NonprofitsPennsylvania Life And Health Insurance Guaranty Association

Pennsylvania Life And Health Insurance Guaranty Association

BALA CYNWYD, PA

Total revenue

$250.6M

Total expenses

$56.0M

Net assets

$245.0M

Grants received

EIN

232135158

Tax year

2024

Mission

The purpose of the organization is to protect policyholders, insureds, beneficiaries, annuitants, payees and assignees of life insurance policies, health insurance policies, annuity contracts and supplemental contracts against failure in the performance of contractual obligations due to the impairment or insolvency of the insurer issuing such policies.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$248.0M
Investment income$2.7M
Other revenue
Total revenue$250.6M

Expenses

Grants paid
Salaries & benefits$467K
Fundraising
Other expenses$833K
Total expenses$56.0M
Total assets$245.0M
Net assets$245.0M

People

12 listed

NameRoleCompensation

NANCY MARGOLIS

EXECUTIVE DI

Board

$298K

40 hrs/wk

CVS HEALTH

DIRECTOR

Board

1 hrs/wk

COLONIAL PENN LIFE INSURANCE CO

DIRECTOR

Board

1 hrs/wk

ERIE FAMILY LIFE INSURANCE CO

DIRECTOR

Board

1 hrs/wk

FARMERS NEW WORLD LIFE INSURANCE CO

DIRECTOR

Board

1 hrs/wk

INDEPENDENCE BLUE CROSS

DIRECTOR

Board

1 hrs/wk

MASSACHUSETTS MUTUAL LIFE INS CO

VICE CHAIR

Board

1 hrs/wk

METROPOLITAN LIFE INSURANCE CO

DIRECTOR

Board

1 hrs/wk

NATIONWIDE LIFE INS CO

DIRECTOR

Board

1 hrs/wk

THE PENN MUTUAL LIFE INSURANCE CO

CHAIR

Board

1 hrs/wk

UPMC INSURANCE SERVICES

SECRETARY/TR

Board

1 hrs/wk

UNITED HEALTHCARE INSURANCE CO

DIRECTOR

Board

1 hrs/wk

Details

EIN232135158
Subsection06
Ruling date1981-04
Formed1978
Employees2
PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION — Mission, Financials & Grants Received | Grantivo