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Filing year 2024

FLORIDA INSURANCE GUARANTY ASSOCIATION INC

Tallahassee, Florida·EIN 59-1378046·6
Total revenue
$825.6M
Total assets
$827.3M
Total expenses
$542.7M
Reported officers
15
Mission

TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS OF INSOLVENT INSURERS AND TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES.

Executive compensation, broken down

Form 990 · Schedule J · 6 reported individuals · Filing year 2024

Vice President of Claims
vice president
$214k
$227k
Base
$171k
Bonus
$13k
Other
Benefits
$16k
Chief Operating Officer
$190k
$202k
Base
$147k
Bonus
$20k
Other
Benefits
$14k
HR Director
highest compensated employee
$169k
$180k
Base
$132k
Bonus
$10k
Other
Benefits
$16k
Controller
highest compensated employee
$163k
$172k
Base
$127k
Bonus
$9k
Other
Benefits
$16k
Executive Director
$150k
$160k
Base
$130k
Bonus
Other
Benefits
$10k
IT Manager
highest compensated employee
$144k
$153k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Up 16%
from 2023

From $184k in 2023 to $214k in 2024.

$184k
2023
$214k
2024
In today's dollarsEst.
Up 13% in real terms$201k to $227k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FLORIDA INSURANCE GUARANTY ASSOCIATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$478.4M
$773.9M
2023
$825.6M
$542.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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