Rock Island, IL (PRWEB) April 16, 2014
Royal Neighbors of America reported strong financial results for 2013. It generated revenue in excess of $128 million; grew its assets by $37 million to $868 million; and has a surplus of $213 million, resulting in a surplus to assets ratio of 25%, and an industry-leading risk based capital ratio. These results highlight the strength and stability of the organization.
A.M. Best, an internationally respected insurance industry rating agency, continues to rate Royal Neighbors an A- (Excellent, stable outlook) for its overall financial strength and ability to meet ongoing obligations to certificateholders. The agency recognizes Royal Neighbors’ strong level of risk-adjusted capitalization, well-established fraternal presence, and large membership base.
“Our founders laid the groundwork for these strong results nearly 120 years ago and we are proud to continue to offer women and their families life insurance protection and financial education,” said Cynthia Tidwell, President/CEO. “Statistics show that 42 percent of all women lack financial security, so it is important to us to help them understand their finances and build a more secure future.”
She continued, “With our history of giving back on a grassroots level, we also provide our members volunteer opportunities that make a difference where it really counts…right in their own communities. Our 2013 financials help ensure that we can continue to maximize these efforts.”
Royal Neighbors of America, one of the nation’s largest women-led life insurance organizations, exists for the benefit of its members. It offers insurance and annuity products to fulfill financial needs of growth, savings, and protection. Members receive valuable benefits and can participate in volunteer activities through the organization’s local chapters to help make a difference in their communities. The organization’s philanthropic efforts are dedicated to changing women’s lives through its national programs, including the Nation of Neighbors (Service Marked) Program, and through the Royal Neighbors Foundation, a 501(c)(3) public charity.
Headquartered in Rock Island, IL, with a branch office in Mesa, AZ, Royal Neighbors serves more than 200,000 members and is licensed to do business in 42 states and the District of Columbia.
For more information about Royal Neighbors of America, visit http://www.royalneighbors.org, or call (800) 627-4762.