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Current Financial Results
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2011 3rd Quarter Results - National Slovak Society
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| Net Admitted
Assets |
| |
3rd Quarter
2011 |
|
December
2010
|
|
Bonds |
$545,860,200 |
|
$481,678,193
|
|
Preferred Stocks |
2,948,616 |
|
3,768,516
|
|
Common Stocks |
421,611 |
|
530,894
|
|
Mortgages On Real
Estate |
6,239,728
|
|
4,020,600
|
Real Estate
Occupied
By Society |
835,788 |
|
917,721
|
|
Certificate
Loans |
337,728 |
|
300,274
|
|
Cash On
Deposit |
11,265,907 |
|
16,661,523
|
|
Computer
Equipment |
0 |
|
0
|
|
Deferred
Premiums |
93,358 |
|
145,124
|
|
Investment
Income |
7,129,387 |
|
5,732,995
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|
Totals |
$570,389,648 |
|
$513,755,840
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|
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Liabilities &
Unassigned Surplus
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| |
3rd Quarter
2011
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December
2009
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|
Aggregate Reserves |
$529,000,000 |
|
$477,984,264
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|
Certificate
Claims |
210,000 |
|
210,000
|
|
Deposit-Type
Contracts |
22,672,298 |
|
18,960,250
|
|
Refunds
Due/Unpaid |
200,000 |
|
200,000
|
|
General Expenses
Due |
1,063,400 |
|
818,200
|
|
Retained By
Society As Trustee |
335,396 |
|
442,688
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Commissions
Due |
53,750 |
|
107,000
|
|
Asset Valuation
Reserve |
1,211,500 |
|
1,017,500
|
|
Interest
Maintenance Reserve |
3,288,315 |
|
3,476,349
|
|
Contingency
Reserve |
150,000 |
|
150,000
|
|
Unassigned
Funds |
12,204,989 |
|
10,389,589
|
|
Totals |
$570,389,648 |
|
$513,755,840
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| Summary Of
Operations |
| |
3rd Quarter
2011
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|
December
2010
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|
Life Premium &
Annuity Income |
$77,920,116 |
|
$173,242,666
|
|
Net Investment
Income |
21,688,714 |
|
23,299,007
|
|
Amortization Of
Interest Maintenance Reserve |
(25,583) |
|
(36,529)
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Income Sub-Total |
$99,583,247 |
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$196,505,144
|
| |
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Death
Benefits |
880,121 |
|
1,318,960
|
|
Matured
Endowments |
34,487 |
|
670
|
|
Annuity
Benefits |
40,180,142 |
|
51,706,928
|
|
Disability/Health
Benefits |
356 |
|
764
|
|
Surrender
Benefits |
161,857
|
|
155,271
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|
Certificate
Interest |
12,879 |
|
15,252 |
|
Increase In
Aggregate Life Reserves |
51,015,736 |
|
133,926,557
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Commissions |
2,373,333 |
|
4,985,624
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|
General
Expenses |
2,350,194 |
|
2,638,776
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Insurance,
Taxes, Fees |
93,573 |
|
162,166
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Expense
Sub-Total |
$97,102,678 |
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$194,910,968
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| |
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Net Gain From
Operations Before Refunds To Members |
$2,480,569 |
|
$1,594,176
|
|
Refunds To
Members |
(154,498) |
|
(207,347)
|
|
Net Gain After
Refunds To Members |
2,326,071 |
|
1,386,829
|
|
Net Realized
Capital Gain |
2,759 |
|
(852,347)
|
|
Total
Net Income |
$2,328,830 |
|
$534,482
|
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| Surplus
Account |
| |
3rd Quarter
2011
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December
2010
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|
Beginning Surplus
|
$10,539,589
|
|
$8,698,722
|
|
Net Income From
Operations |
2,328,830
|
|
534,482
|
|
Change in Net
Realized Capital Gains or (Losses)
|
(368,035)
|
|
1,020,536
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| Change in NonAdmitted Assets
|
48,605 |
|
363,649 |
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Change In Asset
Valuation Reserve |
(194,000)
|
|
(527,800)
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Aggregate Write-ins for Gains and Losses in Surplus |
0 |
|
450,000 |
|
Net Change In
Surplus |
1,815,400
|
|
1,840,867
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Surplus At Year
End |
$12,354,989
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|
$10,539,589
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Submitted by Linda M. Strom
National
Secretary/Treasurer
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1-800-488-1890
