LISLE, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AMERICAN ASSOCIATION OF INSURANCE SERVICES, founded in 1984, is a mid-sized nonprofit that reported $28.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.
TO PROMOTE THE COMMON BUSINESS INTERESTS OF AFFILIATED INSURANCE COMPANIES AND ORGANIZED GROUPS OF INSURANCE COMPANIES.
AAIS IS AN ADVISORY ORGANIZATION AND A STATISTICAL AGENT WORKING ON BEHALF OF 730 PROPERTY AND CASUALTY INSURANCE COMPANIES. AAIS DEVELOPS, MAINTAINS AND UPDATES MANUALS OF RULES AND RATING...
AAIS IS AN ADVISORY ORGANIZATION AND A STATISTICAL AGENT WORKING ON BEHALF OF 730 PROPERTY AND CASUALTY INSURANCE COMPANIES. AAIS DEVELOPS, MAINTAINS AND UPDATES MANUALS OF RULES AND RATING PROCEDURES FOR APPROXIMATELY 34 INSURANCE PROGRAM LINES AND FILES THOSE PROGRAMS WITH ALL STATE INSURANCE DEPARTMENTS ON BEHALF OF OUR MEMBER COMPANIES. FOR THE FISCAL YEAR ENDED JUNE 30, 2024, AAIS MADE OVER 1258 FILINGS WITH INSURANCE DEPARTMENTS TO ADDRESS PRODUCT UPDATES AND REVISIONS, AS WELL AS EVOLVING REGULATORY COMPLIANCE ISSUES.
AAIS COLLECTS COMPANY INSURANCE DATA ON BEHALF OF STATE REGULATORS AND REPORTS SUCH DATA TO THE REGULATORS IN ORDER TO SATISFY MEMBER COMPANIES I STATUTORY REPORTING REQUIREMENTS. FOR THE FISCAL YEAR...
AAIS COLLECTS COMPANY INSURANCE DATA ON BEHALF OF STATE REGULATORS AND REPORTS SUCH DATA TO THE REGULATORS IN ORDER TO SATISFY MEMBER COMPANIES I STATUTORY REPORTING REQUIREMENTS. FOR THE FISCAL YEAR ENDED JUNE 30, 2024, AAIS PROCESSED APPROXIMATELY 8,420,000 CLAIMS RECORDS WITH TOTAL LOSS ESTIMATES OF APPROXIMATELY $34.3 BILLION. AAIS ALSO COLLECTS THIRD PARTY DATA FROM A VARIETY OF PUBLIC AND PROPRIETARY DATA SOURCES TO REFINE RISK MANAGEMENT ADVISORY SERVICES. THIS INCLUDES DATA ON ECONOMIC ACTIVITY, FIRE INCIDENTS, REGIONAL EXPOSURE ATTRIBUTES, WEATHER, CRIME, CENSUS INFORMATION, MARKET SHARE INFORMATION, FIRE STATION AND FIRE HYDRANT LOCATION INFORMATION. OVER 230,000,000 RECORDS OF RELATED THIRD PARTY DATA WERE UTILIZED FOR VARIOUS ADVISORY SUPPORT ACTIVITIES DURING FISCAL YEAR ENDED JUNE 30, 2024.
AAIS DISTRIBUTES INFORMATION TO MEMBER COMPANIES VIA BULLETINS WHICH INCLUDE INSTRUCTIONS ON ADOPTING NEWLY-FILED RULES AND FORMS AND MANDATORY ENDORSEMENTS. FOR THE FISCAL YEAR ENDED JUNE 30, 2024...
AAIS DISTRIBUTES INFORMATION TO MEMBER COMPANIES VIA BULLETINS WHICH INCLUDE INSTRUCTIONS ON ADOPTING NEWLY-FILED RULES AND FORMS AND MANDATORY ENDORSEMENTS. FOR THE FISCAL YEAR ENDED JUNE 30, 2024, AAIS DISTRIBUTED ALMOST 404 RELATED BULLETINS TO MEMBER COMPANIES.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $28,642,173 | $26,073,591 | +0.1% |
| Expenses | $27,903,646 | $27,002,063 | +0.0% |
| Net Income | $738,527 | $-928,472 | -1.8% |
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 |
|---|---|---|---|---|---|---|
| DAVID B DUCLOS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| M ROSS FISHER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY SHAW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL WAGNER KELLY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEITH WOLFE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA PECHAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RENEE BEAUFORD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CYSTAL OTTAVIANO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WERNER KRUCK | PRESIDENT & CEO | 40.00 |
Officer
|
$299,803 | $12,758 | $312,561 |
| CHRISTOPHER BUNCH | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$100,313 | $5,114 | $105,427 |
| EDMUND KELLY END 12312023 | PRESIDENT AND CEO | 40.00 |
Officer
|
$1,201,505 | $25,172 | $1,226,677 |
| JOAN ZERKOVICH END 08082023 | SVP | 40.00 |
Officer
|
$1,127,573 | $23,508 | $1,151,081 |
| TERESA WESTCOTT END 10112023 | VP-LEGAL & COMPLIANCE | 40.00 |
Officer
|
$449,253 | $21,052 | $470,305 |
| JOHN KADOUS | VICE PRESIDENT OF PRODUCTS | 40.00 |
Highest
|
$419,376 | $36,362 | $455,738 |
| KEN SAYERS | VICE PRESIDENT OF TECHNOLOGY | 40.00 |
Highest
|
$290,265 | $35,945 | $326,210 |
| MICHAEL PAYNE | VICE PRESIDENT OF ACTUARIAL SERVICES / CHIEF PRICI | 40.00 |
Highest
|
$451,977 | $27,714 | $479,691 |
| KAREN SHERIDAN | DIRECTOR OF HUMAN RESOURCES | 40.00 |
Highest
|
$281,962 | $19,404 | $301,366 |
| JOHN GREENE END 41224 | DIRECTOR OF MARKETING & COMMUNICATIONS | 40.00 |
Highest
|
$410,829 | $16,838 | $427,667 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $28,642,173 | $27,903,646 | $28,362,049 | $738,527 |
| 2023 | $26,073,591 | $27,002,063 | $29,082,082 | $-928,472 |
| 2022 | $23,996,929 | $22,506,361 | $24,837,464 | $1,490,568 |
| 2021 | $21,784,346 | $20,459,906 | $23,041,835 | $1,324,440 |
| 2020 | $19,472,527 | $19,579,655 | $12,541,950 | $-107,128 |
Compare AMERICAN ASSOCIATION OF INSURANCE SERVICES with other nonprofits in Illinois and across the country.