Chief Financial Officer's (CFO) Report to the Board
Fund Financial Results | ($ in millions) |
Income Statement (year-to-date) | |||||
Jun-18 |
Mar-18 |
Quarterly Change |
Jun-17 |
Year-Over-Year Change |
|
---|---|---|---|---|---|
Assessments | $5,448 | $2,850 | $2,598 | $5,371 | $77 |
Interest on U.S. Treasury securities | $719 | 338 | 381 | 478 | 241 |
Other revenue | 5 | 1 | 4 | 6 | (1) |
Total Revenue | $6,172 | $3,189 | $2,983 | $5,855 | $317 |
Operating expenses | 878 | 433 | 445 | 892 | (14) |
Provision for insurance losses | (206) | (65) | (141) | 532 | (738) |
Insurance and other expenses | 1 | 0 | 1 | 0 | 1 |
Total Expenses and Losses | $673 | $368 | $305 | $1,424 | ($751) |
Net Income | 5,499 | 2,821 | 2,678 | 4,431 | 1,068 |
Unrealized gain (loss) on U.S. Treasury securities, net | (658) | (496) | (162) | (5) | (653) |
Unrealized postretirement benefit gain (loss) | - | - | - | - | - |
Comprehensive Income | $4,841 | $2,325 | $2,516 | $4,426 | $415 |