How much were the premiums collected and claims paid in recent years?

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The premiums collected, claims paid, change in required liabilities and the Fund’s operating loss ratio are shown in the table below.

Year	Premiums Collected [A]	Total monies required for Fund Operation [B] + [C]	Operating Loss Ratio* ([B]+[C])/[A]
Claims Paid [B]	Change in Required Liabilities [C]
2020	$1,971m	$1,046m	$974m	102%
2021	$2,343m	$1,197m	$1,447m	113%
2022	$2,422m	$1,259m	$892m	89%
2023	$2,471m	$1,384m	$954m	95%
2020-2023	$9,207m	$4,886m	$4,267m	100%

*Does not include expenses and investment returns

The total premiums collected between 2020 and 2023 matched the current and expected claim commitments over the same duration. This is shown by the Operating Loss Ratio for the Fund, which was 100% over 2020-2023.

How much were the premiums collected and claims paid in recent years?

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