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. We expanded into the health insurance market with the 2016 introduction of Medicare Supplement products in a collaborative effort with one of the industry’s leading reinsurers. We continued this expansion in 2018 with the development and introduction of our unique and innovative Critical Illness and Accident products. 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:

2014 2015 2016 2017 2018
LBL
Total Assets 1,141,378,966 1,356,064,181 1,547,600,575 1,711,590,898 1,846,871,192
Capital & Surplus 195,454,747 197,901,595 204,859,075 201,940,192 231,702,145
Net Income 11,526,381 9,011,861 6,559,049 9,209,257 10,782,663
CLIC
Total Assets 209,970,421 221,643,654 241,518,428 301,292,822 301,618,398
Capital & Surplus 21,687,742 23,379,573 25,372,363 25,638,244 29,575,922
Net Income 2,725,761 2,234,468 1,974,992 1,047,957 3,180,793
ABL
Total Assets 99,673,722 110,809,279 126,980,254 141,118,167 186,957,235
Capital & Surplus 13,289,322 15,123,723 19,855,459 21,781,405 24,703,267
Net Income 468,392 1,531,591 1,608,444 2,300,471 1,879,338
Consolidated
Total Assets 1,416,046,045 1,650,013,818 1,873,243,812 2,101,360,484 2,276,658,128

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 1909