision 11,526 10,123 1,403 12.2%
Consumer Protection 26,577 24,470 2,107 7.9%
Rates And Forms 12,048 9,984 2,065 17.1%
Totals 65,383 59,950 5,434 8.3%

FTE

Program Estimate Actual Variance % Variance
Administration 60 59 1 2.0%
Company Supervision 56 49 7 12.3%
Consumer Protection 110 104 6 5.2%
Rates And Forms 60 50 10 17.1%
Totals 287 262 24 8.4%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund Federal 3,181 3,442 (261) (8.2%)
Other Funds Non-Appropriated 246 55 191 77.7%
Other Funds State 61,955 56,453 5,503 8.9%
Totals 65,382 59,950 5,433 8.3%

Revenue by Fund Group

Program Estimate Actual Variance % Variance
General Fund Federal 3,181 3,208 27 0.80%
General Fund State 1,067,355 1,095,658 28,303 2.7%
Other Funds State 123,560 125,449 1,889 1.5%
Totals 1,194,096 1,224,315 30,219 2.5%

Revenue by Fund

Program Estimate Actual Variance % Variance
General Fund 1,070,536 1,098,866 28,330 2.6%
Industrial Insurance Premium Refund Account 6 6
Insurance Commissioners Regulatory Account 81,271 80,584 (687) (0.8%)
Health Benefit Exchange Account 38,032 40,726 2,694 7.1%
Insurance Commissioner's Fraud Account 4,257 4,133 (124) (2.9%)
Totals 1,194,096 1,224,315 30,219 2.5%

Deficit Fund Balance

Program BTD Balance Proj. Balance
Insurance Commissioners Regulatory Account 26,896 (19,690)
Insurance Commissioner's Fraud Account 1,368 (1,056)