Thoughtfully Designed Protection
The President's Message
John H. Bultema III
President & Chief Executive Officer
Momentum sustained over The Lafayette Life Insurance Company’s many prosperous years carried it forward through a very successful 2023. The company’s results underscored the continued commitment to meeting customer needs.
The company recorded over $109 in new life insurance sales, an increase of 20% over the prior year while operating income from life and annuity operations totaled $68.5 million.
Lafayette Life’s tradition of paying dividends on its whole life products, one dating to its 1905 origin, again was honored. The company expensed record dividends totaling $92 million to eligible policyholders for 2023, an allocation that marked the 118th consecutive year of paying a dividend. Additionally, the company approved a dividend rate increase for 2024, demonstrating its strong capital position.
Lafayette Life stands on the bedrock of strength and stability in upholding its commitments. Its sound, disciplined and forward-looking approach remains a key to its success.
