2017 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 2017, Assurity Life Insurance Company paid $124.7 million in living benefits to our policyholders including $12.9 million in dividends. In addition, we paid $69.3 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)

2017 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
2017 Statutory Financials
(dollars in thousands)
  2017 2016
Income
Net Premiums & Deposit Administration Considerations $189,567 $195,569
Net Investment Income 113,347 116,284
Miscellaneous Income 15,657 15,672
Total Income 318,571 327,525
Benefits to Policyholders
Death Benefits 69,351 63,590
Living Benefits (Except Dividends) 111,760 113,365
Dividends 12,950 14,958
Total Benefits 194,061 191,913
Net Gain from Operations
After Capital Gains and Losses, FIT and Dividends 16,768 11,951
Other Financial Highlights
Net Investment Yield 4.63% 4.87%
Surplus and Asset Valuation Reserve (AVR) 371,358 358,664
Surplus and AVR as Percent of Assets 14.11% 13.77%
Risk-based Capital (Company Action Level) 618% 629%
 
 
Assets
Bonds 1,780,530 1,803,904
Stocks 126,587 100,903
Commercial Mortgage Loans 418,617 377,632
Real Estate 53,990 56,809
Policy Loans 120,125 118,297
Cash 6,559 12,194
Other 125,863 135,281
Total Assets 2,632,271 2,605,020
Liabilities
Insurance Reserves 1,560,346 1,546,703
Annuity Reserves 286,106 297,173
Dividends Payable in Next Year 13,000 15,030
Liability for Deposit Funds 167,057 174,123
Other 271,082 247,081
Total Liabilities 2,297,591 2,280,110
Surplus Accounts 334,680 324,910
 
 
Financial Summary
(dollars in thousands)
  2017 2016
Total Assets $2,632,271 $2,605,020
Surplus and Asset Valuation Reserve 371,358 358,664
Net Gain after Capital Gains and Losses, FIT and Dividends 16,768 11,951
Total Premium and Deposits 262,671 266,321
Net Investment Income 113,347 116,284
Benefits and Reserve Increases 181,366 187,418
Dividend Payments 12,950 14,958
Total Liabilities 2,297,591 2,280,110