Chief Financial Officer's (CFO) Report to the Board
DIF Income Statement - First Quarter 2017
Fund Financial Results | ($ in millions) |
Income Statement (year-to-date) | |||||
Mar-17 |
Dec-16 |
Mar-16 |
Year-Over-Year Change |
||
Assessments | $2,737 | $9,987 | $2,328 | $409 | |
Interest on U.S. Treasury securities | 227 | 671 | 147 | 80 | |
Other revenue | 2 | 16 | 5 | (3) | |
Total Revenue | $2,966 | $10,674 | $2,480 | $486 | |
Operating expenses | 442 | 1,715 | 415 | 27 | |
Provision for insurance losses | 765 | (1,568) | (43) | 808 | |
Insurance and other expenses | 0 | 3 | 0 | 0 | |
Total Expenses and Losses | $1,207 | $150 | $372 | $835 | |
Net Income | 1,759 | 10,524 | 2,108 | (349) | |
Unrealized gain (loss) on U.S. Treasury securities, net | 7 | 29 | 412 | (405) | |
Unrealized postretirement benefit gain (loss) | - | 8 | - | - | |
Comprehensive Income | $1,766 | $10,561 | $2,520 | ($754) |