Boston, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIRGINIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION, founded in 1972, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2024. Revenue surged 164% from the prior year, signaling strong growth momentum. Net assets of $152.1M represent 229 months of operating reserves.
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Virginia state statute, Chapter 16 of Title 38.2 of the Code of Virginia.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $7,954,257 | $3,018,278 | +1.6% |
| Expenses | $8,612,349 | $9,860,733 | -0.1% |
| Net Income | $-658,092 | $-6,842,455 | -0.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Theresa C Lewis Chair | representing Mutual Assurance Society of VA | 1 |
Director
|
$0 | $0 | $0 |
| Beth Murphy Vice Chair | representing Grange Insurance Company | 1 |
Director
|
$0 | $0 | $0 |
| Tom Brown Board Member | representing State Farm Mutual Auto. Ins. Co. | 1 |
Director
|
$0 | $0 | $0 |
| Michael Catina Board Member | representing Zurich American Ins. Co. | 1 |
Director
|
$0 | $0 | $0 |
| Samantha Freedman Board Member | representing Government Employees Ins Co | 1 |
Director
|
$0 | $0 | $0 |
| Douglas Morrissey Board Member | representing Continental Casualty Company | 1 |
Director
|
$0 | $0 | $0 |
| David Priddy Board Member | representing Virginia Farm Bureau Mutual Ins Co | 1 |
Director
|
$0 | $0 | $0 |
| Tinna Damaso Quigley Board Member | representing Allstate Insurance Company | 1 |
Director
|
$0 | $0 | $0 |
| Joe Torti Board Member | representing United States Fire Insurance Co | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $7,954,257 | $8,612,349 | $152,058,348 | $-658,092 |
| 2023 | $3,018,278 | $9,860,733 | $152,716,440 | $-6,842,455 |
| 2022 | $3,063,188 | $7,960,632 | $159,558,895 | $-4,897,444 |
| 2021 | $15,741,691 | $9,162,364 | $164,456,339 | $6,579,327 |
| 2020 | $8,242,269 | $8,319,727 | $157,877,012 | $-77,458 |
| 2018 | $15,166,647 | $11,832,848 | $144,852,215 | $3,333,799 |
Compare VIRGINIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION with other nonprofits in Massachusetts and across the country.