As at June 30th, 2018, CDIC’s most recent published financial results, the Corporation’s ex ante funding stood at $4.5 billion, or 57 basis points of insured deposits compared to its minimum target level of 100 basis points of insured deposits. Currently, CDIC expects to meet its minimum target by March 31, 2025.
Premium revenues were $160 million for the first quarter and are expected to be $639 million for the entire fiscal year. Net operating expenses were $9 million in Q1 and our forecasted at $47 million for the year, $1 million under the budget originally set.
As at April 30, 2018, the last reporting date for our members, total member deposits stood at $3.08 trillion and insured deposits were $792 billion, up 2.3% from last year.