Based in BASKING RIDGE, NJ, NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION operates as a Public Charity. The organization reported $88.6M in revenue, $90.7M in expenses, $300.8M in total assets for fiscal year 2024.
NJPLIGA WAS CREATED BY NJSA 17:30A-1 ET SEQ. THE STATUTE ESTABLISHES A MECHANISM FOR THE PAYMENT OF "COVERED CLAIMS" OF INSOLVENT INSURANCE COMPANIES. NJPLIGA IS FUNDED THROUGH MEMBER COMPANY ASSESSMENTS. THE STATUTE REQUIRES ALL INSURANCE COMPANIES LICENSED IN THE STATE OF NEW JERSEY WHICH WRITE ANY KIND OF INSURANCE TO WHICH THE NEW JERSEY PROPERTY-LIABILITY INSURANCE GUARANTY ASSOCIATION ACT APPLIES, TO BE MEMBERS OF NJPLIGA.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $88.6M | $90.7M | $300.8M |
| 2023 | $126.3M | $97.0M | $303.2M |
| 2022 | $101.9M | $98.4M | $273.6M |
| 2020 | $115.1M | $108.4M | $256.0M |
| 2019 | $128.6M | $131.3M | $251.0M |
Between 2019 and 2024, reported annual revenue declined from $128.6M to $88.6M (-31%), with total assets most recently reported at $300.8M.
Interactive year-over-year charts and full filing details available with membership.
