|Royal Neighbors of America reports strong results in insurance sales in 2011|
|News Releases - General Info|
|Written by Lynnette Meincke|
|Monday, 30 April 2012 09:46|
April 25, 2011
(Rock Island, IL) – Royal Neighbors of America reported strong financial results for 2011. It generated revenue in excess of $100 million; grew its assets by $26 million to $792 million; and has a surplus of $211 million, resulting in a surplus ratio of 27%, significantly above the estimated industry benchmark of less than 8%. These results highlight the strength and stability of the organization.
A.M. Best, an internationally respected insurance industry rating agency, continues to rate Royal Neighbors an A- (Excellent) for its overall financial strength and ability to meet ongoing obligations to certificateholders. The agency recognizes Royal Neighbors’ strong level of risk-adjusted capitalization, well-established fraternal presence, and large membership base.
“Our 2011 financial report once again demonstrates that we remain among the most financially secure insurance carriers in the industry,” said Cynthia Tidwell, President/CEO. “With these results, we are positioned to empower women to achieve financial protection and healthy lifestyles. It is estimated that 50 percent of women today are expected to live past 85, and many are not financially prepared. We have the opportunity and responsibility to offer them life insurance protection and financial education to help them make appropriate decisions.”
She continued, “Our success also is driven by our independent agents who sell our products nationwide. Their level of experience and professionalism and their commitment to supporting our community-based initiatives show a deep understanding of our Insurance with a DifferenceSM philosophy.”
Royal Neighbors of America, one of the nation’s largest women-led life insurance companies, exists for the benefit of its members. It offers insurance and annuity products to fulfill financial needs of growth, savings, and protection. Members receive valuable benefits and can participate in volunteer activities through the organization's local chapters to help make a difference in their communities. The organization's philanthropic efforts are dedicated to changing women's lives through its national programs, including the Nation of NeighborsSM Program, and through the Royal Neighbors Foundation, a 501(c)(3) public charity.
Headquartered in Rock Island, IL, with branch offices in Mesa, AZ, and Austin, TX, Royal Neighbors serves more than 215,000 members and is licensed to do business in 42 states and the District of Columbia.
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