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Annual Report

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Financial & Philanthropic Performance of
The Royal Neighbors of America®
as of December 31, 2021

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Management’s Report to the Membership

Royal Neighbors of America is committed to improving the lives of our Members by providing life insurance and annuities products, savings offers designed to make the most of your budget, and philanthropic and volunteer programs to make a positive social impact in your community.

Royal Neighbors’ responsible growth strategies ensure we can meet our obligations to certificateholders while funding our philanthropic initiatives. In 2021, life premium income increased and was offset by lower annuity premiums. Our investment income results were strong and more than offset increased mortality experienced in 2021. Our positive financial results in light of the pandemic, demonstrates 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 (3rd highest out of 13) on November 30, 2021. Royal Neighbors earned net income of $3.8 million, and our certificateholders’ surplus increased $7.7 million.

We are especially proud of the efforts by our Members to continue to support their neighbors and communities during an unprecedented year. Together, we found new ways to make a difference, generating a new high in Social Good (how we measure our philanthropic impact) of $20.5 million, including more than 283,000 hours of volunteer service.

Our success in 2021 reflects our dual commitment of providing insurance protection and opportunities to make a difference in communities. The charitable passion and ongoing commitment to women’s empowerment by our Membership is an enduring principle of Royal Neighbors, and one we are proud to support.


$1.2M saved by Members on discounted health, wellness, legal services, and retail services provided to Members and more


Community Reach graphic


as of December 31



Net admitted assets$1,170,315$1,119,852
Certificateholders' surplus$194,702$187,054
Premium income, net of reinsurance$134,148$139,403
Revenue (including capital gains)$209,381$200,428
Net income (loss)$3,7762,056

 (dollars in thousands)



240,000+ Members improving communities
200+ Chapters participating in grassroots volunteering
283,000+ Volunteer Hours to our communities



20.5M+ Social Good impact
$175K Scholarships awarded
$100K Nation of Neighbors℠ women's empowerment grants awarded


ROYAL NEIGHBORS Financial Statement

(dollars in thousands)

BALANCE SHEET as of December 31, 2021

Cash and short-term investments






Other assets



Total admitted assets



Insurance reserves and claims



Other liabilities



Total reserves and liabilities



Total Certificateholders' surplus



Total insurance reserves, liabilities and surplus





Premium income, net of reinsurance



Investment income



Reinsurance allowances and miscellaneous income



Total income



Benefits paid or provided






General and administrative expenses



Net income (loss) before net realized capital gains (losses)



Net realized capital gains (losses)



Net income (loss)




Royal Neighbors Pop Up Glossary

Pop-up Glossary


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).

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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.

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Additional Life Insurance Needed
  • Your total needs minus your total resources means you need N/A

Income Replacement Estimate

This chart estimates how much life insurance your loved ones may need to replace your income and maintain their current standard of living. Your dependents may be eligible to collect Social Security income benefits, which are included in the calculation below. The “Insurance Needed” column does not include financial needs such as paying off debt or paying for college.
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.

  • Amount for community college: 2 years @ $3,435/year (tuition and fees only)
  • Amount for public university: 4 years @ $19,548/year (tuition, fees, room and board)
  • Amount for private university: 4 years @ $43,921/year (tuition, fees, room and board)

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.”

The specified form no longer exists or is currently unpublished.
Form #: P00495; Rev. 5-2022