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 2010 - 2006

Historical Data /Year
2010
2009
2008
2007
2006
  Life Insurance In Force
 $223,034,025
 $201,579,706
 $183,963,000
 $167,431,000
 $149,992,000
  Annuities In Force
 $449,933,051
 $318,784,401
 $226,693,000
 $197,154,000
 $182,321,000
        Total In Force
$672,967,076
$520,364,107
$410,656,000
$364,585,000
$332,313,000
  Aggregate Life Reserves
$477,984,264
$344,507,707
$250,384,990
$219,769,100
$203,699,600
  First Year Life Premium
  $187,515
  $196,483
  $183,073
  $179,016
  $159,233
  Single & Renewal
  $2,838,230
  $2,245,572
  $1,688,538
  $1,582,821
  $1,492,402
  Annuity Premium
$170,216,921
$109,374,098
 $45,190,281
 $32,639,170
 $16,291,158
        Total Premiums
$173,242,666
$111,816,153
 $47,061,892
 $34,401,007
 $17,942,793
  Net Admitted Assets
$513,755,840
$370,283,342
$269,875,971
$235,750,882
$216,562,000
  Asset Valuation Reserve
$1,017,500
$489,700
$131,600
$1,225,120
$1,277,650
  Interest Maintenance Reserve 
$3,476,349
$3,243,644
$3,269,740
$3,049,872
$3,053,415
  Surplus
$10,389,589
$8,698,722
$7,160,501
$6,903,345
$5,955,549
       Total Reserves/Surplus
$14,883,438
$12,432,066
$10,561,841
$11,178,337
$10,286,614
  Normal Solvency Ratio [*]
103[102.1]
103.5[102.4]
104[103]
105[103]
105[103]
  Investment Income
$23,299,007
$17,852,003
$14,814,890
$12,947,766
$12,059,842
  Investment Interest
5.41%
5.74%
6.04%
5.89%
5.83%
  General/Fraternal Expenses
$2,638,776
$2,837,912
$2,385,363
$2,194,713
$2,050,963
  Commissions Paid
$4,985,624
$3,055,686
$1,433,300
$1,262,108
$731,886
  Annuity Benefits Paid
$51,706,928
$26,359,902
$24,404,182
$25,444,682
$18,928,647
  Cash Surrender Benefits
$155,271
$201,628
$185,803
$187,783
$135,968
  Matured Endowments Paid
$670
$9,737
$33,964
$15,197
$34,914
  Life Death Benefits
$1,318,960
$1,008,063
$1,151,127
$909,787
$691,378
        Total Benefits Paid
$53,181,829
$27,579,330
$25,775,076
$26,557,449
$19,790,907
  Dividend To Members
$207,347
$177,512
$175,714
$165,389
$123,905
  Life Certificates
19,312
18,749
18,807
18,642
18,537
  Annuity Certificates
12,420
8,687
6,116
5,538
5,411
  Certificate Gains (Losses)
5598(1302)
3797(1284)
2001(1258)
1485(1253)
1161(1048)
  Insurance Expense %
4.4%
5.3%
8.1%
10.0%
15.5%
  Lapse Percent
1.3
4.0
5.5
3.8
3.0

Note: [*] includes special reserves.

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This page was last updated March 2, 2011