Columbian Mutual Life Insurance Company, a New York domiciled mutual life insurer, was founded in 1882. It has always prided itself on maintaining a solid financial and investment posture to ensure that it can meet its policyholder obligations. The Company continues to be in an extremely strong financial position. Surplus, which provides a safety cushion for meeting policyholder claims, remains strong. Capital adequacy tests show the Company to be very well capitalized.
The most important determinant of a life insurer's financial strength is its investment portfolio - Columbian Mutual and Columbian Life's portfolios are exceptional. Our companies' investment portfolios, in excess of 1.64 billion, consist of well diversified and high quality fixed income securities (i.e. bonds and commercial mortgages). Columbian has never been an active investor in non-investment grade bonds. The commercial mortgage loan portfolios continue to perform exceptionally well.
Columbian also conducts its insurance business in a conservative manner. Columbian carefully scrutinizes and actively reinsures risks in excess of its desired retentions only with companies that are financially sound.
Overall, Columbian is dedicated to maintaining the sound financial position which its policyholders justifiably expect.
Columbian Mutual Life Insurance Company Financials
(based on 2018 3rd quarter information)
Assets = $1,454,293,859
Total Liabilities = $1,349,098,537
Surplus = $105,195,322