JHENNIFER RECEIVES THANKS FROM MARY O., BENEFICIARY
You were wonderful to me. You went over and above to service me. I sincerely want to thank you for all your hard work you did.
As a unified team we’re committed to making a difference
Hear From Your TeamThe Boston Mutual family contributes financially and by volunteering to community and non-profit organizations. Below is a selection of worthy causes we were involved with in 2016. Through fundraising and individual contributions, we are proud to help make a difference.
The United Way mission – to create positive, lasting change for people in need – focuses on two foundations to better lives: financial opportunity and educational success – the building blocks for a good quality of life. For years, Boston Mutual has worked with the United Way to support local initiatives with groups in need.
The Salvation Army serves more than 25 million Americans – or one person every second – from a variety of backgrounds and is helping more people in the United States than ever before. The organization is always in need of support in assisting the increasing number of Americans seeking the necessities of life: food, shelter, and warmth.
“Making Strides Against Breast Cancer” walks are the largest network of breast cancer awareness events in the nation, raising critical funds to support the American Cancer Society. Thousands attend the annual walk in Boston every October and we proud to have a Boston Mutual corporate team participate each year.
My Brother’s Keeper is a vibrant, welcoming ministry in Easton and Dartmouth, Massachusetts, providing furniture and food free of charge to local families. Over the past 29 years, they have grown from a husband and wife team to 11 employees and 4,000 volunteers that have worked together to make 125,000 total deliveries to families and individuals in need across the region.
Each year, Boston Mutual provides gifts for children at the Massachusetts Society for the Prevention of Cruelty to Children (MSPCC), helping to make their holiday special and joyful. MSPCC is dedicated to leadership in protecting and promoting the rights and well-being for children and families, offering a variety of services across the state since 1878.
In recognition of those who have served our country, Boston Mutual employees collected a variety of donations during our “Month of Giving” for the VA Healthcare System hospital in Brockton, Massachusetts, which offers veterans a wide range of healthcare options and support.
Chairman, Chief Executive Officer & President
Managing Director (Retired)
Seaward Management
Partner
Choate, Hall & Stewart, LLP
Principal
Law Office of Henry T. Goldman
Museum Director (Retired)
Isabella Stewart Gardner Museum
President
Joyce and Joyce
Partner (Retired)
Deloitte & Touche
Chairman (Retired)
Boston Mutual Life Ins. Co
President
Quincy & Company
Chairman, Chief Executive Officer & President
2nd Vice President & Head of General Agencies
Medical Director
2nd Vice President & Treasurer
2nd Vice President & Auditor
Vice President - General Counsel & Secretary
2nd Vice President & Controller
Vice President – Human Resources & Insurance Operations
Vice President – Chief Financial Officer, Chief Actuary & Chief Risk Officer
Vice President – Workplace Solutions
Vice President – Strategic Planning & Communications
Senior Vice President & Chief Investment Officer
2nd Vice President & Appointed Actuary
Vice President – Chief Underwriting & Product Officer
Vice President – Claim Services & Product Support
2nd Vice President & Chief Compliance Officer
13 Consecutive Years Of Strong Earnings
Excellent Balance Sheet With Low Risk And High Quality
Surplus Has More Than Doubled In The Last 8 Years
$20 Billion Life Insurance In-Force
2016 | 2015 | |
---|---|---|
Premium income | $188,077 | $185,692 |
Net investment income | 55,650 | 54,568 |
Other income | 13,020 | 12,903 |
TOTAL INCOME | 256,747 | 253,163 |
POLICYHOLDER BENEFITS AND EXPENSES | ||
Life insurance benefits | 66,072 | 67,383 |
Accident & health benefits | 15,475 | 15,006 |
Other policy benefits | 35,051 | 36,300 |
Increase in reserves | 36,742 | 30,281 |
Commissions | 34,125 | 34,071 |
General expenses | 43,538 | 43,573 |
Taxes other than federal income taxes | 7,318 | 7,312 |
Dividends to policyholders | 1,522 | 1,488 |
TOTAL BENEFITS & EXPENSES | 239,843 | 235,414 |
GAIN FROM OPERATIONS | $16,904 | $17,749 |
2016 | 2015 | |
---|---|---|
Policy reserves | $1,053,271 | $1,017,579 |
Policy & contract claims | 17,047 | 15,924 |
Deposit-type contracts | 16,426 | 16,398 |
Other policyholder funds | 3,886 | 3,296 |
Other liabilities | 60,772 | 70,431 |
Interest maintenance reserve (IMR) | 17,930 | 3,964 |
Asset valuation reserve | 12,386 | 10,406 |
TOTAL LIABILITIES | 1,181,718 | 1,137,998 |
SURPLUS | 177,994 | 159,091 |
TOTAL LIABILITIES & SURPLUS | $1,359,712 | $1,297,089 |
2016 | 2015 | |
---|---|---|
Bonds | $807,936 | $781,310 |
Preferred stocks | 0 | 0 |
Common stocks | 65,125 | 56,576 |
Mortgage loans | 183,155 | 165,444 |
Real estate | 8,695 | 8,531 |
Policy loans | 154,407 | 148,162 |
Cash & short term securities | 5,770 | 8,112 |
Premiums deferred and uncollected | 45,612 | 45,101 |
Other assets | 89,012 | 83,853 |
TOTAL ADMITTED ASSETS | $1,359,712 | $1,297,089 |