Issue link: http://read.dmtmag.com/i/63224
STATUTORY STATEMENTS OF OPERATIONS & CHANGES IN SURPLUS AT DECEMBER 31, 2011 & 2010 2011 INCOME Premium and annuity considerations Considerations for supplementary contracts with life contingencies Investment income, net of $657,528 and $591,342 of investment expenses in 2011 and 2010, respectively Miscellaneous income TOTAL INCOME BENEFITS AND EXPENSES Benefits: Death, disability and annuity benefits Matured endowments and surrender benefits Interest and adjustments on certificate or deposit-type contract funds Payments on supplementary contracts with life contingencies Increase / (decrease) in reserves for life certificates and contracts General insurance and fraternal expenses TOTAL BENEFITS AND EXPENSES Net gain / (loss) from operations before refunds to members and net realized capital gains Refunds to members Net gain / (loss) from operations after refunds to members and before net realized capital gains Net realized capital gains Net INCOME CHANGES IN SURPLUS Surplus at beginning of year Net income Change in net unrealized capital gains Change in asset valuation reserve Prior period pension and post retirement benefit adjustment Prior period claims reserve adjustment Change in non-admitted assets SURPLUS AT END OF YEAR 3,704,643 3,137,549 150,029 68,106 _________ __________ _________ __________ 1,825,336 2,814,357 11,700,020 _________ __________ 322,244 919,631 1,249,358 329,727 74,444 1,172,411 _________ __________ 139,838 _________ __________ _________ __________ 994,075 13,511,495 994,075 _________ __________ (94,073) _________ __________ _________ __________ (152,318) (77,802) (17,731) 601,179 107,945 14,966,844 Any member wishing to review more financial details, as presented in our report of independent auditors, Horovitz, Rudoy and Roteman LLC, please contact the Home Office at 1-800-344-6273 ext. 239. 13,511,495 1,312,249 12,128,083 1,312,249 339,268 (174,032) 0 0 3,592,016 3,450,232 155,900 68,861 (67,023) 2,823,905 10,023,891 1,494,655 0 _________ __________ 699 _________ __________ 6,766,349 862 12,949,378 11,518,546 _________ __________ 2010 6,182,167 6,946,597 4,571,250 0 Spring 2012 — www.ncsf.com 25