National Slovak Society         1-800-488-1890                                                              
National Slovak Society of the USA
"We Invite You To Join Our Fraternal Family"

Our Financial Story

Financial Snapshot ] [ Five Year Financial Snapshot ]

 

Five Year Financial Recap 2012 - 2008

Historical Data /Year
2012
2011
2010
2009
2008
  Life Insurance In Force
 $313,024,104
 $252,114,144
 $223,034,025
 $201,579,706
 $183,963,000
  Annuities In Force
 $558.065,976
 $507,173,696
 $449,933,051
 $318,784,401
 $226,693,000
        Total In Force
$871,090,080
$739,287,840
$672,967,076
$520,364,107
$410,656,000
  Aggregate Life Reserves
$599,041,260
$540,725,502
$477,984,264
$344,507,707
$250,384,990
  First Year Life Premium
  $308,592
  $283,974
  $187,515
  $196,483
  $183,073
  Single & Renewal
  $9,510,534
  $6,947,831
  $2,838,230
  $2,245,572
  $1,688,538
  Annuity Premium
$96,315,365
$92,882,767
$170,216,921
$109,374,098
 $45,190,281
        Total Premiums
$106,134,491
$100,114,572
$173,242,666
$111,816,153
 $47,061,892
  Net Admitted Assets
$651,598,874
$584,879,949
$513,755,840
$370,283,342
$269,875,971
  Asset Valuation Reserve
$2,284,000
$1,317,600
$1,017,500
$489,700
$131,600
  Interest Maintenance Reserve 
$2,876,311
$3,411,001
$3,476,349
$3,243,644
$3,269,740
  Surplus
$17,380,350
$13,469,454
$10,389,589
$8,698,722
$7,160,501
       Total Reserves/Surplus
$22,540,661
$18,198,055
$14,883,438
$12,432,066
$10,561,841
  Normal Solvency Ratio [*]
103.6[102.8]
103.2[102.4]
103[102.1]
103.5[102.4]
104[103]
  Investment Income
$31,128,114
$29,348,130
$23,299,007
$17,852,003
$14,814,890
  Investment Interest
5.17%
5.49%
5.41%
5.74%
6.04%
  General/Fraternal Expenses
$3,303,440
$3,143,378
$2,638,776
$2,837,912
$2,385,363
  Commissions Paid
$3,362,323
$3,082,232
$4,985,624
$3,055,686
$1,433,300
  Annuity Benefits Paid
$65,107,124
$54,942,852
$51,706,928
$26,359,902
$24,404,182
  Cash Surrender Benefits
$450,390
$216,221
$155,271
$201,628
$185,803
  Matured Endowments Paid
$36,415
$40,320
$670
$9,737
$33,964
  Life Death Benefits
$1,568,544
$1,276,273
$1,318,960
$1,008,063
$1,151,127
        Total Benefits Paid
$67,162,473
$55,188,999
$53,181,829
$27,579,330
$25,775,076
  Dividend To Members
$257,440
$231,087
$207,347
$177,512
$175,714
  Life Certificates
20,041
19,455
19,312
18,749
18,807
  Annuity Certificates
13455
13,424
12,420
8,687
6,116
  Certificate Gains (Losses)
617
1,147
4,296
2,513
743
  Insurance Expense %
6.3%
6.2%
4.4%
5.3%
8.1%
  Lapse Percent
1.0
0.9
1.3
4.0
5.5

Note: [*] includes special reserves.

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This page was last updated March 5, 2013