KIA&B Nov/Dec 2022 | Page 16

PUBLIC ENTITY RISK POOLS
INDUSTRY ANALYSIS
PUBLIC ENTITY RISK POOLS
Kansas County Association Multi
KS Association of School Board WC
KS Eastern Region Trust
Kansas Muni . Trust
Midwest Public Risk
KS Workers Risk Co-op
REVENUES
YEAR END
12 / 31 / 21
6 / 30 / 21
12 / 31 / 21
12 / 31 / 21
6 / 30 / 21
12 / 31 / 21
Premiums earned
$ 10,366,431
$ 4,519,983
$ 3,141,224
$ 5,405,473
$ 8,912,991
$ 5,511,064
79,705,734
Investment income
1,078,588
380,937
91,393
296,507
197,962
1,165,968
5,829,569
Realized capital gain ( loss )
332,045
330,081
Other income
372,812
4,198,978
Total Revenues
11,817,831
4,900,920
3,232,617
5,701,980
9,442,998
6,677,032
90,064,362
EXPENSES Incurred losses / wc claims
4,896,136
3,880,037
1,749,213
1,430,329
4,762,274
3,821,029
35,428,335
Claims adjustment
451,471
146,402
1,071,055
2,373,767
Claims management fees
232,000
529,082
Administration
1,533,896
549,485
429,916
1,111,418
310,970
1,262,043
11,332,980
Agent commissions
931,409
Premium taxes
83,116
38,202
73,273
455,599
Insurance taxes
28,352
( 66,035 )
( 37,683 )
Excess insurance prem .
2,054,783
389,580
350,985
574,860
1,818,327
707,502
17,499,065
Other underwriting exp .
673,839
2,449,663
Other expenses
514,045
26,920
2,912,145
Total Expenses
9,019,402
4,857,304
3,072,511
3,263,009
8,736,658
5,956,539
73,874,362
Net income ( loss ) pre dividends & tax
2,798,429
43,616
160,106
2,438,971
706,340
720,493
16,190,000
Dividends Paid Members
4,286,556
Net Income before tax
2,798,429
43,616
160,106
2,438,971
706,340
720,493
11,903,444
Provisions for income tax
537,986
NET INCOME ( LOSS )
2,798,429
43,616
160,106
2,438,971
706,340
720,493
11,406,276
Change in nonad . assets
38,217
70,755
( 25,474 )
3,253
162,534
83,371
Change in reins . provisions Change in net deferred inc . tax
( 263,120 )
Refund of contributions
-
Change in net investments
( 309,536 )
21,939
( 239,561 )
1,409,970
Prepaid exp ./ prem . assess .
-
Extraordinary taxes prior
( 1 )
Prior period adjustment
-
Fund balance transfer
-
-
FUND BALANCE beginning yr
16,745,760
13,828,856
6,401,782
6,667,682
3,002,007
18,286,487
97,408,234
FUND BALANCE end yr
$ 19,234,653
$ 13,910,689
$ 6,632,643
$ 9,081,179
$ 3,733,539
$ 18,929,953
$ 110,044,730
Totals
Contact KAIA at 785.232.0561 or https :// members . kaia . com / contact with any questions on this Pool information or to request a copy of the unaudited financials .
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