When choosing a company to be your insurance and funding partner, you look for
indicators of financial strength. Since our founding in 1960, SFLIC has been
recognized for its financial soundness as well as for its leadership in serving
the funeral profession.
SFLIC has maintained a conservative investment philosophy over the years, and
by the end of 2008, SFLICs assets had grown to $140,378,927 from assets
of $40,000 in 1960.
SFLICs capital and surplus was $20,443,525, with a ratio of capital and
surplus to assets of 14.6%. This ratio is extremely strong compared to regional
and national life insurance companies that serve the funeral expense and
SFLIC's investment policy has always been to invest in high quality assets in
the form of government bonds, high grade corporate bonds, FDIC bank deposits,
good quality common and preferred stocks, and very select mortgage loans.
SFLICs public and corporate bond portfolios were rated one of the highest
in the industry. Under the rating of the National Association of Insurance
Commissioners (NAIC), 98.6% of the bond portfolio was rated as high quality
Of these quality bonds, 97% are rated in the very highest category, as compared
to the 2007 industry average of 75.4% for publicly traded bonds.
SFLIC has not formally applied for a rating through any of the recognized
rating services. However, Standard and Poors issues ratings on most life
insurance and health insurance companies. We are pleased to report that our
Company has been assigned a rating of "BBBpi" by Standard and Poors, a
fine rating for a small regional company.