Security Mutual Life Announces Company’s 2019 Results
Highlights of the past year include:
- Dividends: 127 consecutive years of paying dividends to participating policyholders.*
- Payouts to Policyholders: Paid $290.29 million to Security Mutual’s policyholders and to our insurance policy and annuity beneficiaries.
- Policies Issued: Issued more than 57,500 new individual life insurance policies, an 8.5 percent increase over 2018.
- Capital: Increased 5.9 percent over 2018.
- Bond Portfolio: Maintained a high-quality bond portfolio composed of 100 percent investment-grade bonds.
“For 133 years, Security Mutual has helped provide individuals, families and business owners with the security and peace of mind needed to face life’s uncertainties,” said Chairman and CEO Bruce W. Boyea. “We continue our unwavering commitment to our policyholders and our insurance advisors, and we continue to focus on meeting today’s and tomorrow’s insurance and financial needs by providing innovative solutions, products, services and a great customer experience.”
For more details regarding the Company’s 2019 performance, please view our 2019 Highlights and our 2020 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.