Investing in
Financial Excellence

We maintain a financial discipline that ensures we are here to honor our promises for years to come.

In 2018, we reached two key financial milestones: $207 million in surplus and more than $3 billion in assets. We remain dedicated to providing our policy owners and funeral home customers peace of mind with a consistently strong financial portfolio. Last year, we reinvested 92% of our income in our funeral home customers, agents and policy owners, while maintaining disciplined financial management that ensures Homesteaders is well positioned to pay policy owner claims today and into the future.

Five-Year Surplus Overview


100% of our after-tax earnings are contributed to surplus.

2014
$161 million

2015
$168 million

2016
$180 million

2017
$193 million

2018
$207 million

 

 

 

How did we EARN our money in 2018?

79% Premiums

21% Investments

We earned
$622
million in income.


How did we SPEND our money in 2018?


78% Policy Benefits & Reserves

11% Commissions & Loyalty Programs

6% Operational Expenses

2% Taxes

3% Surplus Contribution


All calculations based on statutory accounting.

Total Assets

Homesteaders had $3 billion in Total Assets at the end of 2018, up 5% from 2017.

90%

  Bonds

6%

  Mortgages

4%

  Cash and Other

Total Liabilities

Homesteaders had $2.9 billion in Total Liabilities at the end of 2018.

97.3%

  Policy Benefits & Reserves

1.2%

  Commissions & Loyalty Programs

0.7%

  Taxes

0.5%

 Surplus Contribution

0.3%

  Operational Expenses

AM Best Financial Strength Rating A- Excellent

Homesteaders earned an A- (Excellent) credit rating from A.M. Best Company.

Effective April 2018. For up-to-date ratings, visit ambest.com.

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