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Financial Health of the Fraternal System

Financial Health of the Fraternal System. Presented to the Joint Presidents and Fraternal O perations Section Mid-Year Meeting April 28, 2013. Alliance Solvency Measures. Criteria Thresholds. Alliance Solvency Measures. Operational Measures. Premium Collected (in billions)

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Financial Health of the Fraternal System

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  1. Financial Health of the Fraternal System Presented to the Joint Presidents and Fraternal Operations Section Mid-Year Meeting April 28, 2013

  2. Alliance Solvency Measures Criteria Thresholds

  3. Alliance Solvency Measures

  4. Operational Measures Premium Collected (in billions) • System-wide, premium and annuity considerations declined 1.5% in 2013 • Fraternal system composition – 39% life premiums, 56% annuity considerations, 5% health premiums • Commercial companies composition – 20% life premiums, 53% annuity considerations, 27% health premiums

  5. Operational Measures Change in Net Premium

  6. Operational Measures Net Operating Gain (Loss) to Surplus • The commercial ratio is the net gain from operations before federal income tax to surplus

  7. Questions??? Thank you! Heather Hafeman, CPA Partner Strohm Ballweg, LLP

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