NSS Annual Financial Statement
2023-2022 Annual Recap
Statement as of December 31, 2023
NSS Four Year Overview of Operations
2022-2019 Historical Data
Statement as of January 1, 2023
Historical Data/Year: | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
Life Insurance in Force | 627,543,000 | 627,543,000 | 606,092,000 | 582,785,000 |
Annuities in Force | 1,377,139,000 | 1,377,139,000 | 1,212,218,000 | 1,099,409,000 |
Aggregate Annuity/Life Reserves | 1,575,671,000 | 1,474,993,500 | 1,295,552,000 | 1,174,663,000 |
First Year Premium Life | 207,817 | 207,817 | 283,812 | 610,165 |
Single & Renewal Life Premium | 25,203,638 | 25,203,638 | 15,299,390 | 13,935,977 |
Annuity Premium | 245,762,062 | 245,762,062 | 175,676,140 | 163,939,613 |
Total Premium Income | 271,173,517 | 271,173,517 | 191,259,342 | 177,265,425 |
Net Admitted Assets | 1,762,019,273 | 1,648,444,321 | 1,450,739,940 | 1,317,899,478 |
Total Admitted Liabilities | 1,254,447,855 | 1,254,447,855 | 1,380,057,742 | 1,254,447,855 |
Asset Valuation Reserve | 13,542,800 | 12,546,000 | 10,358,500 | 8,832,000 |
Interest Maintenance Reserve | 4,681,099 | 4,548,975 | 5,581,682 | 5,339,330 |
Surplus | 34,887,962 | 80,941,812 | 70,682,198 | 64,096,623 |
Total Reserves/Surplus | 98,036,787 | 98,036,787 | 86,622,380 | 78,267,953 |
Investment Income | 81,575,937 | 69,950,355 | 60,715,911 | 56,411,081 |
General & Fraternal Expenses | 7,519,923 | 6,360,845 | 5,383,065 | 4,978,732 |
Annuity Benefits Paid | 155,488,617 | 126,878,865 | 104,412,827 | 108,950,633 |
Cash Surrender Benefits | 515,413 | 515,413 | 947,973 | 520,118 |
Matured Endowments | 42,321 | 31,786 | 11,395 | 23,981 |
Insurance Death Benefits | 12,075,549 | 7,676,447 | 6,921,974 | 6,952,244 |
Life Certificates | 22,984 | 22,984 | 23,252 | 22,984 |
Annuity Certificates | 17,523 | 17,523 | 18,388 | 17,523 |
Members: | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
Adults | 32,765 | 32,765 | 29,117 | 27,281 |
Juvenile | 3,692 | 3,692 | 3,427 | 3,260 |
TOTAL | 36,457 | 36,457 | 32,544 | 30,541 |