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	12/2006		12/2005		CHANGE
BONDS	27,077,883		26,854,732		223,151
PREFERRED STOCK	569,350		499,842		69,508
COMMON STOCK	-		-		-
REAL ESTATE	158,515		202,015		(43,500)
POLICY LOANS	661,933		633,386		28,547
CASH/BANK	352,037		287,297		64,740
DATA PROCESSING	58,462		61,319		(2,857)
CAPITAL IMPROVEMENTS	65,662		-		65,662
PREMIUM DUE/DEFERRED	801,585		818,878		(17,293)
INTEREST DUE/ACCRUED	287,738		274,561		13,177
TOTALS:	30,033,165		29,632,031		401,134
					SURPLUS
LIABILITIES	12/2006		12/2005		CHANGE
LIFE RESERVES	17,814,013		17,353,308		(460,705)
A & H RESERVES	3,841		6,706		2,865
LIFE CLAIMS	370,000		370,000		-
A & H CLAIMS	1,000		3,000		2,000
PREMIUM REC IN ADVANCE	95,569		95,217		(352)
IMR RESERVE	170,218		301,771		131,553
GENERAL EXPENSES	50,750		61,250		10,500
TAXES, LICENSES & FEES	1,000		3,500		2,500
UNEARNED INV. INCOME	16,548		15,835		(713)
AMTS W/H OR RETAINED	1,046		2,959		1,913
AVR RESERVE	155,830		112,129		(43,701)
TOTALS:	18,679,815		18,325,675		(354,140)
UNASSIGNED SURPLUS	11,353,351		11,306,356		46,995

					SURPLUS
INCOME	12/2006		12/2005		CHANGE
PREMIUM INCOME	4,081,843		4,191,364		(109,521)
NET INVESTMENT INCOME	1,333,019		1,291,568		41,451
IMR INCOME	240,751		202,388		38,363
TOTALS:	5,655,613		5,685,320		(29,707)
					SURPLUS
DISBURSEMENTS	12/2006		12/2005		CHANGE
DEATH CLAIMS	2,434,859		2,217,510		(217,349)
ANNUITY/OLD AGE BENEFITS	146,261		144,659		(1,602)
DISABILITY BENEFITS	(1,800)		(16,217)		(14,417)
SURRENDER BENEFITS	331,674		341,260		9,586
INCREASE IN RESERVES	457,840		571,267		113,427
COMMISSIONS	1,000		1,000		-
GENERAL EXPENSES	2,018,849		1,855,637		(163,212)
FRATERNAL EXPENSES	145,392		160,075		14,683
TAXES, LICENSES & FEES	75,672		73,275		(2,397)
CHANGE IN LOADING	(18,292)		(15,045)		3,247
TOTALS:	5,591,455		5,333,421		(258,034)
NET INCOME	64,158		351,899		(287,741)
NET REALIZED INV. GAINS	26,538		42,654		(16,116)
NET GAIN FROM OPERATION	90,696		394,553		(303,857)
SURPLUS STATEMENT
NET INCOME FROM OPERATIONS	90,696		394,553		(303,857)
CHANGE IN UNREALIZED LOSS	-		-		-
CHANGE IN AVR RESERVE	(43,701)		(32,656)		11,045
PRIOR YEAR ADJUSTMENT	-		-		-
GAIN/LOSS SURPLUS	-		-		-
CHANGE IN SURPLUS FUNDS	46,994		361,896		(314,902)
SURPLUS FUNDS PRIOR	11,306,356	*2005	10,944,459	*2004	361,895
SURPLUS FUNDS CURRENT	11,353,351		11,306,357		46,995