2023 Financial and Fraternal Impact Report

FINANCIAL STRENGTH

In December 2023, Catholic Financial Life’s Insurance Financial Strength Rating was upgraded to an “A” with a stable outlook by the Kroll Bond Rating Agency. We were recognized for our consistent track record in risk-based capital and surplus growth and our leadership’s forward-looking growth strategy, including demonstrated success in acquiring or merging with other fraternal organizations. The new rating a ffi rms our ability to fulfill our promise to be there for our members. FINANCIAL IMPACT • $5.5 billion of life insurance in force • $1.7 billion in assets • $10 million net gain from operations Net Gain from Operations (000s omitted) 12,000 15,000 12,515

10,297

10,075

9,000

Bond Portfolio Composition (as of 12/31/2023) BUILDING OUR FRATERNAL FAMILY

6,000

millions

3,000

92% of Catholic Financial Life’s portfolio is held in long-term, fixed income securities. 99% of that is invested in high-quality bonds carrying the top two ratings from the National Association of Insurance Commissioners.

0

2021

2022 2023

Total Adjusted Capital (000s omitted)

156,627

High Quality 28%

160,000

146,450

Highest Quality 71%

145,000

138,235

130,000

millions

Other 1%

115,000

100,000

2021

2022 2023

Our trusted and dedicated producers help members prepare for the future and financially protect their loved ones.

Our top producers were celebrated and recognized at the Sales Conference and Awards gathering.

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