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 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 45 states and 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 2016.
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:
|Capital & Surplus||160,470,237||167,953,460||195,454,747||197,901,595||204,859,075|
|Risk Based Capital||622.33%||738.46%||880.34%||877.33%||917.00%|
|Capital & Surplus||19,720,796||20,974,940||21,687,742||23,379,573||25,372,363|
|Risk Based Capital||855.23%||1035.95%||1053.22%||887.12%||986.00%|
|Capital & Surplus||11,342,722||12,970,956||13,289,322||15,123,723||17,283,814|
|Risk Based Capital||1018.84%||1296.98%||1536.58%||1234.80%||1220.00%|
|Capital & Surplus||191,533,755||201,899,356||230,431,811||236,404,891||247,515,252|
LBL, CLIC and ABL are rated B+ (Secure, Very Good) by A.M. Best Company, the most recognized rating agency for the insurance industry.
The financial and investment information contained in this website is summary in nature and is not meant to provide complete financial disclosure for the group or any if its companies. More detailed financial and investment information is available through each company’s NAIC filings. The financial and investment information contained in this website is provided for reference only and is meant to provide a summary of such information as of the date provided. The financial and investment performance represented is historical; past performance is not a guarantee of future results. To the extent that any forward-looking statements are contained in this website, such statements are based on management’s expectations at the time the statements were written and the company has no obligation to update such statements. Moreover any forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.