Based in Portland, ME, Maine Guaranteed Access Reinsurance Association operates as a Public Charity. The organization reported $79.8M in revenue, $61.1M in expenses, $87.0M in total assets for fiscal year 2024.
To operate the reinsurance program described in the Enabling Act in such manner as to maximize the impact of the Association in lowering the cost of health insurance in Maine's individual market; and to do so without jeopardizing the solvency of the Association.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $79.8M | $61.1M | $87.0M |
| 2023 | $94.9M | $122.9M | $98.6M |
| 2022 | $74.9M | $94.0M | $108.6M |
| 2020 | $97.0M | $70.3M | $86.0M |
| 2019 | $131.6M | $106.4M | $69.5M |
Between 2019 and 2024, reported annual revenue declined from $131.6M to $79.8M (-39%), with total assets most recently reported at $87.0M.
Interactive year-over-year charts and full filing details available with membership.
