Financial Summary

LBL is the flagship company of our insurance organization. Through LBL and its two wholly owned subsidiaries, Capitol Life (CLIC) and American Benefit Life (ABL), we operate in 45 states and the District of Columbia. Since acquisitions began almost two decades ago, the group of companies has achieved remarkable growth and profitability every year while navigating the challenges of worldwide economic volatility.

The Company has posted steady results, with regular growth in Total Assets, Capital & Surplus and Risk Based Capital, while also returning excellent value to shareholders. Agents and policyholders have come to rely on LBL as one of the industry’s most consistently competitive providers of annuity and insurance products.

We proudly report that 2016 was yet another strong year for Liberty Bankers Life (LBL) and both of its wholly-owned life insurance subsidiaries, Capitol Life (CLIC) and American Benefit Life (ABL).  Through these three companies, we operate in all states except Minnesota, New Hampshire and New York, plus the District of Columbia.

Among our companies, there are more than 10,000 licensed independent financial service representatives offering a wide array of traditional fixed annuity, life insurance and health insurance products on a national scale. LBL is stronger and more diversified than ever before.

Products – Our Annuity line of business has been widely recognized as a market leader as evidenced by the volume and stability of our annual sales. Similarly, our well-established Life Insurance Division offers a broad range of competitive life products including Ordinary, Home Service Final Expense and Pre-Need insurance. During 2016, we entered the Medicare Supplement Health insurance line of business in a collaborative effort with one of the industry leaders, Gen Re. With this key diversification effort, we have further expanded our national insurance brand and added to our overall market presence.

Together, the combined effort of these units produced over $300 million of new premium in 2017.

The Future – LBL continues to attract professional representatives and sell quality new business in increasing volumes while searching for opportunities to acquire additional life companies whose profiles and product lines fit within our defined strategies.

The following information is taken from statutory financial reports:

2013 2014 2015 2016 2017
LBL
Total Assets 1,035,285,685 1,141,378,966 1,356,064,181 1,547,600,575 1,711,590,898
Capital & Surplus 167,953,460 195,454,747 197,901,595 204,859,075 201,940,192
Net Income 10,310,860 11,526,381 9,011,861 6,559,049 9,209,257
Risk Based Capital 738.46% 880.34% 877.33% 916.99% 742.85%
CLIC
Total Assets 205,036,218 209,970,421 221,643,654 241,518,428 301,292,822
Capital & Surplus 20,974,940 21,687,742 23,379,573 25,372,363 25,638,244
Net Income 2,074,100 2,725,761 2,234,468 1,974,992 1,047,957
Risk Based Capital 1035.95% 1053.22% 887.12% 986.48% 976.02%
ABL
Total Assets 87,243,554 99,673,722 110,809,279 126,980,254 141,118,167
Capital & Surplus 12,970,956 13,289,322 15,123,723 19,855,459 21,781,405
Net Income 482,994 468,392 1,531,591 1,608,444 2,300,471
Risk Based Capital 1296.98% 1536.58% 1234.80% 1219.82% 1144.57%
Combined
Total Assets 1,327,565,457 1,451,023,109 1,688,517,114 1,916,099,257 2,154,001,887
Capital & Surplus 201,899,356 230,431,811< 236,404,891 250,086,897 249,359,841
Net Income 12,867,954 14,720,534 12,777,920 10,142,485 12,557,685

LBL, CLIC and ABL are rated B++  (Secure, Stable) by A.M. Best Company, the most recognized rating agency for the insurance industry.

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Since 1958