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Current Financial Results
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2012 1st Quarter Results - National Slovak Society
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| Net Admitted
Assets |
| |
1st Quarter
2012 |
|
December
2011
|
|
Bonds |
$574,048,560 |
|
$556,295,044
|
|
Preferred Stocks |
2,991,859 |
|
2,964,026
|
|
Common Stocks |
571,859 |
|
586,686
|
|
Mortgages On Real
Estate |
6,120,890
|
|
6,185,173
|
Real Estate
Occupied
By Society |
825,110 |
|
830,449
|
|
Certificate
Loans |
370,931 |
|
367,56
|
|
Cash On
Deposit |
9,859,661 |
|
10,700,607
|
|
Computer
Equipment |
0 |
|
0
|
|
Deferred
Premiums |
78,303 |
|
75,662
|
|
Investment
Income |
7,173,072 |
|
6,874,776
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Totals |
602,040,245 |
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$584,879,949
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Liabilities &
Unassigned Surplus
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| |
1st Quarter
2012 |
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December
2011
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|
Aggregate Reserves |
$555,972,500 |
|
$540,725,502
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Certificate
Claims |
360,000 |
|
360,000
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|
Deposit-Type
Contracts |
23,823,864 |
|
23,356,894
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Refunds
Due/Unpaid |
225,000 |
|
225,000
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General Expenses
Due |
1,207,850 |
|
1,106,400
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|
Retained By
Society As Trustee |
503,743 |
|
688,098
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|
Commissions
Due |
12,500 |
|
70,000
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|
Asset Valuation
Reserve |
1,990,000 |
|
1,317,600
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|
Interest
Maintenance Reserve |
3,240,466 |
|
3,411,001
|
|
Contingency
Reserve |
150,000 |
|
150,000
|
|
Unassigned
Funds |
14,554,322 |
|
13,469,454
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|
Totals |
$602,040,245 |
|
$584,879,949
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| Summary Of
Operations |
| |
1st Quarter
2012
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December
2011
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|
Life Premium &
Annuity Income |
$26,075,389 |
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$100,114,572
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Net Investment
Income |
7,682,188 |
|
29,348,180
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Amortization Of
Interest Maintenance Reserve |
30,184 |
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(38,364)
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Income Sub-Total |
33,787,761 |
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$129,424,388
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| |
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Death
Benefits |
322,813 |
|
1,276,273
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Matured
Endowments |
20,125 |
|
40,320
|
|
Annuity
Benefits |
14,745,951 |
|
54,942,852
|
|
Disability/Health
Benefits |
0 |
|
694
|
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Surrender
Benefits |
107,360
|
|
216,221
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Certificate
Interest |
3,763 |
|
29,232 |
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Increase In
Aggregate Life Reserves |
15,246,998 |
|
62,741,238
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Commissions |
826,619 |
|
3,082,232
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General
Expenses |
862,817 |
|
3,143,378
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Insurance,
Taxes, Fees |
40,434 |
|
111,463
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Expense
Sub-Total |
$32,176,880 |
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$125,583,903
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| |
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Net Gain From
Operations Before Refunds To Members |
1,610,881 |
|
3,840,485
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|
Refunds To
Members |
52,038 |
|
231,087
|
|
Net Gain After
Refunds To Members |
1,558,843 |
|
3,609,398
|
|
Net Realized
Capital Gain |
13,168 |
|
(25,682)
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Total
Net Income |
$1,572,011 |
|
$3,583,716
|
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| Surplus
Account |
| |
1st Quarter
2012
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December
2011 |
|
Beginning Surplus
|
$13,619,454
|
|
$10,539,589
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Net Income From
Operations |
1,572,011
|
|
3,583,716
|
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Change in Net
Realized Capital Gains or (Losses)
|
185,257
|
|
(67,248)
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| Change in NonAdmitted Assets
|
0 |
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(136,503) |
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Change In Asset
Valuation Reserve |
(672,400)
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(300,100)
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Aggregate Write-ins for Gains and Losses in Surplus |
0 |
|
0 |
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Net Change In
Surplus |
1,084,868
|
|
3,079,865
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Surplus At Year
End |
$14,704,322
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|
$13,619,454
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Submitted by Linda M. Strom
National
Secretary/Treasurer
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1-800-488-1890
