2023 DOH Financial and Fraternal Impact Report

2023 FINANCIAL STATEMENTS STATEMENT OF FINANCIAL POSITION (000s omitted) For the Year Ended December 31, 2023 STATEMENT OF OPERATIONS (000s omitted) For the Year Ended December 31, 2023

Assets Bonds

Revenues Premium Investment

$ 1,577,125

$ 82,974

Preferred & Common Stock

33,380

72,298

Short-Term Investments and Cash 9,538 Real Estate Mortgages & Home O ffi ce Building 50,705 Policy Loans 23,681 Other Assets 36,911 Total Assets $1,731,340

Other

1,967

Total Revenues

$157,239

Benefits and Expenses Insurance Costs

$ 96,227

Direct Sales Costs

7,217

Liabilities Policy Reserves

Fraternal Benefits and Expenses

2,426

$1,435,472

Operating Expenses

14,660

Asset Valuation Reserve (AVR)

17,465 4,826 114,137

Total Benefits and Expenses

$120,530

Interest Maintenance Reserve (IMR) Liability for Deposit-Type Contracts &

Gain from Operations before Dividends

$ 36,709

Dividends Payable Other Liabilities

and Interest Dividends and Interest Net Gain from Operations

21,077

26,634

Total Liabilities

$1,592,977

$ 10,075

Net Realized Capital Gains

5

Surplus

$ 138,363

Net Income

$ 10,080

Asset Valuation Reserve and 1/2 of

18,264

Dividend Liability Total Adjusted Capital

$ 156,627

Total Liabilities and Surplus

$1,731,340

These are the unaudited financial statements for Catholic Financial Life as of December 31, 2023. In March 2024, Catholic Financial Life announced the creation of Trusted Fraternal Life. Catholic Financial Life and Degree of Honor continue as brands of Trusted Fraternal Life.

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