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160 - Office of Insurance Commissioner

Last Updated: 04/04/2024

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
3,630 Underexpenditure
11.9% Underexpenditure

Planned vs. Actual Cumulative Expenditures - All Funds

Monthly Planned vs. Actual Expenditures - All Funds

Expenditure by Program

Program Estimate Actual Variance % Variance
Administration 7,590 6,860 730 9.6%
Company Supervision 5,411 4,900 511 9.4%
Consumer Protection 11,952 10,679 1,273 10.7%
Rates And Forms 5,565 4,449 1,117 20.1%
Totals 30,518 26,888 3,631 11.9%

FTE

Program Estimate Actual Variance % Variance
Administration 60 57 3 4.7%
Company Supervision 56 51 6 10.3%
Consumer Protection 101 102 (1) (1.3%)
Rates And Forms 59 48 12 19.6%
Totals 277 258 19 6.8%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund Federal 1,403 1,720 (316) (22.6%)
Other Funds Non-Appropriated 243 11 232 95.5%
Other Funds State 28,872 25,157 3,715 12.9%
Totals 30,518 26,888 3,631 11.9%

Revenue by Fund Group

Program Estimate Actual Variance % Variance
General Fund Federal 1,403 1,105 (298) (21.2%)
General Fund State 395,058 439,714 44,657 11.3%
Other Funds State 54,148 54,840 692 1.3%
Totals 450,609 495,659 45,051 10.0%

Revenue by Fund

Program Estimate Actual Variance % Variance
General Fund 396,461 440,820 44,359 11.2%
Insurance Commissioners Regulatory Account 38,774 39,457 683 1.8%
Health Benefit Exchange Account 13,230 13,242 13 0.10%
Insurance Commissioner's Fraud Account 2,144 2,140 (4) (0.2%)
Totals 450,609 495,659 45,051 10.0%