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2010 Annual Report (pdf file - coming soon!)

Assurity Life Public Holdings
(Excel Spreadsheet)

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High Rating Shows Financial Strength
In 2009, Assurity had its A– (Excellent) rating affirmed by A.M. Best Company, the insurance industry’s leading independent analyst. This rating reflects sound management practices, favorable investment returns and low net costs to policyholders. Considering the recent difficult economic environment and the ratings downgrades of many insurers, an affirmed rating carries greater significance and may be considered comparable to a rating upgrade in previous years.

A.M. Best’s ratings for insurers’ financial strength and credit quality of obligations range from A++ (Superior) to F (in liquidation).

A message from the President about Assurity's financial strength and investment results

March 22, 2010

Dear policyholders and friends of Assurity Life Insurance Company:

The mission of Assurity Life is to help people through difficult times. It’s our promise to policyholders that when misfortune strikes—whether the death of a loved one, a disability, a critical illness, or the need for long-term care or hospitalization—we’ll be there to provide necessary funds.

And we will be there. I’m pleased to report that despite recent uncertain economic times, Assurity has continued to increase its financial strength. In 2009, Assurity’s capital grew 14.2 percent—without government support. Our excellent capital position puts us among the best capitalized and strongest carriers in the life and health insurance industry. More information about our financial strength follows:

  • In October 2009, A.M. Best Company, the insurance industry’s leading independent analyst, affirmed Assurity’s A- (Excellent) rating with a stable outlook.*
  • Assurity has a strong risk-adjusted capital position. At year-end 2009, our risk-based capital (RBC) ratio was 584.2 percent, which compares very favorably to the industry's 2008 average RBC ratio of 381 percent**.
  • Our company has no direct exposure to structured investment products. We have none of the volatile products or alphabet soup-variety debt that have caused many companies to experience significant losses.
  • Our commercial mortgage portfolio is broadly diversified by property type and geographical location. We have stress-tested our portfolio and determined it will hold up very well, even in a difficult economic period.
  • We have also stress-tested our bond portfolio, which consists primarily of high-quality holdings. Overall, our non-investment-grade bonds, unaffiliated common stocks and troubled real estate are materially below industry averages. Any losses can be easily absorbed by our strong capital position.

With our mutual holding company structure, Assurity is focused on serving our policyholders well into the future. A mutual organization is owned by its policyholders and is primarily organized for their benefit. Unlike publicly held companies, we don’t have investors. Our focus is serving our policyholders’ best interests in both the short and long term.

In 2010 Assurity will be celebrating its 120-year legacy. We have survived two World Wars, the Great Depression, and numerous recessions and economic downturns. Through it all, our commitments to our policyholders have always been honored. We are focused on building on the company’s heritage and strength, for the benefit of our current and future policyholders, for another 120 years.

For more information about our company’s financial information, please click on the 2009 Annual Report link on this Web site. Thank you for placing your trust in Assurity Life Insurance Company.

Thomas E. Henning, CLU, ChFC, CFA
Chairman, President and Chief Executive Officer
Assurity Life Insurance Company

*A.M. Best ratings for insurers’ financial strength range from A++ (Superior) to F (In liquidation).
**Ward’s Results, 2009 Edition

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