WORKING TOGETHER, GROWING TOGETHER
As a unified team we’re committed to making a difference
Hear From Your Team
As a unified team we’re committed to making a difference
Hear From Your Team
Chairman, Chief Executive Officer & President
Boston Mutual Life Ins. Co.
2nd Vice President & Treasurer
Boston Mutual Life Ins. Co.
Vice President – General Counsel & Secretary
Boston Mutual Life Ins. Co.
Vice President – Chief Financial Officer,
Chief Actuary & Chief Risk Officer
Boston Mutual Life Ins. Co.
Partner (Retired)
Deloitte & Touche
Senior Vice President (Retired)
Connecticut Mutual Life Ins. Co.
Managing Partner
Murphy & Partners, LP
Associate Director of Development (Retired)
The Children’s Aid Society
Chairman (Retired)
Boston Mutual Life Ins. Co.
Chief Client Relationship Counsel (Retired)
Proskauer Rose, LLP
President
Wilton Capital Group
Chairman & President
Medical Director
Treasurer & Secondary Intelligence/Information Officer
Auditor
Vice President – General Counsel & Secretary
Controller & Primary Intelligence/Information Officer
Assistant Treasurer
Vice President – Chief Financial Officer, Chief Actuary,
Chief Risk Officer & Responsible Officer
Vice President – Workplace Solutions
Vice President – Strategic Planning & Communications
Senior Vice President & Chief Investment Officer
Appointed Actuary
Vice President – Chief Underwriting & Product Officer
Chief Compliance Officer
OVER $140 MILLION IN ASSETS
EXCELLENT BALANCE SHEET WITH LOWER RISK AND HIGHER QUALITY
STOCKHOLDER’S EQUITY BALANCE IS 2.5X 8 YEARS AGO
| 2016 | 2015 | |
|---|---|---|
| Premium income | $21,959 | $21,495 |
| Net investment income | 6,055 | 5,857 |
| Other income | 1,623 | 1,602 |
| TOTAL INCOME | 29,637 | 28,954 |
| POLICYHOLDER BENEFITS AND EXPENSES | ||
| Life insurance benefits | 3,321 | 2,371 |
| Accident & health benefits | 3,605 | 4,556 |
| Other policy benefits | 5,272 | 4,820 |
| Increase in reserves | 6,423 | 4,335 |
| Commissions | 4,027 | 4,106 |
| General expenses | 3,480 | 3,093 |
| Taxes other than federal income taxes | 686 | 852 |
| TOTAL BENEFITS & EXPENSES | 26,814 | 24,133 |
| GAIN FROM OPERATIONS | $2,823 | $4,821 |
| Federal Income Tax Expense | 1,271 | 1,494 |
| GAIN FROM OPERATIONS | $1,552 | $3,327 |
| 2016 | 2015 | |
|---|---|---|
| Policy reserves | $105,710 | $99,286 |
| Policy & contract claims | 1,448 | 1,052 |
| Other liabilities | 5,361 | 3,491 |
| TOTAL LIABILITIES | $112,519 | $103,829 |
| Stockholder's Equity | 28,873 | 26,552 |
| TOTAL LIABILITIES & STOCKHOLDER'S EQUITY | $141,392 | $130,381 |
| 2016 | 2015 | |
|---|---|---|
| Bonds | $97,589 | $91,781 |
| Preferred stocks | 0 | 0 |
| Common stocks | 2,129 | 968 |
| Policy loans | 27,751 | 26,997 |
| Cash & short term securities | 4,082 | 1,486 |
| Premiums deferred and uncollected | 4,875 | 4,167 |
| Other assets | 4,966 | 4,982 |
| TOTAL ADMITTED ASSETS | $141,392 | $130,381 |
With the expertise and commitment of the people behind us, Life Insurance Company of Boston & New York will continue to grow and prosper, building a better future for our policyholders and producers.
Through exploring new technology enhancements, adapting our processes, and listening carefully to the marketplace and producers, we’ll continue to find better ways to serve our policyholders.
Our commitment to the security of every family we support keeps us focused and united. Together, our future is brighter than ever.