2024-11-15T09:53:47+00:00 2023-12-31 346565596 ERNST & YOUNG US LLP 2323 VICTORY AVENUE DALLAS TX 75219 990 2023-01-01 740548665 Catholic Life Insurance CATH 2108289921 1635 NE LOOP 410 SUITE 400 SAN ANTONIO TX 78209 COLLEEN Z BERGER SVP/CFO 2108289921 2024-11-15 true true Patrick Shields P01508556 2149698000 2024-11-15 2023 2024-10-15 13:58:12Z COLLEEN Z BERGER 1635 NE LOOP 410 SUITE 400 SAN ANTONIO TX 78209 202682661 false X CLIU.COM X 1901 TX CATHOLIC LIFE INSURANCE IS A FRATERNAL BENEFIT SOCIETY THAT OFFERS LIFE INSURANCE AND RETIREMENT PRODUCTS. 9 8 80 378 0 0 0 0 59824147 99339200 52594768 53717765 290964 -277719 112709879 152779246 0 0 80250237 144396888 5843691 7344662 0 0 0 22241924 -3195273 108335852 148546277 4374027 4232969 1276938142 1265111807 1165800833 1150782266 111137309 114329541 CATHOLIC LIFE INSURANCE IS A FRATERNAL BENEFIT SOCIETY THAT OFFERS LIFE INSURANCE AND RETIREMENT PRODUCTS. false false CATHOLIC LIFE INSURANCE IS A FRATERNAL BENEFIT SOCIETY THAT OFFERS LIFE INSURANCE AND RETIREMENT PRODUCTS. 0 false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 27309 0 true 80 true false false false false false false false false X 9 8 false false false false true true true true true false true true false true true true true true true true false X COLLEEN Z BERGER 2108289921 1635 NE LOOP 410 SUITE 400 SAN ANTONIO TX 78209 Christopher Michael Belz President/CEO - BEG 12/01/23 38.5 0.0 X X 319522 0 731 Joseph Michael Belz President Emeritus - END 12/15/23 38.5 0.0 X X 1012292 0 61307 Allen Strickland Director 4.0 0.0 X 18200 0 0 Danny J Nortman Director 4.0 0.0 X 21500 0 0 Dennis R Matthiesen Director 4.0 0.0 X 22050 0 0 Dianne Cerny Director 4.0 0.0 X 25274 0 0 Eva Martinez Director 4.0 0.0 X 19300 0 0 Felix J Skarpa Director 4.0 0.0 X 27442 0 0 John Raabe Director 4.0 0.0 X 21500 0 0 Roland DeWinne Jr Director 4.0 0.0 X 20675 0 0 Colleen Z Berger SVP/CFO 38.5 0.0 X 223920 0 54322 John M Luksa SVP/Director of Sales 38.5 0.0 X 232389 0 66052 Barbara A Cheaney SVP/Marketing-Communications 38.5 0.0 X 144031 0 34779 Dawn C Fanfelle VP/Human Resources & Training 38.5 0.0 X 128886 0 28934 Frank Gentile SVP/Chief Underwriter 38.5 0.0 X 181743 0 33382 Janet Friesenhahn VP/Director of Agencies 38.5 0.0 X 101093 0 36879 Scott D Brant SVP/Information Technologies 38.5 0.0 X 172273 0 50818 2692090 0 367204 10 false true false EUGENE SMART 5889 S BRAESWOOD BLVD HOUSTON TX 77096 INDEPENDENT AGENT 588962 WELLINGTON MANAGEMENT CO LLP 75 STATE STREET BOSTON MA 02109 INVESTMENT MGMT 522675 JAMES E TIRRES 1635 NE LOOP 410 STE 401 SAN ANTONIO TX 78209 INDEPENDENT AGENT 359295 SAPIENS AMERICAS CORPORATION PO BOX 17182 PALATINE IL 60055 CONSULTING 354891 AUTOMATIC ELEVATOR INC PO BOX 1145 SOMERSET TX 78069 CONSTRUCTION 263218 18 0 INS. PREMIUMS & ANNUITY CONSIDERATIONS 524114 99339200 99339200 0 0 0 0 99339200 54702564 54702564 791007 1519822 -728815 0 -728815 -728815 47398794 48383593 -984799 0 -984799 -984799 AMORTIZATION OF IMR 524114 451096 451096 0 0 0 0 451096 152779246 99339200 0 53440046 144396888 2146475 3633059 276022 900978 388128 22459 627099 791685 175433 306608 1387590 161292 175977 163891 556268 322687 150558 COMMISSIONS 3407847 FRAT EXP. & BRANCH FUNDING 354959 DECREASE IN POLICY RSV -12269601 469975 148546277 1905933 11269084 13294911 13284353 0 0 0 0 5551950 5787550 16532114 11162670 5622701 5369444 1217504443 1200082475 32874455 29285793 0 183749 33108 1276938142 1265111807 1690037 2061229 0 0 1164110796 1148721037 1165800833 1150782266 X 111137309 114329541 111137309 114329541 1276938142 1265111807 X 4232969 -4141215 3100478 X false true X true false 12020787 6764971 5255816 3504369 3457638 46731 1006958 940061 66897 5369444 AGGREGATE RESERVES FOR ACCIDENT 534 LIABILITY FOR DEPOSIT-TYPE CONTRACTS 16215057 CONTRACT CLAIMS - LIFE 12149744 CONTRACT CLAIMS - ACCIDENT & HEALTH 9702 PREMIUMS AND ANNUITY CONSIDERATIONS 970142 CONTRACT LIABILTIES NOT INCLUDED ELSEWHERE 2210495 UNEARNED INVESTMENT INCOME 188866 AMOUNTS WITHHELD OR RETAINED BY SOCIETY 72712 REMITTANCES AND ITEMS NOT ALLOCATED 530132 LIABILITY FOR BENEFITS FOR EMPLOYEES 944337 MISCELLANEOUS LIABILITIES - ASSET VALUATION RESERVE 11312025 AGGREGATE WRITE-INS FOR LIABILITIES 94092 AGGREGATE RESERVES FOR LIFE 1104023199 1148721037 152682851 1687772 1687772 150995079 1784167 1784167 152779246 147465207 0 0 147465207 1081070 1081070 148546277 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 REAL ESTATE AND INVESTMENT EXPENSE RECLASSES - 1687772 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements NET LOSS FROM THE SALE OF ASSETS - 1784167 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements REAL ESTATE AND INVESTMENT EXPENSE RECLASSES - 1081070 X X true true X X X X false false false Christopher Michael Belz President/CEO - BEG 12/01/23 277085 0 33750 0 8687 0 0 0 731 0 320253 0 0 0 Joseph Michael Belz President Emeritus - END 12/15/23 624684 0 96243 0 291365 0 37508 0 23799 0 1073599 0 0 0 Colleen Z Berger SVP/CFO 204174 0 18304 0 1442 0 22759 0 31563 0 278242 0 0 0 John M Luksa SVP/Director of Sales 188746 0 40706 0 2937 0 23953 0 42099 0 298441 0 0 0 Scott D Brant SVP/Information Technologies 157662 0 13421 0 1190 0 17406 0 33412 0 223091 0 0 0 Frank Gentile SVP/Chief Underwriter 165261 0 14750 0 1732 0 17547 0 15835 0 215125 0 0 0 Barbara A Cheaney SVP/Marketing-Communications 130837 0 11486 0 1708 0 15631 0 19148 0 178810 0 0 0 Dawn C Fanfelle VP/Human Resources & Training 121238 0 6635 0 1013 0 12629 0 16305 0 157820 0 0 0 Schedule J, Part I, Line 1a Travel for companions A COMPANION MAY TRAVEL WITH EMPLOYEE TO BUSINESS FUNCTION. COST OF COMPANION IS PAID BY EMPLOYEE UNLESS THERE ARE EVENTS WITHIN THE BUSINESS FUNCTION SUGGESTING THE COMPANION ATTEND. IF SO, ONE-HALF OF COST IS PAID BY EMPLOYEE. Schedule J, Part I, Line 1a Health or social club dues or initiation fees SOCIAL CLUB DUES ARE PAID FOR USE BY PRESIDENT/CEO FOR NETWORKING. EXPENSES RELATED TO PERSONAL USAGE ARE REIMBURSED BY PRESIDENT/CEO. Form 990, Part VI, Line 6 Classes of members or stockholders THE ORGANIZATION HAS MEMBERS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE ORGANIZATION HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL BY THE MEMBERS. FOR EXAMPLE, PROPOSED CHANGES TO THE BYLAWS ARE BROUGHT BEFORE THE DELEGATES, WHO REPRESENT THE MEMBERSHIP, FOR APPROVAL AT BI-ANNUAL CONVENTIONS. Form 990, Part VI, Line 11b Review of form 990 by governing body AN OUTSIDE FIRM COMPLETES THE CATHOLIC LIFE INSURANCE FORM 990 BASED ON INFORMATION PROVIDED BY THE CLI ACCOUNTING DEPARTMENT. ONCE COMPLETE, A DETAILED REVIEW OF THE SPECIFIC AMOUNTS WITHIN THE RETURN ARE REVIEWED BY THE CFO. Form 990, Part VI, Line 12c Conflict of interest policy EACH OFFICER AND DIRECTOR IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. THE PRESIDENT/CEO REVIEWS EACH FORM. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD OF DIRECTORS DETERMINE THE COMPENSATION OF THE PRESIDENT/CEO. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE MOST RECENT LOMA EXECUTIVE COMPENSATION SURVEY. INCLUDED IN THIS SURVEY ARE SALARY COMPARISONS OF FRATERNAL BENEFIT SOCIETIES AND OTHER COMPARABLE COMPANIES WITHIN VARIOUS POSITIONS AND COMPANY SIZE. THE COMPENSATION COMMITTEE REVIEWS AND SUBMITS A RECOMMENDATION FOR SALARY AND PERFORMANCE BONUS OF THE PRESIDENT/CEO TO THE BOARD OF DIRECTORS FOR APPROVAL. COMPENSATION COMMITTEE RECOMMENDATIONS ARE DISCUSSED BY THE ENTIRE BOARD OF DIRECTORS AND ACTIONS TAKEN ARE DOCUMENTED IN THE BOARD MEETING MINUTES. THESE BOARD MEETING MINUTES ARE KEPT IN THE HOME OFFICE. THE MOST RECENT COMPENSATION REVIEW WAS IN OCTOBER 2023. Form 990, Part VI, Line 15b Process to establish compensation of other employees RECOMMENDATIONS OF COMPENSATION TO BE PAID TO ALL OFFICERS ARE SUBMITTED BY THE PRESIDENT/CEO TO THE COMPENSATION COMMITTEE FOR THEIR REVIEW AND SUBMISSION TO THE BOARD OF DIRECTORS FOR APPROVAL. COMPENSATION RECOMMENDATIONS FOR OFFICERS ARE BASED ON THE MOST RECENT LOMA EXECUTIVE COMPENSATION SURVEY. COMPENSATION COMMITTEE RECOMMENDATIONS ARE DISCUSSED BY THE ENTIRE BOARD OF DIRECTORS AND ACTIONS TAKEN ARE DOCUMENTED IN THE BOARD MEETING MINUTES. THESE MINUTES ARE KEPT IN THE HOME OFFICE. THE MOST RECENT COMPENSATION REVIEW WAS IN MARCH 2024. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FROM THE HOME OFFICE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN NON-ADMITTED ASSETS - -1670577; CHANGE IN ASSET VALUATION RESERVE - 2557816; AGGREGATE WRITE-INS FOR GAINS AND LOSSES IN SURPLUS - 1084652; OTHER CHANGES - 1128587; FORM 990, PART XII ACCOUNTING METHOD THE FINANCIAL STATEMENTS OF CATHOLIC LIFE INSURANCE ARE PRESENTED ON THE BASIS OF ACCOUNTING PRACTICES PRESCRIBED AND PERMITTED BY THE TEXAS DEPARTMENT OF INSURANCE. (TDI) THE TDI RECOGNIZES ONLY STATUTORY ACCOUNTING PRACTICES PRESCRIBED OR PERMITTED BY THE STATE OF TEXAS FOR DETERMINING AND REPORTING THE FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF AN INSURANCE COMPANY, FOR DETERMINING ITS SOLVENCY UNDER THE TEXAS INSURANCE LAW.