ANNUAL AUDIT INFO FOR THE KANSAS SELF-
AS PROVIDED BY THE KANSAS INSURANCE DEPARTMENT THROUGH AN OPEN RECORDS
COMPLETE COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO KAIA MEMBERS AS A FREE SERVICE
Annually, KAIA publishes this comparison of financial information of Kansas self-insured pools based on the audited financial information they provide to the Kansas Insurance Department.
PRIVATE RISK POOLS
Kansas Builders Insurance Group
KS Association of Homes for the Aging
Kansas Auto Dealers Work Comp
Kansas Restaurant & Hospitality
Kansas Employers WC( unaudited)
REVENUES YEAR END 12 / 31 / 2024 3 / 31 / 2025 12 / 31 / 2024 12 / 31 / 2024 12 / 31 / 2024 Premiums earned $ 9,484,538 $ 2,462,756 $ 3,223,892 $ 2,310,695 $- Investment income 780,343 365,469 474,505 286,292 55 Realized capital gain( loss) Other income 230,661( 2,041)
EXPENSES
Total Revenues 10,495,542 2,828,225 3,698,397 2,594,946 55
Incurred losses / wc claims 6,574,274 2,059,671 1,197,381 1,636,457 1,204 Claims adjustment 307,151- Claims management fees 274,030 Administration 810,846 239,955 13,205 Agent commissions 996,867 Premium taxes 238,676 53,977 Insurance taxes Excess insurance prem. 865,549 244,282 257,035 203,401 Other underwriting exp. 205,152 850,422 Other expenses 2,063,751 77,862
Total Expenses 10,739,117 3,421,950 2,227,530 2,768,142 14,409 Net income( loss) pre dividends & tax( 243,575)( 593,725) 1,470,867( 173,196)( 14,354) Dividends Paid Members( 243,575) 349,999 1,100,000 Net Income before tax-( 943,724) 370,867( 173,196)( 14,354) Provisions for income tax 94,600( 39,212)
NET INCOME( LOSS)-( 943,724) 276,267( 133,984)( 14,354) Change in nonad. assets( 14,826)( 124,624) 55,369 Change in net deferred inc. tax- 11,400 Change in net investments( 250,850) 486,245 28,171 72,060
Ext. Amounts of Taxes for prior years 1
Other surplus adjustments 265,676 FUND BALANCE beginning yr- 6,844,220 3,624,485 3,722,760( 288,706)
FUND BALANCE end yr $- $ 6,262,117 $ 3,940,323 $ 3,716,205 $( 303,059)
12 KANSAS INSURANCE AGENT & BROKER