CFL Annual 2020 DOH

Statement of Financial Position For the Year Ended December 31, 2020

Statement of Operations For the Year Ended December 31, 2020 Estado de operaciones Para el año terminado 31 de diciembre

Estado de posición financiera Para el año terminado 31 de diciembre

Assets Bonds

Revenues Life insurance premiums

$ 1,553,204,523

$ 36,709,443

Mortgage loans

34,710,884 26,355,198

Annuity deposits

23,517,607 1,563,867

Policy loans

Other premiums and deposits

Total Premiums Earned

$ 61,790,917

Preferred stocks Common stocks

961,534

2,089,798 14,099,611 26,127,004

Other long-term investments Cash and short-term investments Total Cash and Investments

Investment revenue

71,804,589 1,291,045

Other revenues Total Revenues

$1,657,548,552

$ 134,886,551

Home office, at cost net of depreciation $ 5,324,935 Investment income due and accrued 17,706,401 Other assets 2,648,927 Total Assets $1,683,228,815

Benefits and Expenses Insurance and surrenders paid

$ 106,541,762 (28,681,009)

Increase in reserves

Field sales support costs

4,789,444 2,303,310 12,379,497

Fraternal benefits and expenses

Liabilities Policy reserves

Operating expenses

Total Benefits and Expenses

$ 97,333,004

$ 1,464,187,274

Interest maintenance reserve

10,162,599 12,251,053 61,571,967 9,618,186

Premiums received in advance and on deposit

Gain from operations before dividends

$ 37,553,547

and interest Dividends and interest Net Gain from Operations Net realized capital gains

Funds on deposit Other liabilities

28,228,435 9,325,112 4,628,270

Total Liabilities and Reserves

$ 1,557,791,079

Net Income

$ 13,953,382

Surplus

$ 114,127,622

Asset valuation reserve and other

11,310,114

Total Adjusted Capital

$ 125,437,736

Total Liabilities and Surplus

$1,683,228,815

These statements have been audited by Strohm Ballweg.

LIVING OUR MISSION (7)