Annual Report
Audited Financials
2019 Nonprofits Insurance Alliance (NIA) Audited Financials
AM Best Rating
All companies in the Nonprofits Insurance Alliance Group are rated A VIII (Excellent) by AM Best.
Foundations
NIAC was founded in 1989 as a liability insurance pool, owned and operated by its nonprofit members. NIAC was originally capitalized with $1.3 million in loans from the following foundations:
- Ford Foundation
- Wallace Alexander Gerbode Foundation
- San Francisco Foundation
- Walter S. Johnson Foundation
- David & Lucile Packard Foundation
- Marin Community Foundation
ANI and an affiliate captive reinsurance company were capitalized with $10 million from two foundations. Each of the following foundations contributed a $5 million grant to the effort.
Reinsurance
The Nonprofits Insurance Alliance is conservatively reinsured by a group of highly-rated reinsurers.