Mission
TO PROTECT MICHIGAN POLICYHOLDERS IN THE EVENT OF IMPAIRMENT OR INSOLVENCY OF A MEMBER INSURANCE COMPANY AND TO GUARANTEE PAYMENTS OF BENEFITS AND CONTINUATION OF COVERAGE, SUBJECT TO LIMITS.
Based in HASLETT, MI, MICHIGAN LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION operates as a Public Charity. The organization reported $94.9M in revenue, $4.1M in expenses, $102.2M in total assets for fiscal year 2024.
TO PROTECT MICHIGAN POLICYHOLDERS IN THE EVENT OF IMPAIRMENT OR INSOLVENCY OF A MEMBER INSURANCE COMPANY AND TO GUARANTEE PAYMENTS OF BENEFITS AND CONTINUATION OF COVERAGE, SUBJECT TO LIMITS.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $94.9M | $4.1M | $102.2M |
| 2023 | $2.6M | $1.1M | $11.4M |
| 2022 | $105K | $691K | $9.9M |
| 2021 | $1.5M | $630K | $10.5M |
| 2020 | $4.5M | $729K | $9.7M |
Between 2020 and 2024, reported annual revenue grew from $4.5M to $94.9M (+2006%), with total assets most recently reported at $102.2M.
Interactive year-over-year charts and full filing details available with membership.