Delivering on Our Promises Since 1886
2011 marks the 125th anniversary of Security Mutual Life, one
of the leading life insurance companies in the United States.
Security Mutual provides competitive insurance products and services, and it is known for its financial soundness, quality service, professional distributors, equitable treatment of policyholders,
and dedication to planned personal and business security.
Our Mission
Since Security Mutual's formation in 1886, our mission has been to provide sound, equitable and competitively priced life insurance products to help protect people against the financial hardships resulting from death, disability and retirement. Maintaining the Company's financial strength is of paramount importance to fulfilling this important mission.
Financial Strength Ratings1
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 16-step rating scale.
|
A- |
(Excellent) |
Experience
With 125 years of experience, Security Mutual has been protecting families and businesses during periods of prosperity, as well
as during wars and times of economic uncertainty. In addition,
2011 will mark the 119th consecutive year that Security Mutual
has paid dividends.2
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 $175.2 million represents 7.4% of
the Company's total invested assets as of December 31, 2010.
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.
2010 Bond Portfolio
Quality
|
Total Bonds as
of 12/31/10 (000s) $1,914,290
Bond Quality - % of Bond Portfolio |
| |
Grade
1: Highest |
70.24% |
| |
Grade
2: High |
29.31% |
| |
Grade
3: Medium |
0.45% |
| |
Grade
4,5,6: Low |
0% |
| Invested
Assets |
| Summary: |
As of 12/31/10 (000s)
|
| Cash & Short
Term |
$5,486
|
0.23% |
| Bonds |
1,914,290
|
80.85% |
| Mortgages |
175,194
|
7.40% |
| Policy Loans |
256,372
|
10.83% |
| Stocks
(non-public) |
5,231
|
0.22% |
| Real Estate |
5,224
|
0.22% |
| Other |
6,040 |
0.25% |
| Totals |
$
2,367,837 |
100.00% |
|
