2010 Highlights

 

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

2010 Bond Portfolio Quality
2010 Bond Portfolio
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%

1A.M. Best rating is current as of the date of publication. Ratings reflect a rating agency's opinion of a company's financial strength and ability to meet its obligations to policyholders. A rating is not a recommendation of a company or any specific policy form. A.M. Best's "A-" (Excellent) rating is the fourth highest on a 16-step rating scale. Ratings are subject to change.For further information about Security Mutual’s ratings, please click here.

2The payment of dividends is not guaranteed, and the amount credited, if any, will rise and fall depending on experience factors such as investment income, taxes, mortality and expenses.

 



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© 2012 Security Mutual Life Insurance Company of New York

100 Court Street, PO Box 1625, Binghamton, New York 13902-1625 Phone: 1-800-346-7171
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