2018 Annual Report DOH
Financial Report We made history in 2018, as net income and surplus grew to record levels. In addition, total adjusted capital and the risk-based capital ratio reached all-time highs. These results affirm our tradition of financial strength and sustainability to better serve our Society and its members. • Net income rose 19 percent to $14.3 million in 2018, up from $12.05 million in 2017 • Surplus increased 13 percent from $88 million to more than $99 million, the highest in the Society’s history • Total adjusted capital was more than $110 million in 2018, up from $99 million in 2017 • Risk-based capital (RBC) ratio increased to 949 percent from 930 percent in 2017 • Our persistency, a reflection of our members’ loyalty and recognition of the value they receive, remains high at 96.5 percent • Kroll Bond Rating Agency reaffirmed our A- financial strength rating and stable outlook
Net Income (in millions)
15.0
14.3
12.05
12.0
11.6
9.0
6.0
$ in Millions
3.0
0.0
2016 2017 2018
Total Adjusted Capital (in millions)
120
110.0
100
99.0
80
79.9
60
40
$ in Millions
20
0
2016 2017 2018
[3] THANK YOU FOR BEING A PART OF SOMETHING GREATER THAN YOURSELF.
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