#282 of 500 · Member & Benefit Funds

Fiat Lux Risk And Insurance Company

EIN 46-1828839 · DC · NTEE Y20 · Form 990, fiscal 2023

A captive insurance company formed in 2012 as the cornerstone of the University of California's captive insurance platform, domiciled through the UC Office of Risk Services. It finances the University's retained risk layers, purchases reinsurance, fills coverage gaps, and supports insurance programs benefiting UC's campuses, medical centers, national laboratories, students, faculty and staff. It writes many lines of coverage totaling hundreds of millions in premium.

Financials, fiscal 2023

Revenue

$538.4M

Expenses

$386.8M

Total assets

$1.80B

Net assets

$465.6M

Operating margin

28.2%

1-year growth

-41.3%

5-year growth (CAGR)

15.7%

Reserve (years of spending)

14.4

Contributions share

n/a

Programme spending

95.4%

Fundraising cost

n/a

Executive pay share

0.00%

Employees

n/a

Revenue per employee

n/a

Grants paid

n/a

Years filing

8

NFP Health Score: 82 / 100

Financial 69 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history