Viking Magazine - June 2015 - 31

Sons of Norway Condensed Statutory Financial Information
ĂůĂŶĐĞ ^ŚĞĞ
ŽĨĞĐŝŶ
ŚŽĂŶĚ
ĚŵŝĞĚĞ
ŽŶĚ
W ĞĨĞ ĞĚ ^
ŽĐŬ
,ĞĂĚ#Ă
Ğ ĞĂů Ğ
Ă
Ğ
DŽ
ŐĂŐĞ ůŽĂŶ
'Ğ (ĮĐĂ
Ğ ůŽĂŶ
'ĂŚ ĂŶĚŚŽ
*
Ğ ŵ ŝŶ+Ğ
ŵĞŶ
dŽ
Ăů ŝŶ+Ğ
ŵĞŶ
K
ŚĞ ĂĞ
dŽ
Ăů ĂĚŵŝĞĚ ĂĞ
>ŝĂďŝůŝ(Ğ
'Ğ (ĮĐĂ
Ğ ĞĞ +Ğ
Ğ.Žŝ
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Ğ ĐůĂŝŵ
K
ŚĞ ůŝĂďŝůŝ(Ğ
dŽ
Ăů ůŝĂďŝůŝ(Ğ
dŽ
Ăů .ů
dŽ
Ăů ůŝĂďŝůŝ(Ğ ĂŶĚ .ů
/ŶĐŽŵĞ ^
Ă
ĞŵĞŶ
&Ž
ŚĞ 1ĞĂ ĞŶĚĞĚĞĐŝŶ
ŚŽĂŶĚ
W Ğŵŝŵ ŝŶĐŽŵĞ
EĞ
ŝŶ+Ğ
ŵĞŶ
ŝŶĐŽŵĞ
& Ă
Ğ ŶĂů ďĞŶĞĮ
ŝŶĐŽŵĞ
K
ŚĞ ŝŶĐŽŵĞ
dŽ
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/ŶĐ ĞĂĞ ŝŶ ĐĞ (ĮĐĂ
Ğ ĞĞ +Ğ
'Ğ (ĮĐĂ
ĞŚŽůĚĞ ďĞŶĞĮ
ĂŶĚ ĞĨŶĚ
'ŽŵŵŝŝŽŶ ĂŶĚ ŝŶ ĂŶĐĞ Ž.Ğ Ă(ŶŐ Ğ2.ĞŶĞ
& Ă
Ğ ŶĂů Ğ2.ĞŶĞ
dŽ
Ăů ďĞŶĞĮ
ĂŶĚ Ğ2.ĞŶĞ
'ĂŝŶ Ĩ Žŵ Ž.Ğ Ă(ŽŶ ďĞĨŽ Ğ ĐĂ.ŝ
Ăů ůŽĞ
'Ă.ŝ
Ăů ůŽĞ
EĞ
ŝŶĐŽŵĞ
$ 19,254 Ψ
16,264
1,231
1,704
38,453
509
28,976
5,358
2,494
37,337
1,116
(227)
889
 "
$
$
" $
&$
 "
$
 "
" $
dŚĞ ĮŶĂŶĐŝĂů ŝŶĨŽŵĂŽŶĞĞŶĞĚ ŚĂ ďĞĞŶ ĚĞŝĞĚ ĨŽŵŚĞ ĮŶĂŶĐŝĂůĂĞŵĞŶ
ĂĚŝĞĚ ďŝĚĞĂŝůů >>W dŽĞĐĞŝĞ Ă ĐŽ ŽĨŚĞ ĐŽŵůĞĞĂŽ ďĂŝ ĮŶĂŶĐŝĂů
ĂĞŵĞŶůĞĂĞ ĐŽŶĂĐ ^ŽŶ ŽĨ EŽĂ ,ĞĂĚĂĞ
Lodge Revenue Sharing
&'Ă+Ğ <Žŵ.ĞůŝĞŶ . ĞĞŶ
DĞ ůĞ
dŝŶŐĞů
ĂĚ ĂŶĚ sŽŶŚĞŝŵ*& 4ŝ
Ś Ă
ĐŚĞĐŬ Ă .Ă
ŽĨ
ŚĞ >ŽĚŐĞ ZĞ+ĞŶĞ
^ŚĂ ŝŶŐ W ŽŐ Ăŵ
dŚĞ >ŽĚŐĞ ZĞĞŶĞ ^ŚĂŝŶŐ WŽŐĂŵ
ĞŶ ĂŽŽŶ ŽĨŚĞŽĐĞĞĚ ĨŽŵŚĞ
ĂůĞ ŽĨ Ă ŝŶĂŶĐĞŽůŝĐ Ž ĮŶĂŶĐŝĂů
ŽĚĐŽŚĞ ůŽĚŐĞ
This is good news for everyone because insurance
participation is the engine that drives our other
endeavors. Thanks to the thousands of members who
understand this and the hard work of our FBCs, more
than $1 million in profits were used to support fraternal
endeavors, ranging from publications and new lodge
programming to district fraternal funds and lodge
revitalization support. Just imagine, though, what
membership benefits could be like if more members
purchased our insurance products. On that note, if you
have ever wondered about how you could help make
Sons of Norway stronger, while doing something good
for yourself, be sure to contact your local FBC to learn
about our offerings and all the ways insurance supports
members and lodges throughout the organization.
sonsofnorway.com VIKING JUNE 2015 31
2014
$ 335,522 Ψ
497
7,418
2,942
4,039
2,791
353,209
4,272
$ 357,481 Ψ
"
$ "
& "
$
 "  "
"
$&$$
Insurance
For more than a century Sons of Norway has operated
with a meaningful footprint in the fraternal insurance
industry. Thanks to our stable, reliable portfolio of
products and the expertise of our dedicated Financial
Benefits Counselors we have rightfully earned the trust
of our members and I promise we are going to work
hard to keep it.
$ 318,899 Ψ
16,681
8,853
344,433
13,048
$ 357,481 Ψ
&
$& " &
 "
$$$
$&$$
In 2014 Sons of Norway paid out $12.7 million in life
insurance and annuity death benefits and an additional
$16.2 million in cash surrender payments. Now,
though $29 million in outflow would be a negative
event in other industries, I see it quite differently for
a Fraternal Life Insurance company. For us, it means
we kept 29 million promises made to our members
and contributed $29 million to ensure families could
maintain their way of life in the midst of tragedy and
loss, keep family businesses afloat and help members
leave a legacy by providing funds to support their
favorite charity or foundation.
During the same time period 28 percent of our
members entrusted us with $19.3 million in insurance
premiums. I see this as a clear indication of our
members' commitment to Sons of Norway and their
trust in Sons of Norway.
http://www.sonsofnorway.com
Viking Magazine - June 2015

Table of Contents for the Digital Edition of Viking Magazine - June 2015
