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A Message From

Paul A. Quaranto, Jr., MBA, LLIF Chairman, Chief Executive Officer and President

Paul shares his thoughts on how the power of many paves the way to success.

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Our Year

Working together, improving together

Created Strategic Business Centers
Our Structure

Created Strategic Business Centers

In order to sustain profitable growth, remain competitive, and ensure we are best positioned to deliver on our commitments to our policyholders and each other, we continually strive for a more efficient combination of people, processes, and technology.

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Jim Jacobsen appointment to Executive VP of Distribution
Our Talent

Jim Jacobsen appointed to Executive VP of Distribution

Our employees bring a diverse range of expertise and experience to our company. As an ongoing part of our growth and development, we’re always looking for new key talent to add to the Boston Mutual family.

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A.M. Best Rating “A” (Excellent)
Our Rating

A.M. Best Rating “A” (Excellent)

In 2017 A.M. Best, the oldest and most authoritative insurance rating and information source, upgraded our financial strength rating (FSR) from “A-“ (Excellent) to “A” (Excellent), with a Stable outlook.

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Launched BML University
Our Learning Organization

Launched BML University

At Boston Mutual, we value all opportunities to keep learning, and our commitment to building out a meaningful learning organization framework is a key part of our investment in each other.

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Making an Impact Program

Uniting employee with employee, company to community, in the name of giving

Employee Volunteerism

We encourage everyone to channel his or her giving spirit. That’s why all employees are eligible to dedicate one workday each year to volunteering at a employee-chosen worthy initiative or signature partner opportunity.

Charitable Giving

From matching employee donations to tapping into signature partner relationships, we identify new ways to give back to communities across the country, every year.

Public Affairs

Because there are many ways to lend a hand, we go beyond traditional philanthropic efforts, supporting employee involvement in local schools, town boards and committees, as well as providing technology donations to community organizations.

Environmental Sustainability

From recycling programs and timed lights to ride sharing and responsible renovating, we are continually finding ways to conserve and protect our precious resources for future generations.

How We Are Making An Impact

We have forged relationships with many organizations that are making a positive impact.

Organizations We Support

Our Signature Partners

2017 Financials


14 consecutive years of strong earnings


Excellent balance sheet with low-risk and high-quality assets and liabilities


Surplus has more than doubled in 10 years


$20.9 billion life insurance in-force

Income Dollars in Thousands

Year Ended December 31
2017 2016
Premium income $196,665 $188,077
Net investment income 63,166 55,650
Other income 14,369 13,020
TOTAL INCOME 274,200 256,747
Life insurance benefits 68,194 66,072
Accident & health benefits 18,402 15,475
Other policy benefits 36,397 35,051
Increase in reserves 33,935 36,742
Commissions 40,752 34,125
General expenses 48,966 43,538
Taxes other than federal income taxes 7,851 7,318
Dividends to policyholders 1,443 1,522
GAIN FROM OPERATIONS $18,260 $16,904

Assets Dollars in Thousands

Year Ended December 31
2017 2016
Bonds $829,440 $807,936
Preferred stocks 0 0
Common stocks 73,317 65,125
Mortgage loans 192,121 183,155
Real estate 10,385 8,695
Policy loans 160,161 154,407
Cash & short term securities 29,649 5,770
Premiums deferred and uncollected 47,191 45,612
Other assets 88,218 89,012
TOTAL ASSETS $1,430,482 $1,359,712

Liabilities & Surplus Dollars in Thousands

Year Ended December 31
2017 2016
Policy reserves $1,086,363 $1,053,271
Policy & contract claims 19,645 17,047
Deposit-type contracts 16,509 16,426
Other policyholder funds 3,734 3,886
Other liabilities 63,936 60,772
Interest maintenance reserve (IMR) 17,782 17,930
Asset valuation reserve (AVR) 13,146 12,386
TOTAL LIABLITIES 1,221,115 1,181,718
SURPLUS 209,367 177,994
Total Liabilities & Surplus $1,430,482 $1,359,712

Assets Dollars in Thousands

Year Ended December 31
  • $1,188,768
  • $1,245,224
  • $1,297,089
  • $1,359,712
  • $1,430,482

Our Future

Leveraging our strengths and staying focused and disciplined, we’ll continue to evolve to be there for our customers, our communities, and each other. At Boston Mutual Life Insurance Company, we’re one company, working together, working for you.