Public Charity

WORKERS' COMPENSATION REINSURANCE ASSOCIATION

WORKERS' COMPENSATION REINSURANCE ASSOCIATION is a Public Charity headquartered in ST PAUL, MN. Financial data from the 2024 filing: $260.6M revenue, $-6.5M expenses, $3.8B total assets.

EIN: 411357750 ST PAUL, MN Latest filing: 2024
Total Revenue$260.6M
Total Expenses$-6.5M
Total Assets$3.8B
Grant Records0
Filing Years2019–2024

Mission

THE WCRA ENSURES THE AVAILABILITY OF LONGTERM REINSURANCE PROTECTION FOR SERIOUS MINNESOTA WORKERS' COMPENSATION CLAIMS. OUR STAFF OF INNOVATIVE PROFESSIONALS IS DEDICATED TO ACHIEVING THE HIGHEST STANDARD OF EXCELLENCE THROUGH STABLE AND REASONABLE RATES, EXPERT CLAIMS ADMINISTRATION, FINANCIAL STABILITY, AND INFORMATIONAL SERVICES.

Officers & Directors

VP & ACTUARY Alison Khan
DIRECTOR Allison Waggoner
VP OF OPERATIONS/CORP SECRETRY Cynthia Smith
DIRECTOR Daniel Greensweig
VP IT & SECURITY OFFICER Daniel Lovhaug
VP & CFO TREASURER Dave Mckee

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $260.6M $-6.5M $3.8B
2023 $188.2M $49.2M $3.5B
2022 $321.3M $53.9M $3.0B
2020 $279.5M $9.8M $3.6B
2019 $186.8M $62.7M $3.1B

Between 2019 and 2024, reported annual revenue grew from $186.8M to $260.6M (+39%), with total assets most recently reported at $3.8B.

Interactive year-over-year charts and full filing details available with membership.

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