2016 Financial Statements

Since 1890, Assurity has been dedicated to protecting the financial security of our policyholders. We have been able to keep our promises because of our strong financial position and the commitment of our associates to our mission of helping people through difficult times.

A.M. Best Company, the insurance industry’s leading independent evaluator, has rated Assurity Life Insurance Company A- (Excellent)* with a stable outlook. This rating is given to companies that, in the opinion of A.M. Best, have an excellent ability to meet their ongoing insurance obligations.

In 2016, Assurity Life Insurance Company paid $128.3 million in living benefits to our policyholders including $14.9 million in dividends. In addition, we paid $63.5 million in death benefits to beneficiaries. Assurity is committed to honoring our obligation to our policyholders now and in the future.

*A.M. Best ratings range from A++(Superior) to F (in Liquidation)

2016 Annual Report

Assurity Life Insurance Company Public Fixed Income Holdings

Assurity Life Insurance Company Private Placement Bond Holdings

Assurity Life Insurance Company Distribution of Investments

Assurity Life Insurance Company
2016 Statutory Financials
(dollars in thousands)
  2016 2015
Income
Net Premiums & Deposit Administration Considerations $195,569 $191,010
Net Investment Income 116,284 117,110
Miscellaneous Income 15,672 20,757
Total Income 327,525 328,877
Benefits to Policyholders
Death Benefits 63,590 58,055
Living Benefits (Except Dividends) 113,365 120,424
Dividends 14,958 17,431
Total Benefits 191,913 195,910
Net Gain from Operations
After Capital Gains and Losses, FIT and Dividends 11,951 20,830
Other Financial Highlights
Net Investment Yield 4.87% 5.06%
Surplus and Asset Valuation Reserve (AVR) 358,664 347,679
Surplus and AVR as Percent of Assets 13.77% 14.06%
Risk-based Capital (Company Action Level) 629% 625%
 
 
Assets
Bonds 1,803,904 1,712,852
Stocks 100,903 91,834
Commercial Mortgage Loans 377,632 341,338
Real Estate 56,809 59,132
Policy Loans 118,297 116,750
Cash 12,194 2,033
Other 135,281 148,069
Total Assets 2,605,020 2,472,008
Liabilities
Insurance Reserves 1,546,703 1,512,324
Annuity Reserves 297,173 312,063
Dividends Payable in Next Year 15,030 17,370
Liability for Deposit Funds 174,123 178,648
Other 247,081 133,522
Total Liabilities 2,280,110 2,153,927
Surplus Accounts 324,910 318,081
 
 
Financial Summary
(dollars in thousands)
  2016 2015
Total Assets $2,605,020 $2,472,008
Surplus and Asset Valuation Reserve 358,664 347,679
Net Gain after Capital Gains and Losses, FIT and Dividends 11,951 20,830
Total Premium and Deposits 266,321 261,522
Net Investment Income 116,284 117,110
Benefits and Reserve Increases 187,418 179,682
Dividend Payments 14,958 17,431
Total Liabilities 2,280,110 2,153,927