Our Mission
Security Mutual’s purpose is
to provide sound, equitable and competitive financial
protection against the financial hazards resulting from premature death, disability, or retirement.
Financial Strength Rating*
Our financial strength and ability
to meet our obligations are recognized by the A.M.
Best Company.
A.M. Best
Rating is the fourth highest on a 15-step rating
scale.
|
A- |
(Excellent) |
Experience
Security Mutual was founded November 6,
1886. For more than 123 years, the Company has been protecting
families and businesses during periods of prosperity,
as well as during wars and times of
economic uncertainty. In addition, 2010 will mark the
118th consecutive year that Security Mutual has paid
dividends.
The Company’s strong performance represents the cumulative effect of many
steps taken over time. We continue to work to effectively
position the Company to prosper and grow today and in
the future.
Asset Quality
Security Mutual maintains a conservative
investment philosophy. The investments of the Company
consist predominantly of high-quality, fixed-maturity,
investment-grade securities.
The mortgage portfolio of $175.1 million
represents 7.6% of the Company’s
total invested assets as of December 31, 2009.
BlackRock
Financial Management, Inc., provides
fixed income and portfolio management services. The investment
operations are monitored and approved by the Company’s
Board of Directors.
Policyholder Value
With the priority emphasis on financial
strength and asset quality, we continue to focus on long-term
policyholder value in our overall strategic planning
and corporate operations.
2009 Bond Portfolio
Quality
|
Total Bonds as
of 12/31/09 (000s) $1,803,043
Bond Quality - % of Bond Portfolio |
| |
Grade
1: Highest |
66.06% |
| |
Grade
2: High |
32.66% |
| |
Grade
3: Medium |
1.19% |
| |
Grade
4,5,6: Low |
0.09% |
| 98.7% Investment Grades
1 & 2 |
| Invested
Assets |
| Summary: |
As of 12/31/09 (000s)
|
| Cash & Short
Term |
$64,943
|
2.82% |
| Bonds |
1,803,043
|
78.32% |
| Mortgages |
175,071
|
7.60% |
| Policy Loans |
241,145
|
10.48% |
| Stocks
(non-public) |
6,017
|
0.26% |
| Real Estate |
5,476
|
0.24% |
| Other |
6,378 |
0.28% |
| Totals |
$
2,302,073 |
100.00% |
|
