National Life had yet another historic year in 2016, setting new records in core earnings, life and flow annuity sales, assets under management and a host of other metrics.
“Since 2006 we have been the fastest growing life insurance company in the United States,” said CEO Mehran Assadi. “Our message of caring for families and small businesses in Middle America continues to resonate across the country.”
Mehran said that core earnings were $210 million, marking the first time in the company’s 168-year history that they had passed $200 million. Assets under management totaled $33 billion. The ROE was 6.7%.
“Top line and bottom line, we saw great strength,” said Mehran. “I am so very pleased with the balanced growth we continue to experience.”
Life sales were up 5 percent while flow annuity sales were up 23 percent. The face amount of life insurance in force hit $105 billion.
“We paid over $2 billion to our policyholders in 2016,” said Mehran. “We delivered on our promises.”
Mehran said that a highlight for him in 2016 was the decision by S&P Global Ratings to upgrade the financial strength ratings of the group’s insurance companies to A+.
“Our message, our mission, and our values speak volumes about who we are,” he said.
National Life is a mission-driven company built around its core values: Do Good. Be Good. Make Good.