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	12/2005		12/2004		CHANGE
BONDS	26,854,732		25,373,065		1,481,667
PREFERRED STOCK	499,842		588,074		(88,232)
COMMON STOCK	-		-		-
REAL ESTATE	202,015		245,515		(43,500)
POLICY LOANS	633,386		578,267		55,119
CASH/BANK	287,297		737,476		(450,179)
DATA PROCESSING	61,319		62,800		(1,481)
PREMIUM DUE/DEFERRED	818,878		828,337		(9,459)
INTEREST DUE/ACCRUED	274,561		283,886		(9,325)
TOTALS:	29,632,031		28,697,420		934,610
					SURPLUS
LIABILITIES	12/2005		12/2004		CHANGE
LIFE RESERVES	17,353,308		16,763,609		(589,699)
A & H RESERVES	6,706		25,138		18,432
LIFE CLAIMS	370,000		370,000		-
A & H CLAIMS	3,000		20,000		17,000
PREMIUM REC IN ADVANCE	95,217		95,397		180
IMR RESERVE	301,771		294,110		(7,661)
GENERAL EXPENSES	61,250		85,000		23,750
TAXES, LICENSES & FEES	3,500		3,000		(500)
UNEARNED INV. INCOME	15,835		14,457		(1,378)
AMTS W/H OR RETAINED	2,959		2,777		(182)
AVR RESERVE	112,129		79,473		(32,656)
TOTALS:	18,325,675		17,752,961		(572,714)
UNASSIGNED SURPLUS	11,306,356		10,944,459		361,896

					SURPLUS
INCOME	12/2005		12/2004		CHANGE
PREMIUM INCOME	4,191,364		4,207,383		(16,019)
NET INVESTMENT INCOME	1,291,568		1,245,456		46,112
IMR INCOME	202,388		276,927		(74,539)
TOTALS:	5,685,320		5,729,766		(44,446)
					SURPLUS
DISBURSEMENTS	12/2005		12/2004		CHANGE
DEATH CLAIMS	2,217,510		2,308,694		91,184
ANNUITY/OLD AGE BENEFITS	144,659		141,421		(3,238)
DISABILITY BENEFITS	(16,217)		5,635		21,852
SURRENDER BENEFITS	341,260		331,038		(10,222)
INCREASE IN RESERVES	571,267		606,788		35,521
COMMISSIONS	1,000		1,000		-
GENERAL EXPENSES	2,015,712		2,016,828		1,116
TAXES, LICENSES & FEES	73,275		76,588		3,313
CHANGE IN LOADING	(15,045)		(29,072)		(14,027)
TOTALS:	5,333,421		5,458,920		125,499
NET INCOME	351,899		270,846		81,053
NET REALIZED INV. GAINS	42,654		881		41,773
NET GAIN FROM OPERATION	394,553		271,727		122,826
SURPLUS STATEMENT
NET INCOME FROM OPERATIONS	394,553		271,727		122,826
CHANGE IN UNREALIZED LOSS	-		(81,861)		81,861
CHANGE IN AVR RESERVE	(32,656)		42,732		75,388
PRIOR YEAR ADJUSTMENT	-		-		-
GAIN/LOSS SURPLUS	-		-		-
CHANGE IN SURPLUS FUNDS	361,896		232,598		129,298
SURPLUS FUNDS PRIOR	10,944,459	*2004	10,711,859	*2003	232,598
SURPLUS FUNDS CURRENT	11,306,356		10,944,459		361,896