ROCK ISLAND – Royal Neighbors of America has released its 2013 income report.
The company generated revenue in excess of $128 million; grew its assets by $37 million to $868 million; and has a surplus of $213 million, resulting in a surplus to assets ratio of 25 percent and an industry-leading risk- based capital ratio. These results highlight the strength and stability of the organization.
A.M. Best, an internationally-respected insurance industry rating agency, continues to rate Royal Neighbors an A-(Excellent, stable outlook) for its overall financial strength and ability to meet ongoing obligations to certificate holders. The agency recognizes Royal Neighbors’ strong level of risk-adjusted capitalization, well-established fraternal presence, and large membership base.
Headquartered in Rock Island, with a branch office in Mesa, Ariz., Royal Neighbors serves more than 200,000 members and is licensed to do business in 42 states and the District of Columbia.
RNA has several chapters in the Sauk Valley area.