Association Of Bermuda Insurers And Reinsurers
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,929,000 | 2,475,693 | 453,307 | 2.5 | 25% |
| 2012 | 2,400,000 | 2,396,029 | 3,971 | 2.6 | 29% |
| 2013 | 2,450,000 | 2,576,808 | −126,808 | 1.9 | 27% |
| 2014 | 2,550,000 | 2,528,583 | 21,417 | 1.6 | 29% |
| 2015 | 2,800,000 | 2,872,379 | −72,379 | 1.1 | 28% |
| 2016 | 2,559,744 | 2,724,475 | −164,731 | 0.4 | 31% |
| 2017 | 4,055,000 | 3,624,196 | 430,804 | 1.7 | 23% |
| 2018 | 2,006,376 | 2,317,283 | −310,907 | 1.1 | 44% |
| 2019 | 1,950,000 | 2,037,184 | −87,184 | 0.7 | 44% |
| 2020 | 2,112,557 | 1,681,190 | 431,367 | 4.0 | 60% |
| 2021 | 1,607,747 | 1,844,137 | −236,390 | 2.1 | 54% |
| 2022 | 1,916,872 | 1,690,818 | 226,054 | 3.9 | 58% |
| 2023 | 1,664,287 | 1,684,560 | −20,273 | 3.8 | 56% |
In its most recent public year (2023), this organization spent $20,273 more than it brought in. Its reserves stood at about 3.8 months of spending, up from 2.5 in 2011. Staff pay was 56% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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