National Slovak Society
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 Historical Data 2007 - 2003
A snapshot of the last five years that reflects our growth

 
Historical Data /Year
2007
2006
2005 2004 2003

Life Insurance In Force

 $167,431,000
 $149,992,000
$130,204,000
$117,919,000
$106,061,000

Annuities In Force

 $197,154,000
 $182,321,000
$176,453,000
$159,056,000 $143,382,000

Total In Force

$364,585,000
$332,313,000
$306,657,000 $276,975,000 $249,443,000

Aggregate Life Reserves

$219,769,100
$203,699,600
$196,533,650
$178,432,000 $162,176,000

First Year Life Premium

  $179,016
  $159,233
$129,143
$98,897
$73,103

Single & Renewal

  $1,582,821
  $1,492,402
$1,315,341
$1,058,881
$820,213

Annuity Premium

 $32,639,170
 $16,291,158
$20,940,040
$20,087,502
$56,684,916

Total Premiums

 $34,401,007
 $17,942,793
$22,384,524
$21,245,280
$57,578,232

Net Admitted Assets

$235,750,882
$216,562,000
$209,067,000
$190,845,000 $173,166,000

Asset Valuation Reserve

$1,225,120
$1,277,650
$1,467,100
$1,791,380 $1,867,400

Interest Maintenance Reserve 

$3,049,872
$3,053,415
$3,263,393
$2,925,698 $2,475,310

Surplus

$6,903,345
$5,955,549
$5,048,899
$4,958,194 $3,952,645

Total Reserves/Surplus

$11,178,337
$10,286,614
$9,779,392
$9,675,272 $8,295,355

Solvency Ratio [*]

103% [105]
103% [105]
102% [106]
102% [106] 102% [107]

Investment Income

$12,947,766
$12,059,842
$11,223,258
$10,683,139 $10,142,935

Investment Interest

5.89%
5.83%
5.78%
6.1% 7.2%

General/Fraternal Expenses

$2,194,713
$2,050,963
$1,808,915
$2,014,632 $2,272,189

Commissions Paid

$1,262,108
$731,886
$824,623
$762,587 $2,126,027

Annuity Benefits Paid

$25,444,682
$18,928,647
$11,391,292
$10,797,073 $8,432,529

Cash Surrender Benefits

$187,783
$135,968
$165,894
$143,271 $137,327

Matured Endowments Paid

$15,197
$34,914
$66,135
$45,041 $47,900

Life Death Benefits

$909,787
$691,378
$1,086,980
$797,363 $798,848

Total Benefits Paid

$26,557,449
$19,790,907
$12,710,301
$11,782,748 $9,416,604

Dividend To Members

$165,389
$123,905
$64,416
$117,017
$84,358

Life Certificates

18,642
18,537
18,315
18,224 18,459

Annuity Certificates

5,538
5,411
5,520
5,455 5,335

Certificate Gains (Losses)

1485(1253)
1161(1048)
1118(961)
1097(1212) 2206(919)

Mortality Ratio

TBD%
68.3%
86.1%
66.4% 67.5%

Insurance Expense %

10.0%
15.5%
11.8%
13.1% 7.6%

Lapse Percent

3.8
3.0
0.1
3.1
4.3

Note: [*] indicates the solvency ratio including all reserves and surpluses.

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© 2007 National Slovak Society   351 Valley Brook Road   McMurray   PA  15317-3337
Phone (724) 731-0094      Fax (724) 731-0145

This page was last updated March 11, 2008