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2008 Statutory Quick Facts
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| Insurance In Force: |
$18.7 billion |
| Total Assets: |
$2.0 billion |
| Surplus and Asset Valuation Reserve (AVR): |
$112.2 million |
| Net Yield on Investment Portfolio: |
5.7% |
| Annual Effective Yield on New Investments: |
6.5% |
| First Year Ordinary Life Premium CAGR* (2003-2008): |
14.6% |
| * Compound Annual Growth Rate |
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| Asset Compound Growth Rate (2003-2008): |
4.8% |
| A.M. Best: |
A+ (Superior) |
| Fitch: |
AA (Very Strong) |
| Standard & Poor's: |
AA+ (Very Strong) |
Details
INVESTMENTS
The Bottom Line
For a company, the "bottom line" - a solid financial foundation - must be sound. Without it, the company ceases to exist and people suffer. With it, an economic enterprise can flourish, helping more people, meeting more needs.
Lafayette Life has never failed to pay policyowners an annual dividend1.
Our bond portfolio at year end 2008 comprised 76.1% of our invested
assets. the quality of these assets is evidenced by the fact that 95.2%
are rated or evaluated as investment grade BAA or better. The average
quality of the portfolio has consistently been maintained at a single
"A" level, or better, for more than 20 years. The bond portfolio is well
diversified across industries and companies, with no one credit
representing more than 1% of assets. The bond portfolio does not contain
any subprime mortgages or other structured products that have caused
stress at other financial institutions.
Mortgage loan investments total 12.0% of invested assets. The mortgage
portfolio is well diversified by property type, geographic location and
tenant. None of the mortgages in our portfolio were delinquent or in the
process of foreclosure. We are proud of this high quality mortgage loan
portfolio.
In summary, Lafayette Life has taken a very conservative, yet
aggressively managed approach to investment policy. As a result, a very
high quality investment portfolio has produced favorable yields. At year
end, the gross investment yield was 5.7% and net investment yield was
5.3%.
1 Dividends are not guaranteed and may be
changed by the Company at any time for any reason. |
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Important Legal Information
Privacy Policy
© 1996 - 2009 The Lafayette Life Insurance Company, All Rights Reserved.
Page Last Updated: Wednesday, January 06 2010
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