Audit: Pinnacle Assurance receives clean statutory opinion; surplus and related‑party items noted

The Legislative Audit Committee accepted the audit presentation of Pinnacle Assurance’s audited statutory financial statements for the year ended Dec. 31, 2023. Independent auditors Johnson Lambert issued an unmodified opinion on Pinnacle’s statutory basis financial statements but noted the statements are prepared on a statutory (regulatory) basis rather than U.S. generally accepted accounting principles (GAAP).