Independent Comparative Report 2018
FINANCIAL STABILITY
The financial condition of a life insurance organization is an important factor in public confidence. In this regard we prepared the following report on: UKRAINIAN NATIONAL ASSOCIATION, INC.
featuring a comparative analysis of key financial ratios comparing this company with 25 of the leading Life Insurance Companies in the United States.
These 25 leading Life Insurance Companies have been in business for an average of over 100 years and own a major portion of the invested assets and life insurance in force of all the companies. Thus, a favorable comparison of the financial ratios for the company featured herein with 25 of the leading companies can be indicative of the company’s financial stability.
KEY FINANCIAL RATIOS – DERIVED FROM THE ANNUAL STATEMENTS AS OF DECEMBER 31, 2017
(The 25 leading companies are determined by the amount of Admitted Assets as of December 31, 2017)
SOLVENCY
Assets for each $100 of Liabilities
A high ratio of Assets over Liabilities is a significant safety factor. This indicates that a company has enough assets to cover its liabilities and to meet all obligations as they become due.
Assets for each $100 of Liabilities as of Dec. 31, 2017
Allstate Life Insurance Company, IL ……………………………….. $112.10
American Family Life Assurance Co., NE …………………………….110.78
Ameritas Life Insurance Corporation, NE ……………………………108.40
AXA Equitable Life Insurance Company, NY ………………………..103.96
Bankers Life and Casualty Company, IL ………………………………107.89
Connecticut General Life Ins. Co., CT …………………………………..132.15
Guardian Life Ins. Co. of America, NY ………………………………….113.67
John Hancock Life Insurance Co. (USA), MI ………………………….103.45
Lincoln National Life Ins. Co., IN ………………………………………….103.38
Massachusetts Mutual Life Ins. Co., MA ………………………………107.00
Metropolitan Life Insurance Co., NY ……………………………………102.69
Midland National Life Insurance Co., IA ………………………………106.43
Minnesota Life Insurance Co., MN ………………………………………107.05
Nationwide Life Insurance Co., OH ……………………………………..104.26
New York Life Insurance Company, NY ……………………………….113.02
North American Company for Life and Health Ins., IA …………105.61
Northwestern Mutual Life Ins. Co., WI ………………………………..108.54
Ohio National Life Insurance Company, OH ……………………….103.60
Pacific Life Insurance Company, NE ……………………………………107.80
Protective Life Insurance Company, TN ………………………… …..109.87
Prudential Insurance Co. of America, NJ ………………………… ….103.88
ReliaStar Life Insurance Company, MN ………………………….. ….108.05
RiverSource Life Insurance Company, MN ………………………. …102.28
State Farm Life Insurance Company, IL ……………………………….117.54
Symetra Life Insurance Company, IA …………………………………..106.48
AVERAGE OF 25 OF THE LEADING LIFE CO’S ……………………. $106.18
UKRAINIAN NATIONAL ASSOCIATION ………………………….. $106.00
LIQUID INVESTED ASSETS
Assets in Bonds, Stocks, Cash and Short-Term Investments for each $100 of Liabilities
This ratio measures a company’s ability to meet its anticipated obligations to policyholders. A high ratio indicates a more liquid investment position with which an insurer can meet unforeseen emergency cash requirements that may arise.
AVERAGE OF 25 OF THE LEADING LIFE CO’S ………………… $46.29
UKRAINIAN NATIONAL ASSOCIATION ……………………… $103.92
ADDITIONAL SOCIETY STRENGTH
The following ratios are Per $1000 of Life Insurance in Force. They show further proof of financial strength and stability:
This Society Average 25 of the Leading Life Companies
Assets per $1000…………..$1,657.00 $161.02
Reserves per $1000……….. 1,492.05 68.81
Surplus per $1000………………. 93.78 9.37
FINANCIAL STATEMENT SUMMARY AS OF DECEMBER 31, 2017
Admitted Assets – $187,782,386
Benefits to Policyowners – $15,084,428
Policy Reserves – $169,089,125
Net Investment Income – $9,068,339
Total Liabilities – $177,154,694
Total Income – $17,793,416
Gross Surplus (Incl. Capital, if any) – $10,627,693
Insurance Issued – $3,349,000
Insurance in Force – $113,327,000
CONCLUSION: Based on the financial results achieved in the year ended 2017, the comparative analysis made of the organization featured herein is favorable when compared to the aggregate averages of 25 of the LEADING LIFE INSURANCE COMPANIES.