Public Charity

NORTH CAROLINA RATE BUREAU

Based in RALEIGH, NC, NORTH CAROLINA RATE BUREAU operates as a Public Charity. The organization reported $20.7M in revenue, $19.4M in expenses, $4.5M in total assets for fiscal year 2024.

EIN: 561179542 RALEIGH, NC Latest filing: 2024

Total Revenue$20.7M

Total Expenses$19.4M

Total Assets$4.5M

Grant Records0

Filing Years2019–2024

Mission

THE BUREAU WAS ESTABLISHED UNDER ARTICLE 36, CHAPTER 58, NC GENERAL STATUTES. THE PURPOSE OF THE NORTH CAROLINA RATE BUREAU IS TO ADMINISTER PROPERTY AND CASUALTY RATES FOR THE INSURANCE INDUSTRY IN NORTH CAROLINA. THE BUREAU MAINTAINS RULES AND REGULATIONS AND ESTABLISHES PREMIUM RATES FOR MOTOR VEHICLE, WORKERS' COMPENSATION AND PROPERTY INSURANCE. THE BUREAU ALSO ENSURES THE AVAILABILITY OF WORKERS' COMPENSATION INSURANCE TO ANY ELIGIBLE RISK IN NORTH CAROLINA BY ASSIGNING THE RISKS TO MEMBERS ON AN EQUITABLE BASIS.ALL EXPENSES ARE RELATED TO THOSE FUNCTIONS. THE NC RATE BUREAU RECEIVES NO GRANTS AND ALL EXPENSES ARE BORNE BY ITS MEMBER INSURANCE COMPANIES IN PROPORTION TO WRITTEN PREMIUMS.

Officers & Directors

DIRECTOR, PERSONAL LINES Andy Montano

CHIEF FINANCIAL OFFICER Edith Davis

DIRECTOR, IT SERVICES & DATA Frank Lonnett

CHIEF OPERATING OFFICER Jarred Chappell

GENERAL MANAGER Joanna Biliouris

DIRECTOR, SOFTWARE DEVELOPMENT Laura Lee Longest

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2024	$20.7M	$19.4M	$4.5M
2023	$19.1M	$20.0M	$3.3M
2022	$18.3M	$18.0M	$4.3M
2020	$17.4M	$17.3M	$4.7M
2019	$19.6M	$17.9M	$4.6M

Between 2019 and 2024, reported annual revenue grew from $19.6M to $20.7M (+5%), with total assets most recently reported at $4.5M.

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

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