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Filing year 2024

ILLINOIS INSURANCE GUARANTY FUND

Chicago, Illinois·EIN 36-2737437·6
Total revenue
$15.2M
Total assets
$153.9M
Total expenses
$14.2M
Reported officers
16
Mission

TO PROTECT AGAINST LOSS BY PROVIDING A MECHANISM TO PAY COVERED CLAIMS AND RETURN UNEARNED PREMIUMS OF POLICYHOLDERS, RESULTING FROM INSOLVENT INSURERS AND TO ASSESS THE COSTS TO COMPANIES HOLDING A CERTIFICATE OF AUTHORITY TO TRANSACT INSURANCE IN THE STATE OF ILLINOIS.

Executive compensation, broken down

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

$395k
$423k
Base
$310k
Bonus
Other
$660
Benefits
$36k
Controller
officer (unspecified)
$263k
$282k
Base
$208k
Bonus
Other
$443
Benefits
$23k
Claims Direc
highest compensated employee
$242k
$259k
Base
$191k
Bonus
Other
$3k
Benefits
$18k
IT Manager
highest compensated employee
$189k
$203k
Base
$141k
Bonus
Other
$291
Benefits
$26k
Sr. Claims E
highest compensated employee
$158k
$169k
Base
$109k
Bonus
Other
$958
Benefits
$30k
Sr. Claims E
highest compensated employee
$154k
$165k
Base
$103k
Bonus
Other
$213
Benefits
$34k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 4%
from 2023

From $380k in 2023 to $395k in 2024.

$380k
2023
$395k
2024
In today's dollarsEst.
Up 1% in real terms$420k to $423k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, 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

ILLINOIS INSURANCE GUARANTY FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$12.1M
$14.1M
2023
$15.2M
$14.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
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