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total assets. Woman’s Life contin- Woman’s Life Chapter 801 Texas MUCH TO BE PROUD OF
ues its history of maintaining a
conservative portfolio, with revenue increased by $3.9 mil- â–¶ Chapter Members contributed
98.4% of the bonds rated as in- lion, or 51%. Life premiums $451,894 and dedicated more than
vestment grade. We maintain increased 12% while annuity pre- 32,230 hours of service to support
these conservative investment mium increased 76%. Woman’s charitable organizations, community
practices for the protection of our Life saw a continued reduction of projects, and individuals in need.
members. The second largest $335,000, or 4%, in investment
asset held at year end was con- income due to lower interest rates ▶ Woman’s Life paid $13.7 million in
tract loans. Contract loans were in the bond market. Woman’s certificate benefits to members and
reported at $4,218,335 and com- Life also saw an increase of $2.6 their beneficiaries.
prised approximately 2.1% of the million in our certificate reserves,
total assets at year-end. primarily due to the increase in â–¶ Solvency ratio remains comparable
premiums. Combined together, to the 25 leading insurance
Liabilities as of December 31, these factors contribute to the net companies.
2021, grew as well and are loss for 2021.
$190,978,469. These liabilities example, Woman’s Life’s solvency
are largely made up of the reserves Woman’s Life’s surplus was in- ratio, which represents the amount
being held to pay future policy- creased by $129,189, primarily of assets for each $100 of liabili-
holder claims. Reserves are due to $1.3 million improvements ties, as of December 31, 2021, was
established when a member pur- in the liabilities for employee and $106.02. Compare this to the aver-
chases a financial product and are retiree health and welfare plans, age of $106.10 for those 25 leading
adjusted annually based on mor- offset by the reported net loss. companies for 2020.
tality tables and the present value
of the expected future payments Woman’s Life’s financial posi- Overall, 2021 was a good year
based on the contracts. Established tion remains strong when for Woman’s Life with growth in
reserves were $175,438,416 at the compared to our peers and other premiums and surplus while also
end of the year and made up 91.9% leading life insurance companies. seeing significant improvement
of total liabilities. Our surplus represents the in profitability. Though we
amount of assets in excess of lia- are encouraged by what was ac-
Woman’s Life reported a net bilities as of the balance sheet date. complished, there remains a lot
loss of $1,123,938 for 2021. While As of December 31, 2021, Woman’s of work ahead of us as we strive to
we saw an increase in premium Life reported total surplus of reach our vision that all women
revenue, we continued to be chal- $11,491,080. That number by itself have a secure financial future and
lenged with historically low may not mean much; our position opportunities to enrich the lives
interest rates in 2021. Premium of strength is more clearly demon- of others in their communities.
strated when using key ratios to
Woman’s Life compare our financials to the aver-
Chapter 59 California age of 25 of the leading life
insurance companies. For
SUMMER 2022 | WOMANSLIFE.ORG | 3
