Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: FUNDED REINSURANCE PREMIUMS

  total $50,621,802 · related or exempt $50,621,802

• 3 · Investment income

  total $65,212,489 · unrelated business $217,901 · excluded $64,994,588

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $20,047,472,255

• 7b · Less cost or other basis and sales expenses

  securities $19,902,753,602

• 7c · Gain or loss

  securities $144,718,653

• 7d · Net gain or loss

  total $144,718,653 · excluded $144,718,653

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total -$21,479,802

• 5 · Compensation of officers, directors and key employees

  total $2,244,862

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $2,224,066

• 8 · Pension plan contributions

  total $12,236

• 9 · Other employee benefits

  total $382,208

• 10 · Payroll taxes

  total $255,207

• 11a · Fees: management

  total $36,396

• 11b · Fees: legal

  total $16,836

• 11c · Fees: accounting

  total $195,128

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $7,221,643

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $148,579

• 14 · Information technology

  total $1,287,880

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $218,287

• 17 · Travel

  total $31,904

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $35,432

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $245,083

• 23 · Insurance

  total $260,396

• 24a · Other expenses: PERSONNEL ADMINISTRATIVE EXP.

  total $128,422

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $287,344,541 · end of year $228,940,837

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $174,738 · end of year $1,169,227

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $4,834,719

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,229,076

• 10c · Land, buildings and equipment, net

  beginning of year $2,093,344 · end of year $2,605,643

• 11 · Investments: publicly traded securities

  beginning of year $3,160,380,543 · end of year $3,488,417,895

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $34,956,793 · end of year $32,845,528

• 17 · Accounts payable and accrued expenses

  beginning of year $2,039,797 · end of year $1,962,825

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $1,622,139,122 · end of year $1,501,910,032

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $1,860,771,040 · end of year $2,250,106,273

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4(B)

JAMES HEER, CEO, PARTICIPATED IN A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN.EMPLOYER CONTRIBUTIONS TO THE PLAN DURING CALENDAR YEAR 2024 TOTALED $4,400 AND ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C).NO AMOUNTS WERE PAID OUT DURING CALENDAR YEAR 2024.