Troy Downing was elected Montana State Auditor in 2020. As the State Auditor and Commissioner of Securities and Insurance, Troy Downing oversees the criminal justice agency protecting Montana’s consumers by ensuring fairness, transparency, and access for two of the state’s largest industries—securities and insurance. Commissioner Downing is committed to consumer education and advocacy, holding bad actors accountable, lowering insurance costs, and reducing unnecessary regulations for Montana businesses.

Commissioner Downing, as the elected State Auditor, serves on the Montana Board of Land Commissioners overseeing management and stewardship of state trust lands for the primary benefit of funding Montana’s public education system.

As a member of the National Association of Insurance Commissioners (NAIC), Commissioner Downing was selected by his peers to serve as Vice-Chair of the Health Insurance and Managed Care Committee. This critical committee is charged with coordinating state approaches to health insurance regulation, including efforts by states to control health care costs. Commissioner Downing also serves as Chair of the American Indian and Alaskan Native Liaison Committee. As Chair, he led the discussion between the NAIC and American Indian and Alaskan Native communities on important insurance issues of common interest, including the availability of insurance and consumer protection. Commissioner Downing also brings value as a designated member of the Cybersecurity, Technology and Innovation Committee, International Liaison Committee, and Government Relations Leadership Council.

Commissioner Downing began his career in education as a research scientist and educator at the Courant Institute of Mathematical Sciences at New York University. In the 1990s, he founded a technology startup company that he successfully merged with Yahoo! Inc. He then went on to help other startup companies succeed through seed funding and mentorship. After his career in the tech industry, Commissioner Downing founded a nationwide commercial insurance company and a nationwide real estate firm that creates, sells, and manages real estate investment securities.

Commissioner Downing’s strong sense of public service led him to enlist after 9/11 in the U.S. Air Force/Air National Guard, serving eight years in a Combat Search and Rescue squadron and serving two tours of duty in Afghanistan. Today, he continues his service to veterans as an advisory board member to and volunteer for the Warriors and Quiet Waters (WQW) Foundation. The foundation is a Montana-based organization that uses fly fishing and Montana’s natural beauty as a simple, but powerfully effective, healing therapy for post-9/11 combat veterans and their families.

Commissioner Downing and his wife, Heather, have four grown children and live in Helena, Montana.