1-800-488-1890 | 724-731-0094 info@nsslife.org NSS 2021 Financial Statement Second Quarter Recap Statement as of June 30, 2021 Net Admitted Assets: June 2021 Dec 2020 Bonds $1,375,277,737 $1,357,426,297 Preferred Stocks 5,300,000 2,000,000 Common Stocks 7,689,205 6,065,184 Mortgage Loans on Real Est. 71,684,282 32,451,740 Certificate Loans 977,097 893,191 Real Est. Occupied by Society 627,576 638,254 Cash on Deposit 77,303,853 36,578,178 Other Invested Assets 1,950,000 Uncollected Premiums 516,468 306,467 Investment Income Due 15,029,624 14,380,629 TOTALS $1,556,355,842 $1,450,739,940 Liabilities & Unassigned Funds: June 2021 Dec 2020 Aggregate Reserve $1,391,987,000 $1,295,552,000 Deposit-type Contracts 68,077,535 65,253,054 Certificate Claims 350,000 550,000 Commissions Due 170,000 160,000 Refunds Due and Unpaid 850,000 760,000 General Exp Due 1,713,200 1,733,200 Retained by Society as Trustee 93,287 109,306 Borrowed Money & Interest 410,242 0 Asset Valuation Resv. (AVR) 11,896,500 10,358,500 Interest Maintenance Resv. (IMR) 5,546,774 5,581,682 Contingency Reserve 150,000 150,000 Unassigned Funds 75,111,304 70,532,198 TOTALS $1,556,355,842 $1,450,739,940 Surplus Account: June 2021 Dec 2020 Beginning Surplus $70,682,199 $64,096,623 Net Income 5,385,320 7,840,226 Change in Net Unrealized Capital Gains or (Losses) 731,724 281,165 Change in Nonadmitted Assets 61 (9,315) Change in Valuation Reserve (1,538,000) (1,526,500) Aggregate Write-ins for Gains and Losses in Surplus Net Change in Surplus 4,579,105 6,585,576 Surplus At Statement Date $75,261,304 $70,682,199 Summary of Operations: INCOME: June 2021 Dec 2020 Premium & Annuity Considerations $141,490,054 $191,259,342 Net Investment Income 32,429,002 60,715,911 Amortization of Interest Maintenance Reserve 257,661 505,857 Income Sub-Total $174,176,717 $252,481,110 Summary of Operations: EXPENSES: June 2021 Dec 2020 Death Benefits $4,035,216 $6,921,974 Matured Endowments 20,416 31,786 Annuity Benefits 60,523,512 104,412,827 Disability Benefits 3,186 5,898 Surrender Benefits 655,151 515,413 Interest On Deposit Type Contr. 5,818 10,860 Increase In Aggregate Reserve for Life Contracts 96,435,000 120,889,000 Commissions On Direct Business 3,813,799 4,921,603 General & Fraternal Expenses 2,814,563 5,383,065 Insur, Taxes, Licenses, Fees 128,980 242,791 Expense Sub-Total $168,435,641 $243,335,217 Summary of Operations: SUMMARY: June 2021 Dec 2020 Net Gain From Operations Before Refunds To Members $5,741,076 $9,145,893 Refund To Members Endowments (448,584) (739,190) Net Gain From Operations After Refunds To Members 5,292,492 8,406,703 Net Realized Capital Gains 92,828 (566,477) TOTAL NET INCOME $5,385,320 $7,840,226 Contact Us National Slovak Society 351 Valley Brook Road McMurray, PA 15317-3337 Phone: (724) 731-0094 Toll Free: 1 (800) 488-1890 Fax: (724) 731-0145 Office Hours: Mon - Thurs: 7:30 AM to 4:00 PM Friday: 7:30 AM to 12:30 PM info@nsslife.org sales@nsslife.org Latest News Septemberfest 2021 From the President’s Desk NSS Life 2020 Family Fun Day Latest Articles Employee Benefit Plan Start a Roth IRA Now 2020 Retirement Literacy Survey Upcoming Events NOVEMBER, 2021 Site Map Home Insurance Products Annuity Products Membership Events Media Fraternal About NSS ©2020. NSS Life. All Rights Reserved. Concept Developed by Apotheom, LLC