Montana's Premium Tax
As Montana's captive insurance industry has grown over the past several years, so has its positive economic impact in the form of premium taxes paid to the state. The information provided below illustrates the growth in premium tax revenue since 2001. MCIA expects this positive trend line will continue for many years to come.
| YEAR | YEARLY FORMATIONS | TOTAL FORMATIONS | YEARLY SURRENDERS | TOTAL SURRENDERS | TOTAL CAPTIVES AT YEAR-END | PREMIUM TAX COLLECTED | DIRECT PREMIUM WRITTEN |
| 2001 | 1 | 1 | 0 | 0 | 1 | $0.00 | $0.00 |
| 2002 | 4 | 5 | 0 | 0 | 5 | $20,037.00 | $8,750,200.00 |
| 2003 | 4 | 9 | 0 | 0 | 9 | $51,713.00 | $6,419,100.00 |
| 2004 | 5 | 14 | 3 | 3 | 11 | $72,569.00 | $7,690,736.00 |
| 2005 | 3 | 17 | 1 | 4 | 13 | $86,696.00 | $14,759,504.00 |
| 2006 | 8 | 25 | 0 | 4 | 21 | $161,994.00 | $31,580,902.00 |
| 2007 | 10 | 35 | 1 | 5 | 30 | $226,168.00 | $37,877,161.00 |
| 2008 | 9 | 44 | 3 | 8 | 36 | $339,585.00 | $65,123,909.00 |
| 2009 | 16 | 60 | 4 | 12 | 48 | $420,070.00 | $74,863,332.00 |
| 2010 | 29 | 89 | 5 | 17 | 72 | $619,539.00 | $88,724,747.00 |
| 2011 | 51 | 140 | 8 | 25 | 115 | $804,583.00 | $120,274,295.00 |
| 2012 | 36 | 176 | 7 | 32 | 144 | $1,034,625.00 | $165,605,660.00 |
| 2013 | 69 | 245 | 15 | 47 | 198 | $1,385,155.00 | $196,833,421.00 |
| 2014 | 85 | 330 | 18 | 65 | 265 | $1,546,674.00 | $227,206,651.00 |
| 2015 | 78 | 408 | 37 | 102 | 306 | $1,689,834.00 | $245,096,707.00 |
| 2016 | 60 | 468 | 32 | 134 | 334 | $1,709,616.67 | $246,394,168.00 |
| 2017 | 43 | 511 | 54 | 188 | 323 | $1,697,552.00 | $229,896,606.00 |
| 2018 | 25 | 536 | 62 | 250 | 286 | $1,369,835.00 | $203,398,282.00 |
| 2019 | 40 | 576 | 34 | 284 | 292 | $1,416,035.00 | $218,503,586.00 |
| 2020 | 23 | 599 | 42 | 326 | 273 | $1,550,790.00 | $235,723,800.00 |
| 2021 | 29 | 628 | 41 | 367 | 261 | $1,555,009.00 | $259,564,468.00 |
| 2022 | 47 | 675 | 39 | 406 | 269 | $1,319,867.25 | $245,070,952.78 |
| 2023 | 50 | 725 | 54 | 460 | 263 | $1,519,702.00 | $263,183,573.00 |
| 2024 | 37 | 762 | 45 | 505 | 257 | $1,847,127.00 | $288,399,177.00 |
| 2025 | 47 | 809 | 22 | 527 | 285 | $2,001,547.00 | $295,784,436.00 |
| TOTAL | 809 | 809 | 527 | 527 | 285 | $24,446,322.92 | $3,776,725,373.78 |