|
|
DIF
Income Statement - First Quarter 2014
| Fund Financial Results |
($
in millions) |
| Income
Statement (year-to-date) |
| |
Unaudited Mar-14 |
Audited Dec-13 |
Unaudited
Mar-13 |
Year-Over-Year Change |
| Assessments |
$2,393 |
$9,734 |
$2,645 |
($252) |
| Interest on U.S. Treasury obligations |
45 |
104 |
(9) |
54 |
| Realized gain on sale of trust perferred securities |
- |
458 |
- |
- |
| Other revenue |
9 |
163 |
56 |
(47) |
| Total Revenue |
$2,447 |
$10,459 |
$2,692 |
($245) |
| Operating expenses |
422 |
1,609 |
436 |
(14) |
| Provision for insurance losses |
348 |
(5,659) |
(499) |
847 |
| Insurance and other expenses |
- |
4 |
1 |
(1) |
| Total Expenses and Losses |
$770 |
($4,046) |
($62) |
$832 |
| Net Income (Loss) |
1,677 |
14,505 |
2,754 |
(1,077) |
| Unrealized gain (loss) on U.S. Treasury investments, net |
25 |
(14) |
38 |
(13) |
| Unrealized gain (loss) on trust preferred securities |
- |
(302) |
(8) |
8 |
| Unrealized postretirement benefit gain (loss) |
- |
44 |
- |
- |
| Comprehensive Income (Loss) |
$1,702 |
$14,233 |
$2,784 |
($1,082) |
|
