Chief Financial Officer's (CFO) Report to the Board
| Fund Financial Results | ($ in millions) |
| Income Statement (year-to-date) | ||||
Mar-20 |
Dec-19 |
Mar-19 |
Year-Over-Year Change |
|
|---|---|---|---|---|
| Assessments | $1,372 | $4,939 | $1,369 | $3 |
| Interest on US Treasury securities | 507 | 2,117 | 507 | 0 |
| Other revenue | 3 | 39 | 2 | 1 |
| Total Revenue | $1,882 | $7,095 | $1,878 | $4 |
| Operating expenses | 460 | 1,796 | 434 | 26 |
| Provision for insurance losses | 12 | (1,286) | (396) | 408 |
| Insurance and other expenses | 1 | 3 | 0 | 1 |
| Total Expenses and Losses | $473 | $513 | $38 | $435 |
| Net Income | $1,409 | $6,582 | $1,840 | $(431) |
| Unrealized gain (loss) on US Treasury securities, net | 1,450 | 1,203 | 421 | 1,029 |
| Unrealized postretirement benefit gain (loss) | 0 | (47) | 0 | 0 |
| Comprehensive Income | $2,859 | $7,738 | $2,261 | $598 |