National Life Group Releases 2023 Annual Report

Montpelier, VT - (April 15, 2024) National Life Group released its 2023 Annual Report, which highlights new sales records set despite market volatility, as well product innovation and expanded community support.

“We continue to grow with purpose while consistently outpacing our competition even with market volatility. At the same time, we have expanded efforts to combat childhood hunger, support youth mental health and build communities nationwide,” Chairman, CEO and President Mehran Assadi said. “We know our associates are our competitive advantage, our ‘secret sauce.’ They are essential to our mission-driven and purposeful culture, enabling us to serve Middle America.”

Among the accomplishments noted in the report:

• Set new sales records:
• $530 million in life insurance policies
• $2.7 billion in Single Premium Deferred Annuities
• $220 million in flow annuity business
• $47 billion in assets under management
• $471 million in core earnings
• Pioneered the introduction of two innovative living benefits riders¹: a new Accelerated Benefits Alzheimer’s Disease rider and a first of its kind Fertility Journey rider
• $1.73 million raised for Vermont flood relief through Do Good Fest

All of the details of the year can be found in the electronic version of the report, also summarized in this year’s Business Highlights.

About National Life Group
National Life is here to bring you peace of mind. We’ve been keeping our promises since 1848. Believe in tomorrow, do good today. Learn more at NationalLife.com

Contact: Daphne Larkin, corporate communications, National Life Group, 802.229.3607.

National Life Group® is a trade name of National Life Insurance Company, founded in Montpelier, Vt., in 1848, Life Insurance Company of the Southwest, Addison, Texas, chartered in 1955, and their affiliates.  Each company of National Life Group is solely responsible for its own financial condition and contractual obligations.  Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York.

¹ Living benefits may be provided by riders, which are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products.

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