Security Mutual 2020 Financial Performance

Despite the extraordinary challenges of 2020, Security Mutual’s financial strength remained solid, stable and performed well with strong sales, earnings and capital growth.

“Life’s uncertainties have never been more evident than what we have all endured throughout 2020,” said Chairman and Chief Executive Officer Bruce W. Boyea. “Now more than ever, we at Security Mutual are proud to continue fulfilling the Company’s mission of providing long-term value to our policyholders, and we remain committed to helping our policyholders through these trying times.”

“The ability of Security Mutual to have a strong financial year was reflective of the dedication and strength of all the employees of this great Company, along with understanding and support from our policyholders,” said Security Mutual Life President and Chief Operating Officer Kirk R. Gravely. “In addition, we are proud to report that our investment portfolio was not negatively impacted by the volatility in the financial markets, and it is well-positioned for resilience to help endure the fluctuations we have seen. As 2021 continues to unfold, we look forward to serving others with a constant goal of demonstrating that we are The Company That Cares®.”

Highlights of the year ending 2020 include:

• Dividends: 128 consecutive years of paying dividends to participating policyholders.*
• Payouts to Policyholders: Paid $407.3 million to Security Mutual’s policyholders and to our life insurance and annuity beneficiaries.
• Policies Issued: Issued more than 44,000 new individual life insurance policies.
• Capital: $198 million in capital, a 4.8 percent increase over 2019.
• Bond Portfolio: Maintained a high-quality bond portfolio composed of 99.3 percent investment-grade bonds.

For more details regarding the Company’s 2020 performance, please view our 2020 Highlights and our 2021 Letter to Policyholders.

*The payment of dividends is not guaranteed, and the amount credited, if any, may rise and fall depending on experience factors such as investment income, taxes, mortality and expenses.