NORTH CAROLINA INSURANCE GUARANTY ASSOCI is a Public Charity headquartered in RALEIGH, NC. Financial data from the 2024 filing: $16.0M revenue, $24.3M expenses, $123.3M total assets.
THE PURPOSE OF THE NORTH CAROLINA INSURANCE GUARANTY ASSOCIATION IS TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT, AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OF POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE LOSS OF SUCH PROTECTION AMONG INSURERS.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $16.0M | $24.3M | $123.3M |
| 2023 | $31.5M | $16.5M | $131.6M |
| 2022 | $25.3M | $29.2M | $116.6M |
| 2020 | $28.0M | $19.4M | $110.8M |
| 2019 | $18.9M | $21.3M | $102.2M |
Between 2019 and 2024, reported annual revenue declined from $18.9M to $16.0M (-15%), with total assets most recently reported at $123.3M.
Interactive year-over-year charts and full filing details available with membership.
