Based in BATON ROUGE, LA, LOUISIANA INSURANCE GUARANTY ASSOCIATION operates as a Public Charity. The organization reported $222.9M in revenue, $221.0M in expenses, $383.7M in total assets for fiscal year 2024.
LIGA IS AN ORGANIZATION CREATED BY THE INSURANCE GUARANTY ACT (LA. R.S. 1375-1394) TO PAY FOR THE CLAIMS OF INSOLVENT MEMBER INSURANCE COMPANIES. FUNDS ARE PROVIDED FOR THE PAYMENT OF THE CLAIMS BY THE ASSESSMENT OF THE REMAINING MEMBER INSURANCE COMPANIES. ALL ADMITTED INSURANCE COMPANIES DOING BUSINESS IN LOUISIANA ARE REQUIRED TO BE MEMBERS OF THE ASSOCIATION (EXCLUDING CERTAIN LINES OF BUSINESS EXCLUDED BY STATUTE).
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $222.9M | $221.0M | $383.7M |
| 2023 | $213.4M | $339.9M | $381.8M |
| 2022 | $286.8M | $462.5M | $508.4M |
| 2020 | $10.3M | $8.7M | $147.8M |
| 2019 | $8.1M | $10.2M | $146.3M |
Between 2019 and 2024, reported annual revenue grew from $8.1M to $222.9M (+2660%), with total assets most recently reported at $383.7M.
Interactive year-over-year charts and full filing details available with membership.
