2023 Financial and Fraternal Impact Report

DEAR MEMBER, This Financial and Fraternal Impact Report highlights our 2023 financial results, member impact, and charitable e ff orts demonstrating mission fulfillment: serving God through serving others, providing financial security, and enhancing quality of life. That mission is as relevant today as it was when we were founded over 155 years ago. Of course, since then our industry has changed, culture has changed, and the church has changed. What hasn’t changed? … The trust our members place in us to be there for them and their loved ones when needed most. More than 4,200 lives were insured with $275 million of deathbene fi t. … Our support for Catholic parishes, schools and other civic organizations in local communities. $1.6 million was raised, matched and donated to ful fi ll our charitable purpose. … Our track record of financial results and underlying financial strength. Total adjusted capital increased to a record $156.7 million, andour fi nancial strength rating was increased to an “A” by the independent rating agency, KBRA. We continue to adapt and innovate in an ever-changing world while holding true to who we are: a member-owned organization that shares your values and exists for your benefit. As we move forward building the Trusted Fraternal Life family of brands, be assured we always act in your best interest and for the benefit of generations yet to come. Thank you for your membership. It is our privilege to serve you. GodBless, PRESIDENT’S MESSAGE

Wearea member-owned organization that shares your values and exists for your benefit.

BUILDING OUR FRATERNAL FAMILY

Borgen President and CEO JohnT. B P id

Catholic Financial Life is a Trusted Fraternal Life ™ brand. Insurance products issued by Trusted Fraternal Life. All Rights Reserved. Copyright 2024

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