2018-11-14T08:44:30-06:00 2017-12-31 BDO USA LLP 9901 IH-10 Suite 500 San Antonio TX 78230 990 2017-01-01 740548665 CATHOLIC LIFE INSURANCE % COLLEEN Z BERGER CAT 2108289921 1635 NE LOOP 410 Suite 400 SAN ANTONIO TX 78209 COLLEEN Z BERGER SVP/cfo 2103428000 2018-11-15 true N Ari Berlin P00665358 2103428000 4.16.100.98 70263520183185000004 2018-11-14 P 0929D7FD8EA937966684D6C3D3267034DE044F54 C30AC3597BB41CBFE0C667E9F80569A6858B69D8 2017 2019-02-21 02:37:17Z X COLLEEN Z BERGER 1635 NE LOOP 410 STE 400 SAN ANTONIO TX 78209 233328378 false X WWW.CATHOLICLIFEINSURANCE.COM X FRAT BENEFIT SOCIETY 1901 TX A FRATERNAL BENEFIT SOCIETY WHICH PROVIDES LIFE, WHOLE LIFE, AND UNIVERSAL LIFE CERTIFICATES, AND ANNUITY CONTRACTS TO ITS MEMBERS 9 8 83 455 0 0 0 0 70420105 55056944 51026570 52309362 1568066 1595791 123014741 108962097 0 0 55187621 71737773 6121304 6438659 0 0 0 55295864 22540337 116604789 100716769 6409952 8245328 1153734920 1178251273 1066676175 1087193823 87058745 91057450 A FRATERNAL BENEFIT SOCIETY WHICH PROVIDES LIFE, WHOLE LIFE, AND UNIVERSAL LIFE CERTIFICATES, AND ANNUITY CONTRACTS TO ITS MEMBERS false false PROVISION OF BENEFITS, INCLUDING LIFE, WHOLE LIFE, AND UNIVERSAL LIFE INSURANCE, AND ANNUITY CONTRACTS TO ITS MEMBERS. 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 29254 0 true 83 true 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 STE 400 SAN ANTONIO TX 78209 TOMMY J HOELSCHER DIRECTOR 4.0 0.0 X 29408 0 0 SANDRA T KING DIRECTOR 4.0 0.0 X 18300 0 0 ROBERT LESTER MOCZYGEMBA SR DIRECTOR 4.0 0.0 X 18325 0 0 FELIX J SKARPA DIRECTOR 4.0 0.0 X 18903 0 0 DORIS J SHORT DIRECTOR 4.0 0.0 X 19050 0 0 JO ANN SHIMEK DIRECTOR 4.0 0.0 X 17625 0 0 MICHAEL E STOLOWSKI DIRECTOR 4.0 0.0 X 17175 0 0 CHARLES L HUGHES JR DIRECTOR 4.0 0.0 X 17625 0 0 J MICHAEL BELZ PRESIDENT/CEO 40.0 0.0 X X 558962 0 311386 THOMAS M PETRI VP/TREASURER 40.0 0.0 X 195637 0 39466 COLLEEN Z BERGER VP/CFO 40.0 0.0 X 186363 0 23081 R DENNIS BEST VP/DIRECTOR OF AGENCIES 40.0 0.0 X 190882 0 37745 FRANK GENTILE VP/CHIEF UNDERWRITER 40.0 0.0 X 143482 0 25984 BARBARA A CHEANEY VP/MARKETING-COMMUNICATIONS 40.0 0.0 X 131300 0 24727 PARTRICIA G GUTIERREZ VP/OPERATIONS/CORP. SECRETARY 40.0 0.0 X 116466 0 35701 SCOTT D BRANT VP/INFORMATION TECHNOLOGIES 40.0 0.0 X 144464 0 25572 1823967 0 523662 8 false true false WELLINGTON MANAGEMENT CO LLP 75 STATE STREET BOSTON MA 02109 INVESTMENT MGMT 728416 EUGENE N SMART 5889 S BRAESWOOD BLVD HOUSTON TX 77096 COMMISSIONS 315766 ALLEN BAILEY ASSOCIATES INC 8310 CAPITAL OF TX HWY STE 370 AUSTIN TX 78731 ACTUARIAL SERVICES 469047 StoneRiver PO Box 17182 PALANTINE IL 60055 SOFTWARE CONSULTANTS 522743 The Sabinal Group 237 West Travis Ste 200 SAN ANTONIO TX 78205 Construction 398292 16 0 INSURANCE ANNUITY PREMIUMS 524114 55056944 55056944 55056944 50291793 50291793 0 0 858105 1780153 -922048 0 -922048 -922048 124603697 122586128 2017569 2017569 2017569 0 0 0 0 0 0 0 0 0 AMORTIZATION OF IMR 524114 2517839 2517839 2517839 108962097 55056944 53905153 0 0 0 71737773 2347627 0 2781780 504413 485875 318964 0 16024 396763 0 0 792834 146936 338499 874639 33485 0 145463 127044 0 502516 0 0 286261 106700 INCREASE IN POLICY RSV 15731356 COMMISSIONS 2246054 BRANCH FUNDING 279437 FRATERNAL EXPENSES 148247 368079 100716769 16184586 13164675 0 0 0 0 11939130 11888718 0 0 0 0 5618812 5762434 0 0 0 0 14316485 7715827 7069813 6600658 1108122499 1136167435 4606228 4510444 0 0 0 0 193852 156909 1153734920 1178251273 1478834 1496282 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1065197341 1085697541 1066676175 1087193823 X 0 0 0 0 87058745 91057450 87058745 91057450 1153734920 1178251273 X 8245328 -4246623 X X false true X true 13634680 7153944 6480736 681805 561883 119922 6600658 0 AGGREGATE RESERVES FOR CERTIFI 1045221099 LIAB FOR DEPOSIT-TYPE CONTRACT 15223950 RESERVE FOR CERTIFICATE, CONTR 5571869 PREMIUMS RECEIVED IN ADVANCE 1014018 INTEREST MAINTENANCE RESERVE 4428343 AMTS RETAINED AS AGENT OR TRUS 28065 LIAB FOR BENEFITS FOR EMPLOYEE 692796 ASSET VALUATION RESERVE 8058810 OTHER LIABILITIES 329961 ADDITIONAL DEFINED BENEFIT LIA 5128630 1085697541 105185989 606192 606192 104579797 2369010 2013290 4382300 108962097 98953951 606192 606192 98347759 2369010 2369010 100716769 FORM 990, SCHEDULE D, PART XI, LINE 2D ADJUSTMENT FOR INTERCOMPANY RENTAL INCOME 606,192 FORM 990, SCHEDULE D, PART XII, LINE 2D ADJUSTMENT FOR INTERCOMPANY RENTAL INCOME 606,192 FORM 990, SCHEDULE D, PART XI, LINE 4B CAPITAL GAINS (LOSSES) TRANSFERRED TO INTEREST MAINTENANCE RESERVE 2,013,290 X X true true X X X X false true false J MICHAEL BELZ PRESIDENT/CEO 558962 295629 15757 870348 THOMAS M PETRI VP/TREASURER 195637 24506 14960 235103 R DENNIS BEST VP/DIRECTOR OF AGENCIES 190882 22888 14857 228627 COLLEEN Z BERGER VP/CFO 186363 22098 983 209444 FRANK GENTILE VP/CHIEF UNDERWRITER 143482 17196 8788 169466 BARBARA A CHEANEY VP/MARKETING-COMMUNICATIONS 131300 16013 8714 156027 PARTRICIA G GUTIERREZ VP/OPERATIONS/CORP. SECRETARY 116466 15126 20575 152167 SCOTT D BRANT VP/INFORMATION TECHNOLOGIES 144464 16809 8763 170036 FORM 990, SCHEDULE J, PART I, LINE 1A 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. THEN, ONE-HALF OF COST IS PAID BY EMPLOYEE. SOCIAL CLUB DUES ARE PAID FOR USE BY THE PRESIDENT/CEO FOR NETWORKING. DESCRIPTIONS ARE INCLUDED ON THE INVOICE TO IDENTIFY BUSINESS OR PERSONAL USAGE. EXPENSES INCURRED RELATED TO PERSONAL USAGE ARE REIMBURSED BY PRESIDENT/CEO. FORM 990, SCHEDULE J, PART I, LINE 4B PRESIDENT/CEO PARTICIPATES IN A SERP. THE AMOUNT FUNDED IN 2017 WAS $37,975. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 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 WILL PERFORM A VERY GENERAL OVERVIEW OF SELECTED PARTS OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND DIRECTOR IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES 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. RECOMMENDATIONS OF COMPENSATION TO BE PAID TO ALL OTHER 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 ALSO 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 BOARD MEETING MINUTES. THESE BOARD MEETING MINUTES ARE KEPT IN THE HOME OFFICE. THE LAST EXECUTIVE COMPENSATION REVIEW WAS PERFORMED MARCH 2017. FORM 990, PART VI, SECTION C, 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 CHANGE IN NET UNREALIZED CAPITAL GAINS/LOSSES 154,948 CHANGE IN NON-ADMITTED ASSETS -867,228 CHANGE IN ASSET VALUATION RESERVE -1,190,604 CAPITAL GAINS TRANSFERRED TO INT. MAINT RSV -2,013,290 EXCESS ADD'L DEF BENEFIT LIAB OVER PRIOR SVC COST -330,449 ----------- TOTAL TO PART XI, LINE 9 -4,246,623 FORM 990, PART XII, LINE 1 THE ORGANIZATION USES THE STATUTORY METHOD OF ACCOUNTING.