Chief Financial Officer's (CFO) Report to the Board
Fund Financial Results | ($ in millions) |
Income Statement (year-to-date) | |||||
Sep-18 |
Jun-18 |
Quarterly Change |
Sep-17 |
Year-Over-Year Change |
|
---|---|---|---|---|---|
Assessments | $8,176 | $5,448 | $2,728 | $7,939 | $237 |
Interest on U.S. Treasury securities | 1,152 | 719 | 433 | 752 | 400 |
Other revenue | 8 | 5 | 3 | 8 | 0 |
Total Revenue | $9,336 | $6,172 | $3,164 | $8,699 | $637 |
Operating expenses | 1,312 | 878 | 434 | 1,296 | 16 |
Provision for insurance losses | (327) | (206) | (121) | 20 | (347) |
Insurance and other expenses | 2 | 1 | 1 | 1 | 1 |
Total Expenses and Losses | $987 | $673 | $314 | $1,317 | ($330) |
Net Income | 8,349 | 5,499 | 2,850 | 7,382 | 967 |
Unrealized gain (loss) on U.S. Treasury securities, net | (892) | (658) | (234) | (38) | (854) |
Unrealized postretirement benefit gain (loss) | - | - | - | - | - |
Comprehensive Income | $7,457 | $4,841 | $2,616 | $7,344 | $113 |