Security Mutual Life Announces Company’s 2018 Results
Security Mutual Life has completed another successful year in its 132-year history of helping the Company’s policyholders achieve the long-term financial security goals they have set for themselves, their families and their businesses.
Highlights of the past year include:
- Dividends: 126 consecutive years of paying dividends to participating policyholders.*
- Earnings: Net operating gain after taxes of $8.18 million.
- Bond Portfolio: Maintained a high-quality bond portfolio composed of 99.6 percent investment-grade bonds.
- Payouts to Policyholders: Paid $337.50 million to Security Mutual’s policyholders and to our insurance policy and annuity beneficiaries.
“It is an honor for Security Mutual to provide insurance products and services that help protect our policyholders against life’s uncertainties and support financial planning for significant lifetime events,” said Chairman, President and CEO Bruce W. Boyea. “We carried out this mission not only through the payouts we made this past year to our policyholders and to our insurance policy and annuity beneficiaries, but also by enhancing the strength of the Company through strong sales, earnings and capital growth.”
For more details regarding the Company’s 2018 performance, please view our 2018 Highlights and our 2019 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.
