San Antonio-based Catholic Life Insurance surpassed a major milestone in July when insurance-in-force topped $2 billion.
Founded in 1901 by German Catholic immigrants, Catholic Life is the nation’s 8th largest fraternal life insurer. The 112 year old membership organization offers life insurance and retirement products to families throughout the South and Southwest.
The past two decades have been ones of tremendous growth for Catholic Life. Since 1990, insurance in force has grown by more than $1 billion, assets have climbed from $100 million to $1 billion and membership now exceeds 80,000.
“We have grown consistently through the years because we have remained committed to the mission of protecting families,” said President/CEO J. Michael Belz. “Our founders pledged more than 100 years ago that Catholic Life Insurance would be there when families’ needed us most. Today, we honor this commitment with quality products and exceptional service.”
He added, “Our network of dedicated Agents, our strong leadership and our sound business practices have enabled us to excel even in tough economic times.”
Recently, A.M. Best Co, an independent insurance analyst, affirmed Catholic Life’s A-/Excellent rating for the 30th consecutive year.
In their financial strength rating rationale, A.M. Best states “The ratings of Catholic Life Insurance reflects its more than sufficient risk-adjusted capitalization, overall good credit quality of its fixed income holdings, consistent trend of positive statutory earnings, and its active involvement in managing fraternal outreach programs and lodge activities.”