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Financial Data Repository


Last Updated: 8/23/2023

The NAIC Financial Data Repository (FDR) is a centralized warehouse of financial data to be used primarily by state regulators as well as other policymakers and academics.  The FDR database stores information from the quarterly and annual statements filed by all multi-state insurance companies regulated by the state departments of insurance and is updated every year by NAIC on behalf of and at the direction of its members, the state insurance commissioners. The database also includes various supplemental filings such as risk-based capital (RBC) reports, but these reports may be waived on an individual basis by the domiciliary regulator.

The FDR database contains 10 years of annual and quarterly financial data on four different insurer types in both raw data and PDF formats (in 2019, Fraternal insurers began filing with the Life insurer statement type). The overall information represents more than 98 percent of the premiums written in the country and over 4,500 individual insurers. It provides essential data for the Insurance Regulatory Information System (IRIS) Financial Ratio Reports, financial analysis including risk-based capital analysis, and other solvency-related reviews of individual companies, reporting compliance as well as actuarial opinions and CPA audit reports. These automated tools allow regulators to provide their solvency oversight in a more efficient and effective manner, helping to assist in preventing insolvencies for which liability is imposed on other operating insurers under state guaranty fund laws. It also serves several other regulatory information needs, such as mandated: experience analysis for specific lines or sublines of business for individual companies and groups; general market structure and performance analysis; and statistics by company, groups or the industry as a whole.

The NAIC Financial Data Repository (FDR) database allows regulators to monitor the performance of the industry and identify concerns for further investigation. The NAIC Financial Regulatory Services Division utilizes the FDR to perform quarterly analyses and reports that summarize the operating performance of each of the major insurance sectors. Such analyses help identify macro-level risks and enhance regulators’ ability to consider an appropriate response to risks at a microprudential level.

The financial surveillance process for financial oversight is predominately built around the extensive and substantially uniform financial reporting system allowing for detailed analysis of asset holdings and reinsurance, and summary analysis of property/casualty loss/claim reserves. The NAIC’s centralized financial reporting database provides state regulators with the ability to perform asset stress tests on companies and determine the impact of other company insolvencies or credit  rating downgrades on the insurance market with great efficiency.


The NAIC databases allow for the detection of outliers and any anomalies from one company to another through benchmarking and to look for new risk concentrations and/or discounted risks. Because this data and disclosure is vital to the regulatory system, regulators spend considerable effort to validate appropriate financial reporting (e.g., audits, compliance evaluation, actuarial opinions, etc.) to allow for extensive analysis without significant extra attention from the company, thereby keeping the companies’ potential regulatory disruptions to a minimum.


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