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ANNUAL REPORT 2021 – 2022
Statement of Financial
and Fraternal Position
By Julie Jagoda, National Treasurer
oman’s Life Insurance Society reported a
positive net income of $383,889 for 2022.
WPremium revenue increased by $1.2 mil-
lion, or 10%, the result of a 15% increase in annuity
premiums and a 2% decrease in life premiums. Like
many financial organizations, Woman’s Life contin-
ues to be challenged by lower interest rates in the
bond market and saw a reduction of $203,000, or
2%, in investment income. Woman’s Life also saw
an increase in our certificate reserves of $1.6 million,
which is primarily due to the increase in premiums.
These factors combined to contribute to the net gain
for 2022.
Our mission at Woman’s Life is to prepare women
and their families for a secure financial future through
the sale of life insurance and annuity products and Woman’s Life Chapter 817 Southfield, MI —
to support their community outreach. Woman’s Life Live Strong Program Donation
delivers on this mission through our financial prod-
ucts, and it is ultimately fulfilled with the payment of
certificate benefits. In 2022, Woman’s Life is proud to Assets IncreAsed; LIAbILItIes decreAsed
have paid benefits of more than $14.1 million to our Assets grew in 2022 to $203,511,750 and are largely
members and their beneficiaries. made up of bonds. Woman’s Life reported bonds of
$193,839,354 at year-end, which were 95.2% of total
assets. Woman’s Life continues its history of main-
taining a conservative portfolio, with 98.9% of the
bonds rated as investment grade. We maintain these
conservative investment practices for the protection
of our members. The second largest asset held at year-
MUCH TO BE PROUD OF
▶ Positive net income of $383,889
▶ Premium revenue 2nd highest in Woman’s Life
130-year history
▶ Surplus increased by $2,238,708
▶ More than $14.1 million paid in certificate
benefits
▶ Members’ community outreach impact valued
Woman’s Life Chapter 800 Columbus, OH — at more than $2 million
Ready for a Financial Presentation
2 WOMANSLIFE.ORG SUMMER 2023