| FINANCIAL STABILITY – The financial condition of a life insurance organization is an important part in public confidence. In this regard we prepared the following report on:the fundamental factors listed below are significant. The following is a comparative analysis of these basic factors, comparing KSKJ Life, American Slovenian Catholic Union featuring a comparative analysis of key financial ratios comparing this company with 25 of the largest United States Life Insurance Companies. |
These 25 United States Life Insurance Companies have been in business for an average of over 100 years and own a major portion of the invested assets and life insurance in force of all the companies. Thus, a favorable comparison of the financial ratios for the company featured herein with the 25 largest companies can be indicative of the company's financial stability. KEY FINANCIAL RATIOS - DERIVED FROM THE ANNUAL STATEMENTS AS OF DECEMBER 31, 2009 The 25 largest companies are 25 of the largest by the amount of Admitted Assets as of December 31, 2009 SOLVENCY (Assets for each $100 of liabilities)
A high ratio of Assets over Liabilities is a significant safety factor. This indicates that a company has enough assets to cover its liabilities and to meet all obligations as they become due. Assets for each $100 of Liabilities as of December 31, 2009 Aetna Life Ins. Co. CT
| $127.55
| | Minnesota Life Ins. Co. MN
| $108.27 | | Allstate Life Ins. Co. IL | $105.82
| | Nationwide Life Ins. Co. NY | $103.65 | | American Family Life Assurance Co. GA | $108.24
| | New York Life Ins. Co. NY
| $113.14
| AXA Equitable Life Assurance Society NY
| $102.52 | | Northwestern Mutl Life Ins. Co. WI
| $108.04
| Connecticut General Life Ins. Co. CT
| $118.11 | | Pacific Life Ins. Co. CA
| $105.58 | Great-West Life and Ann. Ins. Co. CO
| $103.56 | | Phoenix Life Ins. Co. CT | $103.66
| Guardian Life Ins. Co. of America NY
| $115.68
| | Principal Life Ins. Co. IA
| $104.02 | | Hartford Life Ins. Co. CT | $103.98
| | Protective Life Ins. Co. TN
| $110.88
| Jackson National Life Ins. Co. MI
| $105.38
| | Prudential Ins. Co. of Amer. NJ | $104.65
| John Hancock Life Ins. Co. (USA) MI
| $102.53
| | Riversource Life Ins. Co. MN | $104.32
| | Lincoln National Life Ins. Co. IN | $104.56
| | State Farm Life Ins. Co. IL
| $133.39
| Massachusetts Mutual Life Ins. Co. MA
| $108.26
| | Transamerica Life Ins. Co. IA
| $105.21
| Metropolitan Life Ins. Co. NY
| $104.56
| | Average
| $105.85
| | | | | KSKJ Life
| $103.62
|
LIQUID ASSETS Assets in Bonds, Stocks, Cash and Short-Term Investments for each $100 of Liabilities This ratio measures a company's ability to meet its anticipated obligations to certificate holders. A high ratio indicates a more liquid investment position with which an insurer can meet unforeseen emergency cash requirements that may arise. $47.89
| $100.92
| | Average | KSKJ Life
|
ADDITIONAL SOCIETY STRENGTH
The following ratios are per $1000 of life insurance in force. They show further proof of financial strength and stability: | | Average | KSKJ Life
| | Assets per $1,000 | $151.21
| $658.26
| Reserves per $1,000
| 64.97
| 591.26 | Surplus per $1,000
| 8.35
| 22.99
|
FINANCIAL STATEMENT SUMMARY AS OF DECEMBER 31, 2009 | Admitted Assets | $148,729,369 | | Benefits to Certificate Holders | 9,271,034 | | Certificate Reserves | 133,590,942
| | Net Investment Income | 7,286,886
| | Total Liabilities | 143,534,527 | | Total Income | 54,751,162
| | Gross Surplus (including Capital) | 5,194,838 | | Insurance Issued | 12,428,000
| | Insurance in Force | 225,942,000 |
CONCLUSION
Based on the financial results achieved in the year ending 2009, the comparative analysis made of the organization featured herein is favorable when compared to the aggregate averages of 25 of the largest life insurance companies. Disclaimer: Standard Analytical Service, Inc., is independent of any insurance company or companies, and we do not sell any kind of insurance. Our financial reports and comparisons, reprints of which are paid for by the companies, are based on statutory financial statements filed with the state insurance departments. This report should not be interpreted as an analysis of the stock value of a capital stock company, nor is it intended to imply that the company featured will be as successful or is better than the companies making up the aggregate averages, nor is it a recommendation or analysis of the specific policy provisions, rates, or claims practices of the organization featured. Its use for all companies, stock, mutual, or fraternal, is intended to serve as a guide with respect to the current financial responsibility of the individual company featured herein, based upon the current statutory financial statements on file with the state insurance departments where they are available for public inspection. Standard Analytical Service, Inc. 5960 Howdershell Road - Suite 101, St. Louis, MO 63042 Publishers of Independent Insurance Reports since 1932 |
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During the late 1800s, the Slovenians began immigrating to the United States in increasing numbers. Instead of finding better economic conditions than they experienced in the "old country," many faced hardship and unemployment.
