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Filing year 2024

NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION

Basking Ridge, New Jersey·EIN 22-2559832·6
Total revenue
$88.6M
Total assets
$300.8M
Total expenses
$90.7M
Reported officers
23
Mission

NJPLIGA WAS CREATED BY NJSA 17:30A-1 ET SEQ. THE STATUTE ESTABLISHES A MECHANISM FOR THE PAYMENT OF "COVERED CLAIMS" OF INSOLVENT INSURANCE COMPANIES. NJPLIGA IS FUNDED THROUGH MEMBER COMPANY ASSESSMENTS. THE STATUTE REQUIRES ALL INSURANCE COMPANIES LICENSED IN THE STATE OF NEW JERSEY WHICH WRITE ANY KIND OF INSURANCE TO WHICH THE NEW JERSEY PROPERTY-LIABILITY INSURANCE GUARANTY ASSOCIATION ACT APPLIES, TO BE MEMBERS OF NJPLIGA.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

Chief Executive Officer
$331k
$358k
Base
$296k
Bonus
Other
Benefits
$11k
Special Counsel
former officer/director/trustee
$268k
$290k
Base
$233k
Bonus
Other
Benefits
$17k
Dir. of Compliance & IT
officer (unspecified)
$229k
$247k
Base
$192k
Bonus
Other
Benefits
$21k
Director of Claims
director (operational)
$211k
$228k
Base
$182k
Bonus
Other
Benefits
$14k
Director of Operations
$197k
$213k
Base
$181k
Bonus
Other
Benefits
$842
Asst Dir of Compliance & IT
highest compensated employee
$193k
$209k
Base
$154k
Bonus
Other
Benefits
$27k
Software Develop. Manager
highest compensated employee
$189k
$205k
Base
$159k
Bonus
Other
Benefits
$17k
Deputy Director of Claims
highest compensated employee
$189k
$204k
Base
$157k
Bonus
Other
Benefits
$27k
Director of Human Resources
director (operational)
$173k
$187k
Base
$147k
Bonus
Other
Benefits
$14k
Asst General Counsel
highest compensated employee
$172k
$186k
Base
$158k
Bonus
Other
Benefits
$884
Director of Siu
highest compensated employee
$172k
$186k
Base
$159k
Bonus
Other
Benefits
$668
Director of Finance
$150k
$162k
Base
$138k
Bonus
Other
Benefits
$632
Special Projects Coordinator
former officer/director/trustee
$147k
$159k
Base
$119k
Bonus
Other
Benefits
$19k
General Counsel
officer (unspecified)
$43k
$47k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Held steady
from 2023

From $330k in 2023 to $331k in 2024.

$330k
2023
$331k
2024
In today's dollarsEst.
Down 4% in real terms$371k to $358k

Estimated with New York-Newark-Jersey City, NY-NJ-PA 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

NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$126.3M
$97M
2023
$88.6M
$90.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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