West Des Moines, Iowa — Steve Pick, Homesteaders Executive VP-Chief Financial Officer, announced today that Tom Doruska has joined the organization as Chief Actuary.
“We’re excited to have Tom join Homesteaders,” says Pick. “His proven actuarial experience and leadership will fit in well with our already strong actuarial team. In particular, Tom’s impressive background in product development will be a huge asset to our ongoing efforts to provide innovative products and solutions to our funeral home customers, enhancing their ability to connect with consumers and the families they serve.”
In his new role, Doruska will lead the team responsible for the company’s profit testing, product development, actuarial services and long-range profitability planning. He will work closely with the enterprise strategy team as well as the sales, marketing and financial departments to develop new products and evaluate opportunities to support Homesteaders’ corporate goals.
“I was immediately attracted to Homesteaders’ culture, its commitment to the community and its disciplined strategic planning,” Doruska affirmed. “The company is well positioned for continued success with current and future opportunities, and I am excited to collaborate with Homesteaders’ business partners to further the company’s growth.”
Doruska has more than three decades of experience in the life insurance industry, including new product development, in-force policy management and preneed. He is a Fellow in the Society of Actuaries and a Member of the American Academy of Actuaries. He currently resides in Ankeny, IA, with his family.
Homesteaders Life Company, a mutual company owned by its policy holders, is a national leader providing products and services to promote and support the funding of advance funeral planning and end-of-life expenses.