The financial summary reflects a strong and healthy insurance operation. Your Society, through prudent management of it's investments and expenses, has not only been able to meet all of it's obligations but increase it's surplus funds each year!

 

					SURPLUS
ASSETS	12/2007		12/2006		CHANGE
BONDS	27,685,144		27,077,883		607,261
PREFERRED STOCK	616,217		569,350		46,867
COMMON STOCK	-		-		-
REAL ESTATE	115,015		158,515		(43,500)
POLICY LOANS	701,955		661,933		40,022
CASH/BANK	355,272		352,037		3,235
DATA PROCESSING	50,225		58,462		(8,237)
CAPITAL IMPROVEMENTS	61,285		65,662		(4,377)
PREMIUM DUE/DEFERRED	785,938		801,585		(15,647)
INTEREST DUE/ACCRUED	272,400		287,738		15,338
ALLIANCE PREMIUM REC	4,581		-		4,581
TOTALS:	30,648,033		30,033,165		614,868
					SURPLUS
LIABILITIES	12/2007		12/2006		CHANGE
LIFE RESERVES	18,200,427		17,814,013		(386,414)
A & H RESERVES	3,591		3,841		250
PRE-NEED RESERVE	25,594		-		(25,594)
LIFE CLAIMS	370,000		370,000		-
A & H CLAIMS	1,000		1,000		-
PREMIUM REC IN ADVANCE	92,967		95,569		2,602
IMR RESERVE	116,339		170,218		53,879
GENERAL EXPENSES	57,611		50,750		(6,861)
TAXES, LICENSES & FEES	1,000		1,000		-
UNEARNED INV. INCOME	17,549		16,548		(1,001)
AMTS W/H OR RETAINED	10,733		1,046		(9,687)
AVR RESERVE	195,205		155,830		(39,375)
TOTALS:	19,092,016		18,679,815		(412,201)
UNASSIGNED SURPLUS	11,556,018		11,353,350		202,668

					SURPLUS
INCOME	12/2007		12/2006		CHANGE
PREMIUM INCOME	4,000,973		4,081,843		(80,870)
NET INVESTMENT INCOME	1,375,844		1,333,019		42,825
IMR INCOME	313,437		240,751		72,686
TOTALS:	5,690,254		5,655,613		34,641
					SURPLUS
DISBURSEMENTS	12/2007		12/2006		CHANGE
DEATH CLAIMS	2,301,465		2,434,859		133,394
ANNUITY/OLD AGE BENEFITS	150,195		146,261		(3,934)
DISABILITY BENEFITS	50		(1,800)		(1,850)
SURRENDER BENEFITS	383,469		331,674		(51,795)
INCREASE IN RESERVES	411,758		457,840		46,082
PRE-NEED COMMISSIONS	2,418		1,000		(1,418)
GENERAL EXPENSES	2,020,006		2,018,849		(1,157)
FRATERNAL EXPENSES	163,784		145,392		(18,392)
TAXES, LICENSES & FEES	76,376		75,672		(704)
CHANGE IN LOADING	(14,286)		(18,292)		(4,006)
TOTALS:	5,495,235		5,591,455		96,220
NET INCOME	195,019		64,158		130,861
NET REALIZED INV. GAINS	45,751		26,538		19,213
NET GAIN FROM OPERATION	240,770		90,696		150,074
SURPLUS STATEMENT
NET INCOME FROM OPERATIONS	240,770		90,696		150,074
CHANGE IN UNREALIZED LOSS	-		-		-
CHANGE IN AVR RESERVE	(39,375)		(43,701)		(4,326)
PRIOR YEAR ADJUSTMENT	1,273		-		1,273
GAIN/LOSS SURPLUS	-		-		-
CHANGE IN SURPLUS FUNDS	202,668		46,994		155,674
SURPLUS FUNDS PRIOR	11,353,350	*2006	11,306,356	*2005	46,992
SURPLUS FUNDS CURRENT	11,556,018		11,353,351		202,668