DIF Income Statement - First Quarter 2023
Income Statement (year-to-date) | ||||||
---|---|---|---|---|---|---|
Mar-23 | Dec-22 | Quarterly Change | Mar-22 | Year-Over-Year Change | ||
Assessments | $3,306 | $8,311 | $1,938 | $1,368 | ||
Interest on U.S. Treasury securities | 661 | 1,246 | 191 | 470 | ||
Return of unclaimed insured deposits | 14 | 38 | 6 | 8 | ||
Other revenue | 3 | 12 | 2 | 1 | ||
Total Revenue | $3,984 | $9,607 | $2,137 | $1,847 | ||
Operating expenses | 508 | 1,883 | 453 | 55 | ||
Provision for insurance losses | 16,402 | (83) | 100 | 16,302 | ||
Insurance and other expenses | 5 | 4 | 0 | 5 | ||
Realized loss on sale of investments | 1,666 | 0 | 0 | 1,666 | ||
Total Expenses and Losses | $18,581 | $1,804 | $553 | $18,028 | ||
Net Income | ($14,597) | $7,803 | $1,584 | ($16,181) | ||
Unrealized gain (loss) on U.S. Treasury securities,net | 2,450 | (2,836) | (1,686) | 4,136 | ||
Unrealized postretirement benefit gain (loss) | 0 | 110 | 0 | 0 | ||
Comprehensive Income | ($12,147) | $5,077 | ($102) | ($12,045) |