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Filing year 2023

LOUISIANA INSURANCE GUARANTY ASSOCIATION

Baton Rouge, Louisiana·EIN 72-0889235·501(c)(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 · Part VII & Schedule J · 5 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
Above 90th percentile
$375k
$410k
Base
$247k
Bonus
$99k
Other
Benefits
$12k
Claims Manager
Key Employee
Median to 75th percentile
$215k
$234k
Base
$154k
Bonus
$49k
Other
Benefits
$2k
Sr. Claim Examiner
Highest Compensated Employee
25th percentile to median
$137k
$150k
Sr. Claim Examiner
Highest Compensated Employee
25th percentile to median
$133k
$145k
Sr. Claim Examiner
Highest Compensated Employee
10th to 25th percentile
$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.

Pay for the position

Highest Compensated Employee pay fell 29% from 2022 to 2023, while revenue fell 26%.

$195k in 2022 to $137k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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.
FAQ

Common questions about LOUISIANA INSURANCE GUARANTY ASSOCIATION

What does the Chief Executive Officer of LOUISIANA INSURANCE GUARANTY ASSOCIATION earn?

In 2023, the Chief Executive Officer of LOUISIANA INSURANCE GUARANTY ASSOCIATION received $375,199 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at LOUISIANA INSURANCE GUARANTY ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at LOUISIANA INSURANCE GUARANTY ASSOCIATION falls in the top 10%.

What are LOUISIANA INSURANCE GUARANTY ASSOCIATION's revenue and expenses?

In 2023, LOUISIANA INSURANCE GUARANTY ASSOCIATION reported $213.4M in total revenue and $339.9M in total expenses on its IRS Form 990.

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