Vol. 62 | May 2026

Annual Statement Reconciliation

As many companies are busy preparing their 2026 Annual Statement yellow books, we would like to remind you of the importance of reconciling your NISS data submissions to your Statutory Page 14. Each year, NISS prepares an Annual Statement Balancing Report for each member company and highlights any differences in which the reconciliation tolerance is exceeded. This is critical to ensure we have received all necessary data.

In many cases, differences can simply be explained by sending Reconciliation Worksheets along with your data submissions to let us know in advance of any differences. Your company can also explain Annual Statement differences after receiving the Annual Statement Balancing Report. Whichever way you choose, the balancing process helps make sure data quality standards are met and is an important step in the statistical reporting process.

Early Data Filings – The Importance of Due Dates

At the beginning of each year, NISS sends a personalized filing schedule to each member company. The schedule contains a list of due dates for each line of business that company will be submitting. Receiving company data submissions by those due dates allows the NISS staff adequate time to process and review the data and make any necessary corrections so the data is ready to be included in compliance reports. The compliance reports are sent to state insurance departments and other organizations to fulfill regulatory requirements.

Several of the compliance reports are due to regulators not long after the NISS due date, which makes it essential that we receive the data in a timely manner. Below is a list of reports with early due dates, along with a brief explanation.

• Massachusetts Homeowners – Data is submitted to meet requirements set forth under the Massachusetts General Laws, Chapter 175, Section 4A.

• New York Voluntary Private Passenger Automobile – Full Detail Ratemaking Experience is reported to AIPSO.

• Voluntary Automobile – Data is submitted to AIPSO by each individual insurer for their use in determining and setting AIP quotas and apportioning state AIP expenses.

• Illinois Cost Containment Report Part 4203.A – NISS furnishes individual insurer (Auto, Homeowners, General Liability, Medical Professional Liability, Businessowners, Excess Insurance) data at the company's request.

• North Carolina Homeowners – Homeowners, Dwelling, and Mobile home data is consolidated for all statistical agents, then sent to the North Carolina Rate Bureau.

• North Carolina Automobile – Automobile data is consolidated for all statistical agents, then sent to the North Carolina Rate Bureau.

Although NISS does not penalize companies for late data submissions, it is important to submit data by the due dates listed on your filing schedule. We appreciate on-time submissions!

2026 Upcoming Meetings

Executive Committee Meeting
Video Conference | May 1, 2026

Board Meeting
Isle of Palms, SC | May 15-18, 2026

Technical Advisory Committee
Video Conference | June 23, 2026

Executive Committee Meeting
Video Conference | September 11, 2026

Board Meeting
Indianapolis, IN | September 21, 2026

Technical Advisory Committee
Video Conference | October 27, 2026

Executive Committee Meeting
Video Conference | December 4, 2026

Board Meeting
Video Conference | December 14, 2026

About Us

NISS is a unique resource for the property/casualty insurance industry. We collect and report timely, quality insurance data and perform other related functions at a reasonable cost.

For more information, please visit www.niss‑stat.org.

2026 Upcoming Due Dates

For a list of upcoming due dates, please click here.

Brain Teaser

You roll two regular six-sided dice. Is it more likely that the dice add up to 7 or that the dice add up to 8? Or are those two outcomes equally likely?

Please email your answers to NISSNews@niss-stat.org. A person will be randomly drawn from the first ten correct answers, and that person will win a $25 gift card from Amazon.com!

Winner of $25 Amazon gift card last quarter: Colleen Edwards

For the question and answer from the last brain teaser, please view the NISS News section here.