Mission
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the state statute, Chapter 16 of Title 38.2 of the Code of Virginia.
Public Charity
VIRGINIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
VIRGINIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION, of Boston, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $8.0M in revenue, $8.6M in expenses, $152.1M in total assets.
EIN: 237270137
Boston, MA
Latest filing: 2024
Total Revenue$8.0M
Total Expenses$8.6M
Total Assets$152.1M
Grant Records0
Filing Years2018–2024
Where $100 goes at Virginia Property and Casualty Insurance Guaranty Association
How Virginia Property and Casualty Insurance Guaranty Association divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the state statute, Chapter 16 of Title 38.2 of the Code of…
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
representing Grange Insurance Company
Beth Murphy Vice Chair
representing Virginia Farm Bureau Mutual Ins Co
David Priddy Board Member
representing Continental Casualty Company
Douglas Morrissey Board Member
representing United States Fire Insurance Co
Joe Torti Board Member
representing Zurich American Ins. Co.
Michael Catina Board Member
representing Government Employees Ins Co
Samantha Freedman Board Member
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $8.0M | $8.6M | $152.1M |
| 2023 | $3.0M | $9.9M | $152.7M |
| 2022 | $3.1M | $8.0M | $159.6M |
| 2020 | $8.2M | $8.3M | $157.9M |
| 2018 | $15.2M | $11.8M | $144.9M |
Between 2018 and 2024, reported annual revenue declined from $15.2M to $8.0M (-48%), with total assets most recently reported at $152.1M.
Interactive year-over-year charts and full filing details available with membership.