Chief Financial Officer's (CFO) Report to the Board
| Fund Financial Results | ($ in millions) |
| Income Statement (year-to-date) | |||||
Mar-19 |
Dec-18 |
Mar-18 |
Year-Over-Year Change |
||
|---|---|---|---|---|---|
| Assessments | $1,369 | $9,527 | $2,850 | ($1,481) | |
| Interest on US Treasury securities | 507 | 1,633 | 338 | 169 | |
| Other revenue | 2 | 11 | 1 | 1 | |
| Total Revenue | $1,878 | $11,171 | $3,189 | ($1,311) | |
| Operating expenses | 434 | 1,765 | 433 | 1 | |
| Provision for insurance losses | (396) | (563) | (65) | (331) | |
| Insurance and other expenses | 0 | 3 | 0 | 0 | |
| Total Expenses and Losses | $38 | $1,205 | $368 | ($330) | |
| Net Income | 1,840 | 9,966 | 2,821 | (981) | |
| Unrealized gain (loss) on US Treasury securities, net | 421 | (136) | (496) | 917 | |
| Unrealized postretirement benefit gain (loss) | 0 | 32 | 0 | 0 | |
| Comprehensive Income | $2,261 | $9,862 | $2,325 | ($64) |