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Filing year 2023

LOUISIANA INSURANCE GUARANTY ASSOCIATION

Baton Rouge, Louisiana·EIN 72-0889235·6
Total revenue
$213.4M
Total assets
$381.8M
Total expenses
$339.9M
Reported officers
18
Mission

LIGA IS AN ORGANIZATION CREATED BY THE INSURANCE GUARANTY ACT (LA. R.S. 1375-1394) TO PAY FOR THE CLAIMS OF INSOLVENT MEMBER INSURANCE COMPANIES. FUNDS ARE PROVIDED FOR THE PAYMENT OF THE CLAIMS BY THE ASSESSMENT OF THE REMAINING MEMBER INSURANCE COMPANIES. ALL ADMITTED INSURANCE COMPANIES DOING BUSINESS IN LOUISIANA ARE REQUIRED TO BE MEMBERS OF THE ASSOCIATION (EXCLUDING CERTAIN LINES OF BUSINESS EXCLUDED BY STATUTE).

Executive compensation, broken down

Form 990 · Schedule J · 5 reported individuals · Filing year 2023

Executive Director
$375k
$410k
Base
$247k
Bonus
$99k
Other
Benefits
$12k
Claims Manager
key employee
$215k
$234k
Base
$154k
Bonus
$49k
Other
Benefits
$2k
Sr. Claim Examiner
highest compensated employee
$137k
$150k
Sr. Claim Examiner
highest compensated employee
$133k
$145k
Sr. Claim Examiner
highest compensated employee
$117k
$127k

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 13 unpaid individuals.

Up 27%
from 2022

From $295k in 2022 to $375k in 2023.

$295k
2022
$375k
2023
In today's dollarsEst.
Up 22% in real terms$337k to $410k

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

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

RevenueExpenses
$286.8M
$462.5M
2022
$213.4M
$339.9M
2023
Total revenue and total expenses from IRS Form 990 filings.
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