2011-11-14T14:35:58-06:00 2010-12-31 BDO USA LLP 40 NE LOOP 410 SUITE 200 SAN ANTONIO TX 782165876 990 2010-01-01 740548665 CATHOLIC LIFE INSURANCE CATH 2108289921 1635 NE LOOP 410 NO 300 SAN ANTONIO TX 78209 THOMAS M PETRI 2108289921 2011-11-14 1 2103428000 2010 2016-02-24 21:20:13Z THOMAS M PETRI 1635 NE LOOP 410 NO 300 SAN ANTONIO TX 78209 233437284 0 X WWW.CATHOLICLIFEINSURANCE.COM X FRATERNAL 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 73 0 0 0 0 0 69855746 102745800 40548209 47027155 322710 933242 110726665 150706197 0 0 34500709 55494989 5049138 5206594 0 0 0 66949059 79902678 106498906 140604261 4227759 10101936 770594620 851337726 716522322 790778288 54072298 60559438 A FRATERNAL BENEFIT SOCIETY WHICH PROVIDES LIFE, WHOLE LIFE, AND UNIVERSAL LIFE CERTIFICATES, AND ANNUITY CONTRACTS TO ITS MEMBERS 0 0 PROVISION OF BENEFITS, INCLUDING LIFE, WHOLE LIFE, AND UNIVERSAL LIFE INSURANCE, AND ANNUITY CONTRACTS TO ITS MEMBERS. 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27049 0 1 73 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X THOMAS M PETRI 2108289921 1635 NE LOOP 410 SAN ANTONIO TX 782091694 THOMAS M BERGER 4.00 X 15167 0 0 GLADYS M HAECKER 4.00 X 15350 0 0 DORIS SHORT 4.00 X 5725 0 0 THOMAS J SLADECEK 4.00 X 20850 0 0 MICHAEL L DECKER 4.00 X 17150 0 0 JAMES LOUIS PERSYN 4.00 X 12950 0 0 SIXTUS LASKOWSKI 4.00 X 14150 0 0 LAWRENCE C SHIMEK 4.00 X 15552 0 0 J MICHAEL BELZ 40.00 X 476379 0 236376 THOMAS M PETRI 40.00 X 162741 0 32723 COLLEEN Z BERGER 40.00 X 140720 0 24301 MARTHA M MABE 40.00 X 107350 0 27218 BARBARA A CHEANEY 40.00 X 107353 0 19517 RILEY DENNIS BEST 40.00 X 156627 0 32736 FRANK GENTILE 40.00 X 114446 0 17904 1382510 0 390775 7 0 1 0 WELLINGTON MANAGEMENT CO 75 STATE STREET BOSTON MA 02109 INVESTMENT MANAGEMENT 645029 ALLEN BAILEY & ASSOCIATES INC 8310 CAPITAL OF TEXAS HWY N 370 AUSTIN TX 787311011 POLICY RESERVE ACTUARY 214507 ERNST & YOUNG 100 WEST HOUSTON ST SAN ANTONIO TX 78205 ACCOUNTING SERVICES 138500 3 INSURANCE ANNUITY PREM 524114 102745800 102745800 102745800 44372600 44372600 509195 821452 -312257 -312257 -312257 84562526 1664 81904986 4649 2657540 -2985 2654555 2654555 AMORTIZATION OF IMR 524114 1245499 1245499 1245499 150706197 102745800 0 47960397 55494989 1773285 2441168 442709 301127 248305 8542 619499 645029 288805 663114 141768 710821 179887 101726 INCREASE IN POLICY RSV 71248185 COMMISSIONS 4172513 BRANCH FUNDING 295696 FRATERNAL EXPENSES 155733 OFFICIAL PUBL. TO MBRS 126023 545337 140604261 11780220 7839788 8977254 9876858 7304700 6944338 6391061 4831021 1264302 1560040 738020057 816001146 3116571 8974370 131516 141186 770594620 851337726 2714289 2805687 713808033 787972601 716522322 790778288 X 0 0 0 0 54072298 60559438 54072298 60559438 770594620 851337726 X 10101936 -3614796 X 0 1 1 X 0 5554306 4372237 1182069 534581 458784 75797 302174 302174 1560040 AGGREGATE RESERVES FOR CERTIFICATES, CONTRACTS 764869740 RESERVE FOR CERTIFICATE, CONTRACT CLAIMS 5168933 PREMIUMS RECEIVED IN ADVANCE 963395 AMOUNTS RETAINED AS AGENT OR TRUSTEE 71436 ASSET VALUATION RESERVE 1737175 OTHER LIABILITIES 689775 INTEREST MAINTENANCE RESERVE 1627363 LIABILITY FOR DEPOSIT-TYPE CONTRACTS 12003360 LIABILITY FOR BENEFITS FOR EMPLOYEES AND FIELDWORKERS 841424 787972601 150706197 140604261 10101936 -3614796 -3614796 6487140 147302899 424120 424120 146878779 1552211 2275207 3827418 150706197 139476170 424120 424120 139052050 1552211 1552211 140604261 PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN NON-ADMITTED ASSETS 14,095. CHANGE IN ASSET VALUATION RESERVE -1,469,000. NET REALIZED CAPITAL GAINS TRANSFERRED TO INTEREST MAINTENANCE RSV -2,275,207. CHANGE IN NET UNREALIZED CAPITAL GAINS/LOSSES 115,316. PART XII, LINE 2D AND PART XIII, LINE 2D ADJUSTMENT TO INTERCOMPANY RENTAL EXPENSE PART XII, LINE 4B CAPITAL GAINS (LOSSES) TRANSFERRED TO INTEREST MAINTENANCE RESERVE X X 1 1 X X X X 0 1 0 J MICHAEL BELZ 476379 0 0 0 0 0 222595 0 13781 0 712755 0 0 0 THOMAS M PETRI 162741 0 0 0 0 0 18442 0 14281 0 195464 0 0 0 COLLEEN Z BERGER 140720 0 0 0 0 0 16454 0 7847 0 165021 0 0 0 RILEY DENNIS BEST 156627 0 0 0 0 0 18455 0 14281 0 189363 0 0 0 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. PART I, LINE 4B PRESIDENT/CEO PARTICIPATES IN A SERP. THE AMOUNT FUNDED IN 2010 WAS $82,000. 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 AND INVESTMENT DEPARTMENTS. ONCE COMPLETE, A DETAILED REVIEW OF THE SPECIFIC AMOUNTS WITHIN THE RETURN ARE REVIEWED BY THE CONTROLLER. AN OVERALL REVIEW OF THE RETURN IS PERFORMED BY THE TREASURER. 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 DIRECTORS DETERMINE THE COMPENSATION OF THE PRESIDENT/CEO. THE PRESIDENT SUBMITS TO THE COMPENSATION COMMITTEE SUGGESTED SALARIES FOR THE PRESIDENT/CEO AND EXECUTIVE OFFICERS. THE SUGGESTED SALARIES ARE BASED ON THE U.S. EXECUTIVE COMPENSATION SURVEY AS PUBLISHED BY LOMA. INCLUDED IN THIS SURVEY ARE SALARY COMPARISONS OF FRATERNALS AND OTHER COMPARABLE COMPANIES WITHIN VARIOUS POSITIONS AND COMPANY SIZES. THE COMPENSATION COMMITTEE REVIEWS ALL SUGGESTED SALARIES AND SUBMITS ITS SUGGESTION FOR THE PRESIDENT/CEO TO THE DIRECTORS FOR APPROVAL. A FORMAL APPROVAL BY THE DIRECTORS IS NOT REQUIRED FOR THE EXECUTIVE OFFICERS. MINUTES OF THE COMPENSATION COMMITTEE AND BOARD OF DIRECTOR MEETINGS ARE KEPT AT THE HOME OFFICE. THE LAST EXECUTIVE COMPENSATION SURVEY USED WAS PURCHASED NOVEMBER 2010 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN NON-ADMITTED ASSETS 14,095. CHANGE IN ASSET VALUATION RESERVE -1,469,000. NET REALIZED CAPITAL GAINS TRANSFERRED TO INTEREST MAINTENANCE RSV -2,275,207. CHANGE IN NET UNREALIZED CAPITAL GAINS/LOSSES 115,316. TOTAL TO FORM 990, PART XI, LINE 5: -3,614,796.