Royal Neighbors remains committed to Insuring Lives, Supporting Women, and Serving Communities℠. Our 280,000+ members across the country help drive our mission through localized volunteerism making social impact the cornerstone of our work.
Royal Neighbors’ responsible growth strategies ensure we can meet our obligations to certificateholders while funding our philanthropic initiatives. In 2024, we earned a total income of $281.4 million and a net income of $1.7 million. We achieved
our goal of increasing membership and earning positive net income. Our certificateholders’ surplus exceeds minimum regulatory requirements and provides an extra level of protection for members. Our continued financial strength and positive operating
results demonstrate our long-term commitment to members and ability to meet our financial obligations.
We are pleased to report AM Best affirmed our rating A Excellent on December 10, 2024.* In 2024, Royal Neighbors received its eighth Great Place to Work® certification and was recognized as a 2025 Best Insurance Company by Forbes.
Members like you are the reason we are Insurance with a Difference℠. Together, we continue to make a difference, generating a new high in Social Good (how we measure our philanthropic impact) of $43.8 million including more than 553,000
volunteer hours delivered to communities across the nation.
FINANCIAL HIGHLIGHTS
as of December 31 | 2024 | 2023 |
| Total admitted assets | $1,264,155 | $1,187,859 |
| Total Certificateholders' surplus | $167,658 | $178,653 |
| Premium income, net of reinsurance | $163,333 | $122,649 |
| Total Income and realized gains | $281,341 | $205,799 |
| Net income | $1,772 | $1,009 |
| (dollars in thousands) |
*As of December 10, 2024, Royal Neighbors is rated A Excellent (3rd highest out of 13) by the AM Best Company for overall financial
strength and ability to meet ongoing obligations to certificateholders. For the latest Best’s Credit Rating, access ambest.com.
COMMUNITY REACH
280,000+ members improving our communities
245+ Chapters participating in grassroots volunteering
553,880 volunteer hours delivered to our communities
SOCIAL GOOD
$43.8 million in Social Good impact
$77,500 Scholarships awarded
$100K Nation of Neighbors℠ women's empowerment grants awarded
(dollars in thousands)
| 2024 | 2023 | |
Cash and short-term investments | $25,487 | $40,307 |
Investments | 1,199,122 | 1,111,197 |
Other assets | 39,546 | 36,355 |
Total admitted assets | $1,264,155 | $1,187,859 |
Insurance reserves and claims | $956,763 | $900,541 |
Other liabilities | 139,734 | 108,665 |
Total reserves and liabilities | $1,096,497 | $1,009,206 |
Total certificateholders' surplus | 167,658 | 178,653 |
Total insurance reserves, liabilities and surplus | $1,264,155 | $1,187,859 |
| 2024 | 2023 | |
Premium income, net of reinsurance | $163,333 | $122,649 |
Investment income | 56,086 | 47,936 |
Reinsurance allowances and miscellaneous income | 61,935 | 35,478 |
Total income | $281,354 | $206,063 |
Benefits paid or provided | $177,773 | $126,739 |
Commissions | 63,429 | 49,320 |
General and administrative expenses | 38,367 | 29,731 |
Net income before net realized capital gains | 1,785 | 1,273 |
Net realized capital losses | (13) | (264) |
Net income | $1,772 | $1,009 |
a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).
The calculations contained within this calculator are specific to Royal Neighbors of America. It is intended to estimate an amount of life insurance coverage if death occurred in the near future. It is not a recommendation for specific coverage amounts. Your financial needs may differ from the estimates. Royal Neighbors does not guarantee that the amount illustrated here will meet your financial needs. You are responsible for selecting the appropriate amount of coverage. To evaluate your specific needs, please contact Royal Neighbors directly at (866) 845-6665.
| Year | Partner Age | Partner Income | S.S. Income | Available Income | Desired Income | Surplus/Shortfall | Available Resources | Insurance Needed |
|---|
Calculations include your answers to the previous questions, in addition to the following: 3% investment return; 2.6% anticipated inflation rate; $8,500 for funeral expenses which is based on the national median cost for an adult funeral in 2014 according to the National Funeral Directors Association1; 75% of your annual combined income for desired annual income needs; and 15 years for the number of years’ income needed or the calculation of the number of years it will take your youngest child to complete higher education, whichever is greater. Social Security benefits were factored based on the age of your youngest children (up to 4). Immediate needs include your mortgage, other debts, and $8,500 for funeral expenses.
College cost estimates are based on the following parameters (based on data provided by [College Board] . The inflation rate for college costs (5.48% annually) is based on the Bureau of Labor and Statistics Consumer Pricing Index average from January 1996-June 2016. This rate will factor into college cost assumptions for future years, adjusted annually.
1 “The national median cost of a funeral with viewing and burial for calendar year 2014 was $7,181. If a vault is included, something that is typically required by a cemetery, the median cost is $8,508. The cost does not take into account cemetery, monument or marker costs or miscellaneous cash-advance charges, such as for flowers or an obituary.” http://www.nfda.org/news/statistics
