| SPECIAL REPORT |
ANNUAL AUDIT OF KANSAS
SELF-INSURANCE POOLS
A
nnually, KAIA publishes a comparison of financial information of Kansas self-insured pools based on the audited
financial statements of the pools submitted to the Kansas Department of Insurance.
The audited financial statements are obtained by the KAIA through a Kansas Open Records request to the
Department. This information is then provided to the accounting firm of Mize Houser & Company that prepares the
comparison below. Complete copies of the audited financial statements obtained by the KAIA are available to members of
the KAIA as a free service.
PRIVATE POOLS
REVENUES:
Premiums earned
Investment income
Realized capital gain (loss)
Other income
Kansas Building
Industry Workers'
Compensation
Fund Kansas
Association of
Homes for the
Aging Insurance
Group, Inc. Kansas
Automobile
Dealers Workers'
Compensation
Fund Kansas Restaurant
and Hospitality
Association self
Insurance Fund, Inc. Kansas Livestock
Association Risk
Management
Services, Inc.
12/31/2018 3/31/2018 12/31/2018 12/31/2018 12/31/2018
$
9,305,961
568,430
$
2,817,360
267,648
$
2,716,931
276,809
$
121,251
Total Revenues
EXPENSES:
Incurred lossess/workers compensation claims
Claims adjustment
Claims management fees
Administration
Agent commissions
Premium taxes
Insurance taxes
Excess insurance premiums
Other underwriting expenses
Other expenses
2,350,686
472,097
$
3,731,728
133,980
$
KHA Workers'
Comepnsation
Fund Medicalodges
Affiliates Workers'
Compensation
Self-Insurance
Pool Kansas Truckers
Risk
Management
Group, Inc. Trust
12/31/2018 10/31/2017 12/31/2018
3,647,404
538,991 7
$
5,228,390
129,183
7 5,357,573
18,966
-
9,995,642 3,085,008 2,993,740 2,841,749 3,865,708 4,186,395
5,518,861 677,542
222,401 836,364 908,411 1,905,268 1,980,153
806,925
659,846
202,182
744,854
230,939
246,820 600,911
43,616 79,206
2,052,780
292,966
560
1,574,284
173,474 196,706
162,327 132,317
801,489
34,733 355,586 8,726,409 1,880,342 1,716,772 1,876,950 2,998,753 3,469,418 560 4,949,403
1,269,233
300,000 1,204,666
300,002 1,276,968
1,230,000 964,799 866,955
1,261,869 716,977
500,000 (553) 408,170
Net income (loss) before income taxes
Provisions for income tax expense (benefit) 969,233
335,803 904,664
- 46,968
30,500 964,799
204,352 (394,914)
(54,739) 216,977
48,807 (553) 408,170
87,298
Net Income (Loss) 633,430 904,664 16,468 760,447 (340,175) 168,170 (553) 320,872
61,225 14,257 57,698
1,600,666
Total Expenses
Net income (loss) before dividends and income taxes
Dividends paid to members
Change in nonadmitted assets
Change in provisions for reinsurance
Change in net deferred income tax
Refund of contributions
Change in net unrealized gains (losses) on investments
Prepaid expenses/premium assessments
Extraordinary amounts of taxes for prior years
Prior period adjustment
Fund balance transfer
Members' fund balance, beginning of year
Members' fund balance, end of year
10
(61,079)
(18,114)
194,206
$
404,849
1,084,416
57,782
77,875 6,521
(569,946) 243,751 (25,705) (375,668) (149,920) (440,630)
8,169,360 4,502,692 2,736,058 3,185,620 2,428,337 -
3,547,814
8,365,971
(4,900)
$
5,632,993
$
2,721,921
$
3,631,624
1,029,373
$
2,030,374
$
3,339,573
(171,955)
(8,697)
$
(9,250)
1,008,097
$
1,157,014