TWIA Board Reviews 2023 Budget InformationPublished on: November 2, 2022
The TWIA Board of Directors met on November 2 to review preliminary information related to the Association’s 2023 budget. Select highlights of the budget presentation include:
- TWIA policies in-force are projected to increase over 2023 to an estimated 232,209 by year end. Direct written premiums are projected to grow to $560 million.
- The draft 2023 budget prepared by staff for initial Board consideration reduces total operating expenses compared to the 2022 budget.
- TWIA expects to make a deposit into the Catastrophe Reserve Trust Fund in 2023.
Board members requested additional information on professional services related to catastrophe modeling. The Board will consider final action regarding the budget at its December 13 meeting in Corpus Christi.
Members of the media with questions about the Board meeting, please email MediaRelations@TWIA.org.
The agenda, meeting materials, and archived recording for the Board meeting are available on our Archived Meetings page.