Public Charity

NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION

Based in RALEIGH, NC, NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION operates as a Public Charity. The organization reported $289.6M in revenue, $207.1M in expenses, $333.9M in total assets for fiscal year 2025.

EIN: 561222676 RALEIGH, NC Latest filing: 2025

Total Revenue$289.6M

Total Expenses$207.1M

Total Assets$333.9M

Grant Records0

Filing Years2021–2025

Mission

IN 1969, THE NORTH CAROLINA GENERAL ASSEMBLY ESTABLISHED THE ASSOCIATION AS A MARKET OF LAST RESORT TO PROVIDE PROPERTY INSURANCE FOR INDIVIDUALS AND BUSINESSES WHO ARE UNABLE TO BUY IT IN THE STANDARD INSURANCE MARKET. ALL PROPERTY AND CASUALTY INSURANCE COMPANIES DOING BUSINESS IN NORTH CAROLINA ARE REQUIRED BY STATUTE TO PARTICIPATE IN FUNDING THE OPERATIONS OF THE ASSOCIATION, AND THEY SHARE IN ITS LOSSES ON PRO RATA BASIS. THE ASSOCIATION IS NOT AN AGENCY OF THE STATE GOVERNMENT, BUT ITS REGULATED BY THE NORTH CAROLINA COMMISSIONER OF INSURANCE.

Where $100 goes at North Carolina Joint Underwriting Association

How North Carolina Joint Underwriting Association divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$100 Programs the work itself

<$1 Management running the organization

$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100

Conduct business by providing property insurance to individuals and businesses who were unable to buy it in the standard market

All program spending

Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Alex Garate

CHAIR (TO NOV '25)/BOARD MEMBER Allen Houck

CHIEF OPERATING OFFICER Alvin Ashworth

BOARD MEMBER Brad Lovin

CHIEF EXECUTIVE OFFICER Dianne Hardy

CHAIR Eric Hammons

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2025	$289.6M	$207.1M	$333.9M
2024	$232.8M	$234.1M	$226.5M
2023	$165.5M	$158.2M	$177.6M
2022	$130.6M	$134.2M	$138.4M
2021	$111.3M	$109.9M	$120.2M

Between 2021 and 2025, reported annual revenue grew from $111.3M to $289.6M (+160%), with total assets most recently reported at $333.9M.

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

See the full picture for NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION

Complete financials, all 0 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports