Shenandoah Life Insurance has reported $281.1 million revenue for 2007, an increase of 8% over $260.9 million for the same period of 2006.
The company’s operating gain before income taxes was $19.1 million, in 2007. The company’s total assets increased 4% to $1.9 billion, and policyholders’ equity remained at $217.9 million.
The net investment income increased 3% to $83 million in 2007. At the end of 2007, the portfolio yield on the total invested assets was 6.32% and 97% of the securities in the fixed income segment were rated investment grade.
Robert Clark, president and CEO of Shenandoah Life Insurance, said: Our 2007 financial results are a reflection of our comprehensive product offerings and conservative expense management. As a company we are focused on providing quality products and effectively managing our resources so that we can consistently meet our customer’s needs.