#344 of 500 · Civic & Other

North Carolina Insurance

EIN 23-7102759 · NC · NTEE n/a · Form 990, fiscal 2023

A nonprofit insurance entity based in Raleigh, North Carolina, established by the North Carolina General Assembly in 1969. It serves as an insurer of last resort, providing property insurance to individuals and businesses in the state's beach and coastal areas who cannot obtain coverage in the standard market. All property and casualty insurers operating in North Carolina are required to participate and share in its results.

Financials, fiscal 2023

Revenue

$446.8M

Expenses

$244.5M

Total assets

$1.52B

Net assets

$1.12B

Operating margin

45.3%

1-year growth

24.9%

5-year growth (CAGR)

12.2%

Reserve (years of spending)

54.9

Contributions share

n/a

Programme spending

92.0%

Fundraising cost

n/a

Executive pay share

0.27%

Employees

n/a

Revenue per employee

n/a

Grants paid

n/a

Years filing

52

NFP Health Score: 83 / 100

Financial 70 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history