Contact KAIA at 785.232.0561 or visit https:// members. kaia. com / contact with any questions on this Pool information or to request a copy of the unaudited financials. •
INDUSTRY DATA
ANNUAL AUDIT INFO
... CONTINUED
COMPLETE COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO KAIA MEMBERS AS A FREE SERVICE
PUBLIC ENTITY RISK POOLS
Kansas County Assoc. Multiline Pool
KS Association of School Board WC
KS Eastern Region Ins, Trust
Kansas Municipal Ins. Trust
Midwest Public Risk of KS
KS Workers Risk Co-op for Counties
REVENUES YEAR END 12 / 31 / 2024 6 / 30 / 2024 12 / 31 / 2024 12 / 31 / 2024 6 / 30 / 2024 12 / 31 / 2024 Totals Premiums earned $ 17,991,206 $ 6,206,645 $ 3,424,599 $ 5,921,641 $ 12,163,403 $ 7,606,636 111,185,150 Investment income 1,132,703 559,537 451,378 662,495 410,549 910,969 7,544,661 Realized capital gain( loss) 179,322 178,449 Other income 3,012,381 10,863,825
EXPENSES
Total Revenues 22,136,290 6,766,182 3,875,977 6,584,136 12,753,274 8,517,605 129,772,085
Incurred losses / wc claims 11,870,079 5,482,062 1,583,715 2,880,459 6,889,745 5,522,564 60,224,276 Claims adjustment 625,463 422,152 1,892,125 4,018,495 Claims management fees 261,040 562,770 Administration 1,965,687 691,591 501,087 1,505,015 377,901 1,513,239 13,957,052 Agent commissions 996,867 Premium taxes 119,108 56,767 95,979 635,535 Insurance taxes 66,285 126,730 193,015 Excess insurance prem. 6,083,344 653,083 450,072 580,288 3,710,867 901,749 36,671,379 Other underwriting exp. 811,121 2,885,056 Other expenses 578,290 31,137 3,176,946
Total Expenses 20,663,681 6,883,503 3,179,449 5,387,914 13,808,875 8,325,322 123,321,391 Net income( loss) pre dividends & tax 1,472,609( 117,321) 696,528 1,196,222( 1,055,601) 192,283 6,450,694 Dividends Paid Members 3,235,566 Net Income before tax 1,472,609( 117,321) 696,528 1,196,222( 1,055,601) 192,283 3,215,128 Provisions for income tax 323,855
NET INCOME( LOSS) 1,472,609( 117,321) 696,528 1,196,222( 1,055,601) 192,283 2,891,273 Change in nonad. assets( 504,331) 117,341 400( 129,394)( 6,787)( 1,224,594) Change in net deferred inc. tax 34,595 Change in net investments 172,649 445,548 1,130,543
Ext. Amounts of Taxes for prior years
1
Other surplus adjustments 265,676 FUND BALANCE beginning yr 23,000,132 13,072,924 8,239,659 13,530,280 1,625,208 19,238,530 105,409,437
FUND BALANCE end yr $ 24,645,390 $ 12,451,272 $ 9,053,528 $ 14,726,902 $ 440,213 $ 19,869,574 108,506,931
Totals
Contact KAIA at 785.232.0561 or visit https:// members. kaia. com / contact with any questions on this Pool information or to request a copy of the unaudited financials. •
14 KANSAS INSURANCE AGENT & BROKER