National Life reports operating revenue of $1.7 billion, sets new company record

first_img‘We are in a strong financial position,’ said CEO Mehran Assadi. ‘These numbers tell an impressive story, one of strong operating revenues and a healthy statutory surplus.’  ###Consolidated end of year results of NLV Financial Corporation and Subsidiaries, including National Life Insurance Company, Life Insurance Company of the Southwest, Sentinel Investments, Equity Services, Inc., and National Retirement Plan Advisors.  Assadi said the company fared well despite continued uncertainty in the economy. ‘Today’s economic climate has people looking for solutions to meet a lifetime of needs ‘ and that’s what we offer,’ he said. The company also announced that total assets under management grew $3 billion to $28.94 billion, that insurance in force increased roughly $2 billion to just over $62 billion, and that the company’s statutory surplus stood at $1.14 billion. National Life Group,National Life Group today released its consolidated financial results for 2010, reporting a record high $1.74 billion in total revenue. The company’s 2010 results show increases over 2009 in total revenue, net income, total assets under management, insurance in force, statutory surplus, life insurance sales, and gross sales of mutual funds. The 2010 net income of $122.4 million was an increase of 69 percent over 2009’s results. National Life Group® is a trade name representing various affiliates that offer a variety of financial service products.  National Life Insurance Company is licensed in all 50 states and the District of Columbia. Life Insurance Company of the Southwest, Addison, TX is licensed to do business in 49 states and the District of Columbia. It is not licensed to do business in New York.  Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company.  Sentinel Investments® is the unifying brand name for Sentinel Financial Services Company, Member FINRA/SIPC, Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc.  All companies, unless otherwise noted, are affiliated and are located in Montpelier, VT.  Each company of the group is solely responsible for its own financial condition and contractual obligations.center_img Please go to www.nationallife.com(link is external) for the complete financial statement.  ‘These numbers are impressive evidence that we emerged in excellent shape following the nation’s economic collapse of 2008 and 2009,’ said Assadi. Source: National Life, 3.24. 2011 As of December 31, 2010, National Life Group held $28.94 billion of assets under management and served in excess of 840,000 customers, with roughly 570,000 of those holding life insurance policies or annuity contracts and roughly 270,000 holding mutual fund accounts. The companies of National Life Group offer a broad range of financial products, including life insurance, annuities, and mutual funds, and financial solutions in the form of estate, business succession and retirement planning strategies. Mutual Funds and variable products are sold by prospectus. For more complete information, please request a prospectus from your registered representative. Please read it and consider carefully a Fund’s objectives, risks, charges and expenses before you invest or send money. The prospectus contains this and other information about the investment company.last_img read more

DPS cautions students after sexual battery incident

first_imgThe Department of Public Safety issued a sexual battery alert Monday, informing students to take precaution when using ride sharing apps like Lyft and Uber.The crime alert comes after a student reported being sexually harassed by her driver at 1:45 a.m. on Oct. 28. The student requested a ride from the 901 Bar and Grill on Figueroa Street and entered the passenger seat of what she believed to be her ride share car, according to the alert. The alert said the student yelled at the driver, who pulled over and let her out of the car at 27th Street.The DPS assistant chief David Carlisle said the case is currently under investigation by the Los Angeles Police Department with assistance from DPS. He said that anyone who witnessed the event or has had a similar experience should contact DPS. Carlisle said students should take precautions when using rideshare applications, such as riding with friends when possible. Students should also verify that the vehicle they enter is the one listed on the app and that their driver matches with the photograph, he said. “Most ride services, as we all know, are legitimate,” Carlisle said. “It is always a good idea to be safe and probably the best first choice is USC Campus Cruiser.”The DPS alert stated that students can use services like Lyft’s “share your ETA” function to text their estimated time of arrival with friends and a live map to track rides. The alert also said students could call a friend and stay on the line until they reach their destination. “Make smart choices,” Carlisle said. “If the situation doesn’t feel right, it probably isn’t, so one should stop and think a second time, and when in doubt stop and call DPS.”last_img read more