2020-11-12T18:10:31-06:00 2019-12-31 ERNST & YOUNG US LLP 101 E WASHINGTON STREET STE 910 PHOENIX AZ 85004 990 2019-01-01 740548665 Catholic Life Insurance % COLLEEN Z BERGER CATH 2108289921 1635 NE LOOP 410 SUITE 400 SAN ANTONIO TX 78209 COLLEEN Z BERGER SVP/CFO 2108289921 2020-11-12 true PATRICK SHIELDS P01508556 6023223000 74.132.234.225 86597020203175000001 2020-11-12 P 8C048948B7A490D07CE5A3F0FC0D62282FFB2377 83D5331C5F78DD62101B13DFD7DEF5A0C3889B4F 2019 2021-04-22 16:20:28Z COLLEEN Z BERGER SAME AS C ABOVE SAN ANTONIO TX 78209 257983743 false X CATHOLICLIFEINSURANCE.COM X 1901 TX Catholic Life Insurance is a fraternal benefit society that offers life insurance, retirement products and Medicare supplement insurance. 9 8 79 419 0 0 0 0 52960863 51904085 51105014 52162669 1280005 938630 105345882 105005384 0 0 74470272 75108026 6645544 6811479 0 0 0 18131590 17200335 99247406 99119840 6098476 5885544 1191991110 1207953221 1094168974 1104699746 97822136 103253475 Catholic Life Insurance is a fraternal benefit society that offers life insurance, retirement products and Medicare supplement insurance. false false Catholic Life Insurance is a fraternal benefit society that offers life insurance, retirement products and Medicare supplement insurance. false 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 28669 0 true 79 true false false false false 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 X J Michael Belz President/CEO 38.5 0.0 X X 574453 0 175991 John Michael Luksa SVP/Director of Sales 38.5 0.0 X 202000 0 36141 Colleen Z Berger SVP/CFO 38.5 0.0 X 200672 0 35681 Michael A Nance VP/Treasurer 38.5 0.0 X 158246 0 32695 Frank Gentile SVP/Chief Underwriter 38.5 0.0 X 151681 0 31673 Scott D Brant SVP/Information Technologies 38.5 0.0 X 153960 0 28929 Barbara A Cheaney SVP/Marketing-Communications 38.5 0.0 X 134157 0 39722 Patricia G Gutierrez SVP/Operations 38.5 0.0 X 123649 0 49917 Dawn C Fanfelle VP/Human Resources & Training 38.5 0.0 X 110484 0 12298 Tommy J Hoelscher Director 4.0 0.0 X 28166 0 0 Sandra T King Director 4.0 0.0 X 20775 0 0 Felix J Skarpa Director 4.0 0.0 X 19420 0 0 Robert L Moczygemba Director 4.0 0.0 X 18900 0 0 Cynthia Travis-Olson Director 4.0 0.0 X 18675 0 0 Charles L Hughes Jr Director 4.0 0.0 X 18450 0 0 Jo Ann Shimek Director 4.0 0.0 X 18000 0 0 Michael C Stolowski Director 4.0 0.0 X 17550 0 0 1969238 0 443047 10 false true false Wellington Management Co LLP 75 State Street BOSTON MA 02109 Investment MGMT 713300 Allen Bailey Associates Inc 8310 Capital of TX Hwy Ste 370 AUSTIN TX 78731 Actuarial Services 445505 Eugene Smart 5889 S Braeswood Blvd HOUSTON TX 77096 Independent Agent 364947 The Sabinal Group 237 W Travis 200 SAN ANTONIO TX 78205 Construction 323176 Sapiens Americas Corporation PO Box 17182 PALATINE IL 60055 Consulting 256022 16 0 INS. PREMIUMS & ANNUITY CONSIDERATIONS 524114 51904085 51904085 51904085 51244508 51244508 0 0 894145 1419439 -525294 0 -525294 -525294 152477081 151558920 918161 918161 918161 0 0 0 0 0 0 0 0 0 AMORTIZATION OF IMR 524114 1463924 1463924 1463924 105005384 51904085 53101299 0 0 0 75108026 1575815 0 3440734 754739 689449 350742 0 31112 525679 0 0 843379 156329 352798 988105 173409 0 156826 105571 0 591402 0 0 989449 114246 INCREASE IN POLICY RSV 8873061 COMMISSIONS 2284247 FRAT EXP. & BRANCH FUNDING 400033 ALL OTHER EXPENSES 614689 99119840 9014882 30752765 0 0 0 0 11616587 11705560 0 0 0 0 5781072 5905183 0 0 0 0 14885283 8841452 6073251 6043831 1156234849 1151134862 3084336 2246720 0 0 0 0 186133 164300 1191991110 1207953221 1482519 1691626 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1092686455 1103008120 1094168974 1104699746 X 0 0 0 0 0 0 97822136 103253475 1191991110 1207953221 X 5885544 162537 -616742 X X false true X true false 10623664 5118792 5504872 3429757 3002589 427168 831862 720071 111791 6043831 0 AGGREGATE RESERVE FOR LIFE 1064521684 AGGREGATE RESERVE FOR ACCIDENT 298 LIABILITY FOR DEPOSIT-TYPE CONTRACTS 16509491 CONTRACT CLAIMS - LIFE 6565880 CONTRACT CLAIMS - ACCIDENT AND HEALTH 7445 PREMIUMS AND ANNUITY CONSIDERATIONS 1023878 CONTRACT LIABILITIES NOT INCLUDED ELSEWHERE 3640419 UNEARNED INVESTMENT INCOME 190108 AMOUNTS WITHHELD OR RETAINED BY SOCIETY 24939 REMITTANCES AND ITEMS NOT ALLOCATED 129533 LIABILITY FOR BENEFITS FOR EMPLOYEES 791179 MISCELLANEOUS LIABILITIES - ASSET VALUATION RESERVE 6703132 AGGREGATE WRITE-INS FOR LIABILITIES 2900134 1103008120 102847903 -1239320 -1239320 104087223 918161 918161 105005384 97880520 97880520 1239320 1239320 99119840 SCHEDULE D, PART XI, LINE 2D REAL ESTATE AND INVESTMENT EXPENSE RECLASSES SCHEDULE D, PART XI, LINE 4B NET GAIN FROM THE SALE OF ASSETS SCHEDULE D, PART XII, LINE 4B REAL ESTATE AND INVESTMENT EXPENSE RECLASSES X X true true X X X X false true false J Michael Belz President/CEO 495098 0 62722 0 16633 0 154401 0 21590 0 750444 0 0 0 John Michael Luksa SVP/Director of Sales 170867 0 25850 0 5283 0 0 0 36141 0 238141 0 0 0 Colleen Z Berger SVP/CFO 185541 0 13600 0 1531 0 23178 0 12503 0 236353 0 0 0 Michael A Nance VP/Treasurer 148656 0 6825 0 2765 0 0 0 32695 0 190941 0 0 0 Scott D Brant SVP/Information Technologies 142194 0 10528 0 1238 0 17509 0 11420 0 182889 0 0 0 Frank Gentile SVP/Chief Underwriter 140991 0 9209 0 1481 0 17341 0 14332 0 183354 0 0 0 Barbara A Cheaney SVP/Marketing-Communications 123937 0 8375 0 1845 0 16038 0 23684 0 173879 0 0 0 Patricia G Gutierrez SVP/Operations 113883 0 8066 0 1700 0 14678 0 35239 0 173566 0 0 0 Schedule J, Part I, LINE 1A 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. Social club dues are paid for use by President/CEO for networking. Expenses related to personal usage are reimbursed by President/CEO. Schedule J, Part I, Line 4B The President/CEO participates in a SERP. A scheduled portion was paid to him during 2019. This was included in taxable income in 2018. Form 990, Part VI, Line 6 The organization has members. Form 990, Part VI, Line 7a The organization has members who may elect one or more members of the governing body. Form 990, Part VI, Line 7b 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. Proposed changes may include the Societys name change or re-location, or a possible merger with or acquisition of another entity. Form 990, Part VI, Line 11B An outside firm completes the Catholic Life Insurance Form 990 based on information provided by the accounting department. Once complete, a detailed review of the specific amounts within the return are reviewed by the CFO. The President/CEO performs a very general overview of selected parts of the return. Form 990, Part VI, Line 12c Annually, each officer and director is required to complete a Conflict of Interest form. The President/CEO reviews each form. If he sees anything of concern, the form(s) is referred to the Audit, Risk & Compliance Committee. Part of the duties and responsibilities of the Committee is to "monitor compliance with the Societys Code of Ethics and Conflict of Interest Policy and Whistleblower Policy." Form 990, Part VI, Line 15a The Board of Directors determine the compensation of the President/CEO. The Compensation Committee of the Board reviews the most recent LOMA(Life Office Management Association) 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 2019 executive compensation review was performed in March 2019. Form 990, Part VI, Line 15b 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 and/or other appropriate compensation surveys. 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 2019 review was performed March 2019. Form 990, Part VI, Line 19 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 $(616,742) Form 990, Part XII, Line 1 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.