Issue link: http://read.dmtmag.com/i/104855
• Lapsed Certificates • Cancelled Certificates • Declined Certificates National President's Report • DP-meetings with: District Manager, Safety Specialist, A Implementation Consultant, HR Business Partners, and Payroll Analyst, to make the transition as seamless as possible. • eetings with AFLAC and Assurant for employee M benefits: short term care, accidental, heart, cancer, and life. • onference calls with Lori Newberg about annuity C rates, 2013 dividends, and compliance issue on forfeiture on ten-year annuities. • onference calls with the Harris Team on investments. C • eetings with Harvey Bergholz. M • raveled to Clermont, Iowa to visit with a member and T present a check for the membership contest that NCSF held. • ommunication Grant recipients are the Dioceses of: C Gary, Fargo, Fort Wayne, New Ulm, Green Bay, St. Cloud, and Madison. Conference Call A conference call was held with Board Retreat Facilitator Harvey Bergholz of the Jeslen Corp. Report from the Accounting Department Re: NCSF 2012 2nd Quarter Statutory Statement Highlights and Operational Events For the Six Month Period Ending June 30, 2012. Overall Comments The second quarter's results were released to the regulators on August 9, 2012. You will receive a copy at the board meeting. In the meantime, here are some highlights for the six months ended June 30, 2012. Good News • ales increased to $6,054,771 from $2,589,914, which S was a 133.78% increase • perating Gain of $621,530 (Page 4 Line 27) O • et Income of $ 483,412 (Page 4 Line 31) N • xcellent surplus position at June 30, 2012; Solvency E Ratio = 112.7% (at 6/30/11 it was 112.7%) Winter 2013 — www.ncsf.com • otal Refunds to Members $164,364 which reflects the T Board's declaration for 2012 Reasons Behind the Results Our operating results reflect an increase in premiums for annuity and life contracts by $3,464,857,801 or 133.8%. Death and annuity benefits have decreased over the previous comparable period by 8.92% and 61.7% respectively. Surplus increased from $14,966,844 to $15,342,797. Operations Report • repared checks for scanning. P • llinois state examiners are expected in 2013 to audit I years 2007 through 2012. • ixed asset initiative to update and maintain current list F of all fixed assets. • eview all balance sheet accounts. R • orking on updating and testing all accounting W procedures. Sales Report The written report of the Sales Manager was reviewed. The report covered: • ales Production for July – August 2012 S – New Life Sales: $16,760.32 Year to Date: $88,821.70 2012 Goals: $185,000.00 – Annuity Sales: $4,744.826.38 Year to Date: $10,7482.50 2012 Goals: $3,415.000 • Life Producer Recruiting July – August 2012 – New General Agents: 5 Year to Date: 13 – New Life Producers: 98 – Appointed Producers, Year to Date: 210 A new sales contest was announced to life producers that will run from July 1 to December 31, 2012. Hearts and Hands, Junior Activities A report was prepared by the National President's administrative assistant on the Hearts and Hands projects and junior activities. continued on page 8 7