2018 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 2018, Assurity Life Insurance Company paid $325.4 million in living benefits to our policyholders including $13 million in dividends. In addition, we paid $64.1 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)

2018 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
2018 Statutory Financials
(dollars in thousands)
  2018 2017
Income
Net Premiums & Deposit Administration Considerations 200,033 $189,567
Net Investment Income 110,926 113,347
Miscellaneous Income 14,459 15,657
Total Income 325,418 318,571
Benefits to Policyholders
Death Benefits 64,166 69,351
Living Benefits (Except Dividends) 117,477 111,760
Dividends 13,056 12,950
Total Benefits 194,699 194,061
Net Gain from Operations
After Capital Gains and Losses, FIT and Dividends 11,071 16,768
Other Financial Highlights
Net Investment Yield 4.57% 4.63%
Surplus and Asset Valuation Reserve (AVR) 368,896 371,358
Surplus and AVR as Percent of Assets 14.04% 14.11%
Risk-based Capital (Company Action Level) 547% 618%
 
 
Assets
Bonds 1,724,199 1,780,530
Stocks 137,134 126,587
Commercial Mortgage Loans 452,221 418,617
Real Estate 51,710 53,990
Policy Loans 123,001 120,125
Cash 11,463 6,559
Other 127,101 125,863
Total Assets 2,626,829 2,632,271
Liabilities
Insurance Reserves 1,580,368 1,560,346
Annuity Reserves 273,609 286,106
Dividends Payable in Next Year 13,020 13,000
Liability for Deposit Funds 158,653 167,057
Other 263,631 271,082
Total Liabilities 2,289,281 2,297,591
Surplus Accounts 337,548 334,680
 
 
Financial Summary
(dollars in thousands)
  2018 2017
Total Assets 2,626,829 $2,632,271
Surplus and Asset Valuation Reserve 368,857 371,358
Net Gain after Capital Gains and Losses, FIT and Dividends 11,071 16,768
Total Premium and Deposits 271,416 262,671
Net Investment Income 110,926 113,347
Benefits and Reserve Increases 181,366 187,418
Dividend Payments 13,056 12,950
Total Liabilities 2,289,281 2,297,591