NonprofitsFiat Lux Risk And Insurance Company

Mutual & Membership Benefit

Fiat Lux Risk And Insurance Company

WASHINGTON, DC

Total revenue

$621.3M

Total expenses

$642.8M

Net assets

$563.0M

Grants received

EIN

461828839

Tax year

2023

Mission

The purpose of Fiat Lux is to finance the University of California's self insured retentions, to purchase reinsurance directly, and to issue to the university of California's certain bespoke insurance policies.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$582.9M
Investment income$38.4M
Other revenue
Total revenue$621.3M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$642.8M
Total expenses$642.8M
Total assets$2.0B
Net assets$563.0M

People

10 listed

NameRoleCompensation

KEVIN A CONFETTI

President

Board

4 hrs/wk

NATHAN BROSTROM

Director/Chair/CFO

Board

3 hrs/wk

NORMAN L HAMILL

Director/SECRETARY

Board

2 hrs/wk

Jarid Beck

DIRECTOR (Until 10/05/23)

Board

1 hrs/wk

Michael Beck

Director

Board

4 hrs/wk

MICHAEL DRAKE

DIRECTOR

Board

1 hrs/wk

Peter Taylor

Director (Began 06/20/24)

Board

1 hrs/wk

RACHAEL NAVA

Director

Board

4 hrs/wk

RON CORTEZ

Director

Board

1 hrs/wk

CHRIS C HARRINGTON

ASST. SECRETARY

Board

2 hrs/wk

Independent contractors

PriceWaterHouseCoopers LLP

Audit Services

$454K

Willis Towers Watson Management (Vermont) Ltd

Captive management

$381K

Prime Actuarial Consulting LLC dba Bickmore Actuarial

Actuarial Services

$277K

Remi

Program Management

$195K

Details

EIN461828839
NTEE codeY20
Subsection03
Ruling date2015-12
Formed2012
Employees0
Volunteers3
FIAT LUX RISK AND INSURANCE COMPANY — Mission, Financials & Grants Received | Grantivo